DLF
Mumbai- Inspite of downfall in sale, the demand for ultra-luxury and luxury homes is rising in the metro cities. A few luxury residential projects were launched despite of dullness in the real estate sector, according to a report by Jones Lang LaSalle, a real estate consultancy firm. The rise in the number of high networth [...] Continue Reading »
Surendra Hiranandani, who majorly promoted the House of Hiranandani is now planning to venture into NCR to flourish its residential projects apart from just planning to expand its footprints in cities like Hyderabad and Pune. The House of Hiranandani has already set its footprint in cities like Chennai and Bangalore and is further planning to [...] Continue Reading »
A recent announcement made by the real estate developer, DLF stated that they are expecting to sell of their luxury hotel chain; Aman Resorts along with the sale of its wind power business in few months. These transactions will help the firm to achieve the net debt level of about 18,000 crore by the end [...] Continue Reading »
The Bangalore Metropolitan Task Force (BMTF) has registered a case against the real estate company DLF, a former administrator of the Bruhat Bangalore Mahanagara Palike (BBMP), and a former Commissioner of the Bangalore Development Authority (BDA). The First Information Report (FIR) registered states that a former commissioner of the BDA, the then administrator of the [...] Continue Reading »
Lodha Developers have completed the acquisition of 17-acre land in Mumbai from realty major DLF for Rs 2,725 crores. In August, DLF had announced sale of the land parcel to Lodha Developers for about Rs 2,700 crore and it has been termed the largest realty deal so far this year. DLF had bought the land [...] Continue Reading »
India Inc is unhappy with the Land Acquisition Rehabilitation and Resettlement Bill 2011 cleared by the Group of Ministers (GoM) fearing that projects costs may soar due to high land price, and cumbersome acquisition procedures. Rajeev Talwar, executive director of DLF said the Bill could affect business badly adding that projects costs will soar if [...] Continue Reading »
Brokerage firm Motilal Oswal says that DLF, India’s largest real estate firm, is one of the major beneficiaries of recent policy reform allowing 51 per cent foreign direct investment (FDI) in multi-brand retail. The recent announcement of 51 per cent FDI in multi-brand retail and relaxation of FDI norms in single brand retail is set [...] Continue Reading »
Realtors are expected to come up with a high number of project launches this festive season. Faced with uncertain demand, the past two years have seen limited project launches by real estate companies. However, it looks to change as this year, as developers have decided to launch slew of projects to generate momentum and cash [...] Continue Reading »
The recently announced retail reforms seem much needed aide for India’s biggest real estate firms such as Unitech, DLF, Oberoi Realty and Nitesh Estates. All these firms’ retail segment plans have been crumbling in the recent past and now hope resurfaces with the proposed reforms. DLF, the country’s largest real estate company, is already planning [...] Continue Reading »
As per records, Morgan Stanley, the US-based investment bank, is in the process to buy real estate firm DLF’s wind power business. It shows the bank’s heightened private equity interest in renewable assets. Morgan Stanley is keen on buying DLF’s business to consolidate wind power assets in India. DLF’s wind power business was put on [...] Continue Reading »
