DLF
The largest Real estate firm of the country, DLF says that they received Rs 93.5 crore from IDFC for acquiring IT park project in Noida. In November 2011, the IDFC has purchased 100 percent shares of Galaxy Mercantile. The Galaxy Mercantile is the joint venture of DLF subsidiary DLF Home Developers and realtor, the 3C [...] Continue Reading »
The Ambience U-turn in Gurgaon has been closed for commuters by National Highways Authority of India (NHAI). It is a prominent turn and will affect hundreds of families living in residential areas around the mall as well as those coming from IFFCO or Shankar Chowk. The commuters will now have to take a detour to [...] Continue Reading »
Being developed in association by mortgage regulator National Housing Bank and Indian Banks’ Association Greenfield housing projects will soon come under a new rating system. The whole idea of rating intended to encourage lenders to give loans at discounted rates to individuals buying units in projects rated highly by NHB-IBA. It will in turn encourage [...] Continue Reading »
After imposing a heavy fine of Rs 1,773 crore on state-owned Coal India Ltd, CCI is now planning to impose fine on DDA. According to a current report by the competition watchdog’s director-general (investigation), it is found that DDA is exploiting its dominant market value through its housing sale practice. A senior official says that we [...] Continue Reading »
In the permission given to the country’s largest real estate company DLF to construct a high-rise luxury apartment complex in the vicinity of Rashtrapati Bhavan, the CBI has not found any criminality which had led to security concerns. In July last year, the CBI had registered a preliminary inquiry against unknown officials of Urban Development [...] Continue Reading »
The objection for construction of the apartment building in the vicinity of the Rashtrapati Bhawan has been withdrawn last year by the Central government. The change of land use, which was necessary for real estate major DLF to construct the building has also approved by the the Union urban development ministry. Earlier there were reservations [...] Continue Reading »
The Competition Commission of India (CCI) will hear a complaint of ‘abuse of dominant position’ against real estate major DLF in next 10 days. This is actually regarding an upcoming project in Gurgaon. According to competition law experts, the court will examine all the aspects of the complaint along with the proof, if any, before [...] Continue Reading »
The bottom line of real estate developer DLF may not be significantly impacted by stake sale in Aman resorts. In the past one year, DLF’s stock has decreased by nearly 50% mainly because of company’s lacklustre operational and financial performance. The demand in NCR is not very healthy due to subdued macro environment. The company [...] Continue Reading »
DLF, India’s largest realty firm, said on Monday that following the scrapping of Rs. 6000 Crore project that it had bagged from the DDA in July 2007, it had received a refund of Rs. 675.81 Crores from the agency. DLF would now have to return the 35 Acres of land that it received from DDA [...] Continue Reading »
DLF presents DLF the Sky Court, a new destination for the luxury lover investors located in Sector-86, Gurgaon. A new complex with strong and powerful architectural vocabulary in Mediterranean style. Every individual apartment has large continuous balconies, which becomes an outdoor space binding the entire apartment. The project is expected to be completed by 2017. [...] Continue Reading »
