DLF Group
India’s largest real estate company, DLF steps up the disposal of non-core assets to pay down debt of almost $5 billion. It will sell its shareholding in two IT SEZs in Pune and Noida, for a combined value of Rs1300 crore. The transactions have not yet closed. Two partners, Ackruti City and The 3C Company, [...] Continue Reading »
The divestment may gain momentum in the current fiscal with higher indicative realisations for ongoing proposals and expected conclusion on some big-ticket items. DLF plans to sell developed properties to reduce its burgeoning gross debt of 23,990 crore. DLF to sell developed properties to raise 10,000 crore in the next 2-3 years. Last week, the [...] Continue Reading »
India’s top listed real estate developer DLF Group has said it will increase prices of its properties in selective locations to minimize the impact of rising input costs. The company, however, did not share details such as by how much the prices will be hiked, on which projects and from when the increase will take [...] Continue Reading »
The interim order by Competition Commission of India (CCI) brings some relief to apartment buyers of DLF Ltd. CCI passed an interim order against the real estate developer in a case pertaining to its alleged abuse of dominance by changing original provisions of agreements without informing the buyers-Belaire Owners’ Association and Park Place Residence Welfare [...] Continue Reading »
The much-awaited direct tax code bill, aimed at simplifying the country’s archaic direct tax laws, was passed by the cabinet on Thursday.Those who have a home loan also have reason to cheer, as the interest exemption would continue for up to 150,000 rupees annually.The first draft of Direct Tax Code (DTC) was silent on exemption [...] Continue Reading »
