DLF Group
DLF land allotment case has finally ended with fines and penalties imposed by the competition watch dog CCI. The hearing scheduled for Thursday makes DLF to make arrangements for payment of the penalty amount fixed by the apex court. Out of the fixed amount of 630 crore DLF has paid only fifty crore and sought [...] Continue Reading »
The net debt of DLF went up by Rs. 817 crore and made Rs. 19,94 crore, at the time of second quarter of the financial year. The realty firm had planned to increase it by Rs. 3,600 crore with the help of securities along with the support of commercial fundamentals to take place of more [...] Continue Reading »
The Indian property market went through a bull run in the last decade, with prices in most major cities sky-rocketing. However, fortunes of the country’s largest property developer DLF have been less than spectacular over this period. The company’s share price, which crossed Rs 1,000 per share in early 2008, trades at around Rs 175 [...] Continue Reading »
The fine print of the Punjab and Haryana high court’s September 3 order, cancelling allotment of 350 acres of land in Gurgaon to real estate major DLF, has revealed a startling fact. A major chunk of the land belonged to DLF and its sister companies as way back as 1991. It was acquired through exchange [...] Continue Reading »
Post the swearing in of the new government in the center, we see a lot of activities in the real estate sector. The country’s biggest realtor DLF is also gearing up to reap the benefits of this positive sentiment. Realty major, DLF has asked the company’s independent directors to review its rental business and suggest [...] Continue Reading »
Most of the buyers still seem to have a sense of hope within themselves despite knowing that the government of the state has refused to allow the operation of environmental clearance. This had been handed over to the apartment project belonging to DLF Ltd located in Chilavannoor. The project which had kicked off the year [...] Continue Reading »
The case is regarding construction of a high-rise luxury apartment complex by DLF in the vicinity of Rashtrapati Bhavan which had led to security concerns. There is no irregularity found by CBI in this matter. DLF is the country’s largest real estate company. The CBI had registered a preliminary inquiry against unknown officials of Urban [...] Continue Reading »
After repeated pleas to various authorities to install streetlights in their area fell on deaf ears, the residents of DLF Phase-I are planning to start an online campaign. President of H-Block RWA, DLF Phase-I says that they were trying their level best from past two years to convince every possible concerned departments to install streetlights, but no [...] Continue Reading »
DLF, India’s largest real estate developer, is recovering after concerns over its huge debt of Rs 23,000 crore last year and lack of new launches. Last year, its realty index had fallen by 30 percent, where as, in the last three months, DLF stock had risen by 32 percent. The realty giant’s debt is expected [...] Continue Reading »
After the controversies, few projects and sluggish growth, the country’s largest real estate company, DLF, is now is looking forward for the new launches during 2013-2014. The company is planning pan-India residential projects, office and retail launches and the total development will be of 12-16 million sq ft in the coming year. After concluding the [...] Continue Reading »
