Tag: DLF

DLF to Raise Rs.2000 Cr Via Selling Shares

Largest developers of India, DLF is planning to sell its shares. The realty major aims to raise Rs.2000 Cr through selling shares. DLF plans to sell out nearly 81 million shares. Through this, the realty major aims to raise over Rs.2000 Cr. The shares will be sold via institutional placement program (IPP).

CCI‘s New Developer Buyer Agreement; DLF Case Contexted

CCI plans to frame new Agreement between the Developer- and the property buyer. Competition Commission of India (CCI) plans to frame a new agreement between the property buyer and the developer. The new Agreement is designed on the context of DLF Case. CCI hopes that the new agreement will solve out most of the issues […]

Focusing Delhi Real Estate, DLF Sells Aman Hotel Shares

India’s largest real estate firm DLF plans to develop some Delhi real estate properties. The real estate major has sold its Aman Hotel stakes with this purpose. DLF has sold its Aman Hotel stakes with double purpose. Firstly with the amount the firm will be able to cut off its debt and secondly the firm […]

DLF’s Mumbai Land-Sources may be Bought by India’s Lodha very soon.

India’s Lodha Group is in advanced talks to buy a plot of land in Mumbai from DLF, the country’s largest listed real estate developer, for about $500 million, two sources with direct knowledge of the situation said. Sale of the 17-acre plot is seen as part of DLF’s plan to sell some of its assets […]

Code of Conduct is the Issue Between CREDAI and Builders

Initially, several developers declined to abide by the code of conduct laid down by CREDAI. Following this, the association has expelled several developers, while some have resigned discontinuing their involvement with the organisation. Opposing the self-regulation code, the builders refused to sign the association’s code of conduct. The bone of contention for builders was the code […]

Competition Commission of India pulls up DLF for allotment cancellation

The Competition Commission of India (CCI) has pulled up real estate major DLF Ltd in a recent order for cancelling the allotment of an apartment of a member of DLF’s Park Place RWA, stating that it was in “direct contravention” of its stay order of September 2010. The order was passed by the commission to […]

DLF in talks to sell Mumbai land

DLF, India’s top-listed realtor, is in talks with three Mumbai-based real estate companies – Lodha Developers, Runwal Group and Sheth Creators, to sell a piece of land in central Mumbai, according to a report on Friday. While DLF is seeking a valuation of 30 billion rupees ($571 million) for the 6.8 hectare property, the potential buyers are negotiating at between 20 billion […]

RBI’s Rate Cut: Real Estate Sector Expect Rise in Property Demand

Realty firms on Tuesday hailed the RBI’s decision to cut short-term lending rate saying the move would reduce the cost of funds to home buyers as well as developers and boost property demand. “Reserve Bank’s decision to cut the repo rate by 50 basis points and abolish pre-payment penalties is a good move for home […]

CCI will fine DLF for imposing unfair conditions on flat owners.

Recently, Competition Commission of India (CCI) has accused DLF for imposing unfair conditions on home buyers on its high-end residential project Magnolia in Gurgaon. For which, Magnolia Flat Owners’ Association had filed a complaint against DLF Universal, Haryana Urban Development Authority and the Director Town and Country Planning, Haryana, with the Competition Commission of India (CCI). CCI director […]

Developers now focusing on Luxurious housing projects

After the success of ‘Affordable homes’, realtors are now moving towards the launch of luxurious housing. The demand for luxurious houses indicates that there is big scope for realtors there. With this increase in demand, many developers including Ansal API, Unitech, DLF, Emaar MGF etc are jumping into this business and plan to launch huge […]

Deal between DLF and Limitless Group

The stake owned by Limitless Group, part of Dubai World, in Bidadi Knowledge City in southern Karnataka state will be bought by a unit of DLF. Currently, a restructuring worth 23.5 billion dollar is going on in the Dubai World. In April 2009, Limitless said that since authorities there have not bought the required land, […]

Real Estate Market Analysis

Since the sales of residential properties are diminishing gradually these days, it is expected that the real estate companies will experience decline in the first quarter of financial year 2010-11. However, it cannot be ignored that the office market is picking up with the economy. As per the data collected by leading stock brokerages show, […]

