DLF
According to a recent statement made by Sanjeev Nandwani, Development Commissioner, SEZs (Eastern and North Eastern Zone), a total export income of Rs 15,000 crore was generated by the Special Economic Zones (SEZs) in West Bengal in FY 2013-14. The disclosure was made by Nandwani on the sidelines of a recent National IT Conclave organised [...] 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 »
On the sidelines of a realty industry function held recently in Mumbai, real estate bigwig DLF said that it has efforts underway to ensure that its debt is reduced to Rs 12,000-14,000 crore by FY17. The company had a debt of Rs 19,000 crore in FY14. For bringing down its debt by FY17, the realty [...] Continue Reading »
In order to improve the economy, IT services firm Tata Consultancy Services is leasing 920,000 square feet of office space in the national capital region -about 420,000 sq ft in a Noida building owned by IDFC it had bought from DLF a few years ago, and about 500,000 sq ft in Gurgaon from international builder [...] Continue Reading »
India’s bigwig realty develop DLF has recently announced the launch of its newest luxury residential project in Gurgaon. The project, located in Sector 81 in Gurgaon, is named ‘The Ultima.’ It is one of the several gated projects within DLF’s sprawling 600-acre integrated city project, the DLF Garden City. The new ‘The Ultima’ resident project [...] Continue Reading »
Unitech, Oberoi Realty, BPTP Ltd, Gaursons India, K Raheja Corp, Amrapali Group, Supertech Ltd, Tata Housing Development Company, Ansal Properties & Infrastructure, Purvankara Projects, Prestige Estates Projects, Avalon Group, Aparna Construction and Estate, Amit Enterprises Housing, Omaxe, Parsvnath Developers, PS Groups Salarpuria Group, Purohit Construction and Ambuja Neotia Group have come under the radar of [...] Continue Reading »
India’s largest realty firm DLF has sought shareholders’ approval to raise up to Rs 5,000 crore through private placement of non-convertible debentures. DLF informed during a filing to the BSE (Bombay Stock Exchange) that the shareholders’ nod has been sought through a postal ballot. This approval is sought for reducing the borrowing power of the [...] Continue Reading »
The Securities and Exchange Board of India (Sebi) is all set to approve the guidelines for real estate investment trust (REITs) and other infrastructure investment trusts (InvITs) at its board meeting on the August 10 in the capital. The Narendra Modi government had announced plans for such trusts in the July 10 Budget that was [...] Continue Reading »
The Supreme Court on Monday said it will hear DLF Ltd.’s petition on August 7. DLF has placed the petition challenging the Rs. 630 crore penalty imposed by the competition commission of India (CCI) of India on the company. The court also mentioned that its July order restraining the anti-trust body from taking any action [...] Continue Reading »
On Sunday morning, Sector 33 in Gurgaon witnessed a unique situation. About 150 people who have bought apartments in Unitech Residences project at Sector 33 in Gurgaon turned up at the site with shovels, chisels and other masonry tools, to construct their unfinished apartment towers themselves. Vikram Bishnoi the president of the Unitech Residences Apartments [...] Continue Reading »
