DLF Group
New Delhi- The Competition Commission of India has modified few clauses for commercial agreements between realty giant DLF and property buyers, in two projects by DLF in Gurgaon in the NCR. In March 2012, the Competition Appellate Tribunal (COMPAT) had directed CCI to present a modified buyer-seller agreement and the fair trade regulator (CCI) is [...] Continue Reading »
The business deals between Robert Vadra, the son-in-law of Congress Party president Sonia Gandhi, and DLF Group has come under scanner for the last few days. Amidst all the political ruckus, new information reveals that Vadra had bought 41 premium apartments from DLF but subsequently sold most of them at a profit. All the apartments [...] Continue Reading »
As political atmosphere heats up, Indian real-estate major DLF Ltd. has denied allegations that it gave interest-free loans and sold land and apartments at throwaway prices to Robert Vadra, the son-in-law of Congress president Sonia Gandhi. India Against Corruption activists Arvind Kejriwal and Prashant Bhushan had alleged last week that DLF received undue favoritismreturn for [...] Continue Reading »
Brokerage firm Motilal Oswal says that DLF, India’s largest real estate firm, is one of the major beneficiaries of recent policy reform allowing 51 per cent foreign direct investment (FDI) in multi-brand retail. The recent announcement of 51 per cent FDI in multi-brand retail and relaxation of FDI norms in single brand retail is set [...] Continue Reading »
The Gurgaon builder community has accused the Haryana government of misinterpreting the Punjab and Haryana High Court order of July 31 about sealing of borewells at construction sites and randomly sealing their projects instead. The battle surrounding ground water uses continues as during a resumed hearing on petitions filed by Sunil Singh and Qutab Enclave [...] Continue Reading »
As per records, Morgan Stanley, the US-based investment bank, is in the process to buy real estate firm DLF’s wind power business. It shows the bank’s heightened private equity interest in renewable assets. Morgan Stanley is keen on buying DLF’s business to consolidate wind power assets in India. DLF’s wind power business was put on [...] Continue Reading »
The country’s largest real estate firm DLF has decided to end its five-year long association with the Indian Premier League (IPL). The title sponsor of IPL did not renew its contract that was due by last month. DLF sources said that the company will promote other sports and is currently exploring various such platforms for [...] Continue Reading »
DLF is set to build India’s largest mega mall, which would be a 4-million square feet promenade in Gurgaon. DLF is to invest Rs 2,000 crore on the project. The mall would be bigger than the 1.5-million sq ft Great India Place mall in Noida and would be comparable with the world’s largest 7-million sq [...] Continue Reading »
The Golf Course Extension Road, which is relatively a new locality, is emerging as a new real estate destination. The area is rapidly gaining prominence owing to its easy accessibility to NH-8 and South Delhi via the Gurgaon-Faridabad Expressway. Golf Course Extension Road, constructed in 2009, connects Golf Course Road to Gurgaon-Sohna Road. Developers and [...] Continue Reading »
DLF, India’s biggest property developer, is closer to meeting its debt reduction target after it agreed to sell its plot of land in Mumbai for Rs 27 billion ($488 million) to Lodha Developers. The Delhi-based developer said it had received an advance payment of Rs 5 billion for the plot from Lodha and would receive [...] Continue Reading »
