DLF India
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 »
In a cat-and-mouse chase between SEBI and DLF, the investors of DLF are likely to take the ultimate beating, with several under-construction projects hanging by a thread after SEBI’s fundraising ban on DLF. In a verdict passed on Monday, the Securities and Exchange Board of India (SEBI) decided to debar India’s real estate giant DLF’s [...] 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 »
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 »
My Home Group, a local builder of Andhra Pradesh is all set to buy a 30-acre land parcel in Hyderabad’s Raidurg area for a whopping Rs 550 crore. DLF, India’s largest real estate developer, is the current owner of this land parcel and they are selling it to use the money to reduce their debt [...] Continue Reading »
A penalty of Rs 630 crore was imposed by the Competition Commission of India (CCI), holding the prestigious realty major DLF guilty of abusing its dominant market position with regard to a residential society in Gurgaon. DLF on Thursday moved to the Supreme Court against the Competition Appellate Tribunal’s (Compat) order which was issued in [...] Continue Reading »
Observing the current scenario, it has come to our notice that possibly the DLF will face a turnaround after selling all the units which do not seem important to their business and by nearly meeting their debt reduction target. One thing which still remains a concern is the sluggish and feeble home sales by market [...] 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 »
In a recent announcement, bigwig real estate firm DLF has revealed that it has become India’s first realty developer to receive the ISO 9001:2008 quality certification for development of housing and commercial projects. About the ISO certification, DLF – with a prominent presence across 24 cities in 15 states – said in a statement that [...] Continue Reading »
