DLF
With increasing debt and low sales months after months, the real estate companies have thought of going to the Institutional Placement Programme (IPP) to sell the shares to the investors. This IPP route will be taken by the builders as against the Offer For Sale (OFS) way to comply with the Sebi norms of public [...] Continue Reading »
The new monorail project will not only benefit the commuters, but the real estate of Gurgaon and Faridabad will also be impacted. The monorail, connecting Gurgaon to Faridabad, is expected to start in April or May 2013 as the trials are over. This monorail will connect areas like DLF 1, 2, 3, 4 and 5 [...] Continue Reading »
DLF has launched DLF Ultima, an ionic complex with its strong and powerful architectural vocabulary in Mediterranean style. DLF Ultima is located Sector 81, Gurgaon. DLF Ultima has large balconies with independent houses which become an outdoor space binding the entire apartment. “DLF Ultima” is a huge complex, which is separated into two smaller complexes. [...] Continue Reading »
DLF phase IV residents have come together against an illegal under-construction, seven-floor traffic police building in their area, which was originally kept for a police post. This building which is situated at the corner close to the 18 meter road is constructed by the Gurgaon Police. It is said that the Residents Welfare Association raised [...] Continue Reading »
The vacant plot in DLF City Phase 2 has sparked dispute among the residents over its use. The plot along streets N2, N11 and N12 is being kept for religious purposes. But some residents want a park constructed on it, while some other demand for a community center with a meditation hall for several years. Already [...] Continue Reading »
Real estate firm Unitech had to put a halt on their construction work at the site of its luxury project, Nirvana South Close, worth around Rs 250 crore, in Gurgaon following an order from a district court. The court ordered stay on construction work as the apartment owners’ association went to court with regard to [...] Continue Reading »
After repeated pleas to various authorities to install streetlights in their area fell on deaf ears, the residents of DLF Phase-I are planning to start an online campaign. President of H-Block RWA, DLF Phase-I says that they were trying their level best from past two years to convince every possible concerned departments to install streetlights, but no [...] Continue Reading »
New Delhi- DLF, a leading real estate developer of India, has planned to reduce its debts by 50 percent over the next three years. It is likely to achieve this through sale of its non-core assets, fresh equity shares and improved cash flows. Last week, the top executives of DLF had a meeting wherein they [...] Continue Reading »
New Delhi- Many real estate developers across India have witnessed upward slope of their profit line in the quarter of October-December 2012. There is a significant rise in property sales and customer enquiries for real estate projects in India which has resulted in increasing profits of developers. Real estate analysts observe that the sluggishness of [...] Continue Reading »
DLF, India’s largest real estate developer, is recovering after concerns over its huge debt of Rs 23,000 crore last year and lack of new launches. Last year, its realty index had fallen by 30 percent, where as, in the last three months, DLF stock had risen by 32 percent. The realty giant’s debt is expected [...] Continue Reading »
