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DLF

Grim prediction for real estate firms

Grim prediction for real estate firms
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 »

DLF to sell its non-core businesses

DLF to sell its non-core businesses
Realty giant DLF is all set to sell at least two out of the three non-core businesses as it plans to cut its Rs 23,000 crore debt to about Rs 17,000 crore in the current fiscal. DLF Group Executive Director Rajeev Talwar revealed that the group is all set to sell its luxury hospitality chain [...] Continue Reading »

Private and public tussle pushes Gurgaon area back

Private and public tussle pushes Gurgaon area back
The tussle between public and private authority has pushed back development in Gurgaon. Almost the entire area of ward 34 comes under private developer DLF in New Gurgaon. Due to this, the authority of the Municipal Corporation of Gurgaon (MCG) in the area remains constrained. The councilor of the area has also been in a [...] Continue Reading »

Travel smooth from Delhi-Gurgaon toll plaza to Golf Course Road

Travel smooth from Delhi-Gurgaon toll plaza to Golf Course Road
Gurgaon will procure a new ‘signal-free’ road by 2014, developed by IL&FS Engineering and Construction Company. The firm has announced that it has won Rs 394.3 crore contract from India’s largest real estate developer DLF for construction of a road in Haryana. The 8.3 km road, starting from NH-8 to sector 55/56 at Gurgaon, will [...] Continue Reading »

No bright light for real estates any soon

No bright light for real estates any soon
According to data by provided by brokerages such as Motilal Oswal Securities, Kotak Securities, Edelweiss Securities, Prabhudas Lilladher and Emkay Global, net profit for the real estate companies are expected to fall by 20 per cent, while net sales may rise three per cent in the first quarter of the current financial year. According to [...] Continue Reading »

Big projects dawn lower prices in Chennai

Big projects dawn lower prices in Chennai
In a rare occurrence that has had reverse effect on the escalating prices of apartments, a big  luxury apartment project launched by TVH Group in Adyar seems to have set a new trend.  TVH has brought down the prices by 16% where in the earlier prices were 16000 per sq. ft. It was a calculated [...] Continue Reading »

Gurgaon Corporation’s budget not affected

Gurgaon Corporation’s budget not affected
The Supreme Court’s order regarding property tax collection from private developers’ area will not have any impact on the revenue generated from house tax, claimed the Municipal Corporation of Gurgaon. The corporation hopes to earn Rs 500 crore through the property tax collection with the current fiscal budget. Senior officers have claimed that behalf of DLF’s [...] Continue Reading »

Realty companies give out striking dividends

Realty companies give out striking dividends
Though the present real estate market of India is witnessing a downtrend, it has not stopped the listed companies from shelling out attractive dividends for the fiscal year 2012. According to an analysis, 26 listed companies – most having a 50% or more promoter holding – recommended an aggregate dividend of Rs 722 crore during [...] Continue Reading »

DLF’s chairman – ‘Indian Business Leader of the Year’

DLF’s chairman – ‘Indian Business Leader of the Year’
K.P. Singh, the chairman of realty player DLF, has been conferred the “Indian Business Leader of the Year” award for his vision and skills which have boosted DLF to reach high, at the Horasis global India business meeting held in Antwerp, Belgium. Horasis: The Global Visions Community hosts a global India business meeting every year [...] Continue Reading »

CCI considers relevant market for realtors

CCI considers relevant market for realtors
The Competition Commission of India (CCI) has levied Rs 6300 crore penalty on 11 cement companies and it has yet to consider a surplus of cases against builders. In the case of DLF, CCI looked at the relevant market as ‘high-end residential’ in Gurgaon while it looked at the relevant market as ‘residential accommodation’ in [...] Continue Reading »



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