DLF
Gowri Shankar Gupta, a prominent realtor, has been arrested on 22nd June in connection with a criminal case filed by construction giant DLF. He was called for questioning and subsequently arrested, in accordance to a pending case of cheating Hyderabad Metropolitan Development Authority (HMDA). Soon after his arrest, the accused complained of chest pain and [...] Continue Reading »
DLF’s Mumbai land sale deal has captured strength as three buyers are in advanced stages of negotiation. Sources said that the deal may close in the next couple of months. Three major developers including Oberoi Realty, Lodha Developers and Runwal Group are currently negotiating the deal. The deal is likely to range between Rs 2300 [...] Continue Reading »
The builders and developers of Gurgaon have chosen Golf Course Extension Road as the home to their upcoming luxurious residential projects. This new developing locality is well connected to Indira Gandhi International Airport, NH-8 and South Delhi. Road No. 9 has been developed from Sikandarpur to Golf Course Road which further gives connectivity to Sohna [...] Continue Reading »
DLF has been downgraded by Citi from “buy” to “neutral” as target price has come down from Rs 266 to Rs 218. Currently, DLF shares have come down by 1.3 per cent to Rs 186.20. Citi group has added that there will be a wait for a pick-up in execution, sales and margins to become [...] Continue Reading »
Raising debt amount is becoming a burden for the DLF builders. To ease its debt burden, the real estate group is focusing on luxury home projects in India. In a report it is found that the company has faced serious construction delays which had a drastic impact on its ability to reduce its huge debt. [...] Continue Reading »
The real estate developers in India are concentrating more on the execution and completion of the older under construction projects in India. The real estate market is struggling to come out of the situation as project delay is a major concern for the investors as well as for the home buyers. It is reported that [...] Continue Reading »
Though it is found that the performance of DLF is slightly better than last quarter, they are still struggling to attract the investors. Most of their projects are still laying unoccupied due to high interest rate for funding. Most of the home buyers are looking for local builders for buying apartments in India. That is [...] Continue Reading »
DLF Brands has announced the launch of its first multi-brand retail venture AVE.NEU and plans to open 25 outlets across India at an investment of up to Rs 125 crore in the next three years. The retail stores will be opened in cities like Mumbai, Pune, Chandigarh, Surat and Lucknow. According to the planning 10 [...] Continue Reading »
Real estate developers in India are building more high-end shopping malls that will cater to retailers and buyers of luxury brands. DLF Ltd has planned to build two more luxury DLF Mall in the National Capital Region. The two malls, which are expected to be operational by 2013-14, will come up in Chanakyapuri, in the [...] Continue Reading »
In the global economic downtime, the companies in India are planning to sale their non-core and core assets to reduce the debt burden. Companies from all sectors like lifestyle, telecommunication, retail, real estate are walking in the same direction. We can see several movements taken by the DLF builder to sell its land bank and [...] Continue Reading »
