DLF Ltd
The Punjab and Haryana High Court suppressed the Haryana government’s decision to transfer 350 acres of land to real estate giant DLF in Gurgaon. A day after this decision the state government on Thursday sent its top bureaucrats explaining its action. The officials presented a ‘factsheet’ claiming that the key decisions pertaining to the project [...] Continue Reading »
Prestige Estates Projects Ltd now is the second largest real estate developer by market capitalization after DLF Ltd and they have great expansion plans. They are considering expanding beyond southern India. Post the budget which was unveiled by the Finance Minister Arun Jaitley, the real estate sector is showing a lot of activities. There is a [...] Continue Reading »
Skills Academy Private Limited, founded by DLF chairman KP Singh’s daughter Pia Singh is doing good business. The company has acquired A4e India Private Limited, the Indian arm of the UK-based A4e Limited. The acquisition comes at a time when the government is focussing on skill development and job creation. There are many start-ups which [...] 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 »
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 »
New Delhi : The Competition Commission of India (CCI) initiated an investigation against five prime real estate developers for alleged competitive practice. Around 23 cases were filed against DLF, Larsen & Toubro, Tulip Infratech, Omaxe and JP Association, as reported to Rajya Sabha by corporate affairs minister, Sachin Pilot. DLF is filed with 15 more cases and a [...] Continue Reading »
A complaint filed by DGCOM Buyers and Owners Association against Delhi-based leading realtor DLF, alleging market power exploitation, has been declined by the Competition Commission of India (CCI). The Chennai-based association had filed a petition with CCI claiming that DLF has misused its dominant market position relating to a residential project in Chennai. The petition [...] 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 »
Analysts said that demand for commercial real estate has dropped around 30 per cent in the past year, due to general economic slowdown. Office rentals witnessed 15 per cent decline in rentals across many locations. In some cases it has come down by as much as 50 per cent. Credit to the commercial real estate [...] Continue Reading »
Analysts have commented that the Real estate firms are expected to have had a lackluster in the June quarter with lesser profit due to tighter margins and higher inputs costs compared to the previous year. Firms are expected to show downfall in their profit, including big players like DLF Ltd. Bangalore based developers seem to [...] Continue Reading »