SEZ Kolkata Restarted

One of the leading real estate developers in India, DLF, has been granted the NOC from the government today, thus the firm will now resume its plan for SEZ, a special economic zone in Kolkata. After a meeting of the Board of Approval which is the nodal body for SEZ-related matters, Mr. D K Mittal, […]

Sale of non-core assets is DLF’s Plan

DLF, India’s leading real estate developers, plan to raise an amount of Rs. 2700 cr. this financial year by selling non-core assets in order to reduce its debt of over Rs 16,421 cr. by about 33%. The realty giant plans Rs. 5000 cr. to be cut from its debt. Out of these, Rs. 2700 cr. […]

Luxury Chains by Hilton in India

The Hilton International Co, a US based hospitality giant, is looking forward towards bringing to India more of its global brands, especially the luxury chains Waldorf Astoria and Conrad. Besides the joint venture with DLF, a leading real estate firm, the company also has a keen interest in expanding its existence in India. Also, it […]

2BHK is in trend

The maximum demand currently is for 2BHK residential apartments and finally supply is following demand. Such has been the response that there are developers who claim as much as 55% of their inventories comprise two bedroom units. According to Atma Sharan, GM-Marketing, Ashiana Housing Ltd, “About 55-60% inventory would be 2BHK. This definitely is the […]

All apartments sold within 2 hours

DLF has launched the 2nd phase of its residential project in the heart of national capital, has sold all the apartments within 2 hours. The company sold all the flats, offered at prices of up to Rs 1.86 crore, though it has increased the selling price of its units by up to 26% compared to […]

DLF to sell more land and wind power business

Debt-ridden realty player DLF said that it will sell more land and wind power business this financial year to raise Rs 1,900 crore and lowered the sales figure for flats. With a total debt of over fourteen thousand crore rupees to start the year 2009-10, DLF had been doing everything conceivable, including sale of promoters’ […]

DLF to sell stake in JV to raise fund

DLF is looking to raise Rs 300-500 crore by selling its stake in a JV with Mumbai-based realtor Akruti City for a commercial project in Andheri. DLF has already scrapped a 5 star hotel project in Prabhadevi in Mumbai with Akruti. DLF was the majority stakeholder in the project. DLF has been looking to monetise […]

DLF gets approval from government

The government has provided in-principle approval to DLF to denotify four of its IT, ITES Special Economic Zones (SEZ), which the company did not want to build because of the slowdown in the real estate business. However, the denotification will be subject to the condition that DLF returns all the tax benefits that it had […]

Hospital Project by Fortis- With DLF or Emaar?

Fortis Healthcare Ltd has a strategy to build hospitals with real estate giant Emaar MGF Land Ltd and DLF Ltd appear to be going nowhere amid Fortis’ concerns over the sites that were proposed by both builders. Fortis had signed a memorandum of agreement with DLF in January last year to set up fifteen hospitals in […]

Housing demand falls 35% in smaller cities: Assocham

The demand in the housing sector fell by 35% in tier-II and tier-III cities in the first half of this fiscal due to the high cost of borrowings, says an assessment by an industry lobby. According to the assessment of Assocham, over 20 million people in about 25 tier-II and tier-III cities, who want to […]

Real estate slump may pull prices by 20%

With a slump in the Indian real estate sector due to excessive credit crunch and demand slowdown, home buyers can expect a further correction in real estate prices in the range of 15% to 20% in next six months. There are several factors working against the Indian real estate sector that can bring about such […]

Realty index slips 3.7%

With the domestic bourses taking cues from global markets, the realty stocks on Wednesday dipped 3.70% as bearish sentiments gripped the market. The realty index opened at 2,720.59 points and touched an intra-day low of 2,701 points in the first few minutes of trade. It was later quoting at 2,716.17 points, down 3.16%. Led by […]

Lehman Fall May Deepen Indian Realtors’ Credit Woes

Lehman Brothers’ bankrupcy is likely to cost Indian real estate. It may impact the financial major’s existing investments worth $500 million in realty firms, including DLF and Unitech, besides drying up another $500-million worth of potential investment which was expected to flow into Unitech’s Mumbai projects. The news of Lehman’s collapse brought the BSE realty […]