The country's largest realty firm DLF and Haryana Urban Development Authority (Huda) have joined hands to construct a 16-lane road covering 8.3 km in Gurgaon at an investment of up to Rs 600 crore to ease heavy traffic flow in the city.
Country's largest real estate player DLF is all set to start its own fire brigade beginning with Gurgaon and Chennai, making it probably the first private company to dabble into such activities.
DLF, the largest real estate company has, with the aim of cutting its big debt load, recently set up a core team of five to six people to focus on the process of sale of non-core assets, a company official said.
DLF is trading higher by 3% at Rs 195 in otherwise weak market on reports that the company is planning to sell around 51% stake in its life insurance joint venture - DLF Pramerica Life - to HCL Group for about Rs 500 crore.
Indian billionaire Shiv Nadar’s foray into the insurance sector is likely to fructify soon. DLF Pramerica Life, seeking an Indian partner for its operation, is in talks with Nadar’s HCL Group to sell a majority stake.
Apart from the volatile external environment and domestic slowdown, there is a new element of risk emerging that Indian investors will have to bear in mind.
At a time when the market is abuzz with speculation over DLF’s Mumbai land sale, Toronto-based research firm, Veritas Investment Research, has come out with a contrarian view, claiming the developer may not sell it before 2014, looking at
Goldman cited a pick up in residential launches, a recovery in commercial property, easing interest rates, and improved outlooks for asset sales as well as for operating/financial leverage as reasons for upgrade.
With the slump in real estate market and television ratings, DLF, the country’s largest real estate developer, is unlikely to continue with the title sponsorship of the Indian Premier League, according to sources close to the development.
DLF Limited has dipped almost 3% to Rs 191.75 in noon trades after the Bombay Stock Exchange (BSE) has decided to exclude Delhi-based real estate major from its benchmark index Sensex w.e.
Gardencity offers plot sizes starting from 250 sq yards and boasts of modern town planning, eco-friendly infrastructure, wide roads, smart sewage disposal plant, underground cabling and green belts running across the township.
To say that it has been an annus horribilis for DLF—the country’s largest real-estate company—may be an understatement. Its numbers would make even the most battle-hardened CFO blanche.
Interest rate sensitive counters including ICICI Bank, DLF, M&M took a beating on bourses today as investors, who were expecting the RBI to ease its tight monetary policy, were disappointed with the central bank maintaining status quo.
The rate sensitive sector stocks such as automobiles, real estate and banking are trading lower ahead of the Reserve Bank of India (RBI) mid-quarter policy review today.
DLF notified Bombay Stock Exchange, that it will move Competition Appellate Tribunal (Compat), against the Competition Commission of India’s (CCI) order accusing DLF for abusing its dominant market position and imposing unfair conditions on home
Competition watchdog CCI has found realty major DLF, which is facing a penalty of Rs 630 crore, guilty of abusing its dominant market position in one more housing project.
Real estate major DLF is likely to close the current financial year with a realisation of around Rs 1,600 crore from non-core asset sale, the same level that was achieved end of the December third quarter.
