DLF
17-acre plot of DLF in Mumbai’s Lower Parel area might be sold at Rs 2900 crore. India’s biggest real estate firm DLF has planned to sale the land to reduce its debt burden. It is said by a DLF official that the Mumbai-based builder Lodha Group and American private equity fund Vornado Realty Trust had [...] Continue Reading »
When several real estate developers in India have refused to abide by the code of conduct lay down by CREDAI, the builders association has expelled those developers, while some have resigned discontinuing their involvement with the organization. The builders have refused to sign the association’s code of conduct as they are not convinced by the [...] Continue Reading »
The largest real estate builders in India DLF will sale its Aman Resorts. The builder took the decision to reduce its rising debt. DLF is trying to reduce the burden of $4.2 billion debt by selling its non-core assets. DLF is hoping to get a value close to $ 400 million from the Aman Resorts [...] Continue Reading »
Three real estate builders DLF, Hirco and Hiranandani, have been removed from the builder’s body, the Confederation of Real Estate Developers’ Association of India (CREDAI) in Chennai. The builders were expelled as they were opposing to sign the organization’s ethical code of conduct, mandatory for all the 8,600 members spread across 105 cities in 22 [...] Continue Reading »
DLF known as the largest real estate builder in India, has planned to launch its own Fire brigade service to protect its properties. At present they are planning to set up the service only in Gurgaon and in Chennai. Three fire stations will be set up in NCR city as they have properties almost in [...] Continue Reading »
DLF will construct a 16-lane dedicated corridor which will connect the Gateway Tower to the Golf Course Road. At present the distance takes almost 30 minutes to travel. After the construction of the lane, 8.3 Km distance will be reduced to 2.2 Km and it will take only 7 minutes to travel. Almost 1.5 million [...] Continue Reading »
DLF earlier closed their deals with Giorgio Armani, now planned to separate itself from the partnership program with Italian luxury brand Salvatore Ferragamo. DLF is now planning to move out from luxury business and wants to focus on premium and bridge-to-luxury fashion brands. As the cost of retail real estate in India is very high, [...] Continue Reading »
With the order by the Supreme Court (SC), DLF builders stopped the construction of the Kalka-Pinjore Urban Complex. The villagers of Islamnagar files a special leave petition challenging the land acquisition. The Haryana Urban Development Authority (HUDA) also has to stop its construction activity on the same land in question. Earlier the high court had [...] Continue Reading »
Real estate builders like DB Group, DLF, Eros, Leela and Royal Orchid Hotels are planning to sell their hotels to reduce the debt amount. The companies had taken a huge debt while expanding business a few years ago. As the market is slowing down, the debt amount has mounded. Hence to come out from the [...] Continue Reading »
The sale of houses and apartments in India is proving a major decline! The home loan rates and rates of properties are also increasing with the days progressing. Properties in India is no more n demand! This present real estate scenario is alarming whole India. The real estate experts have proved major decline of properties [...] Continue Reading »
