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DLF

Real estate firm DLF sells plot in Mumbai for 2,750 crore

Real estate firm DLF sells plot in Mumbai for 2,750 crore
The country’s largest real estate developers, DLF has sold its 17.5-acre plot at Lower Parel in Mumbai to Lodha Developers for Rs 2,750 crore, making a profit of over Rs 2,000 crore over seven years. In June 2005, DLF had bought the land in Mumbai in an auction from National Textile Corporation for Rs 702.2 crore. [...] Continue Reading »

Real estate firm DLF sells off NTC Mill land parcel to Lodha Group

Real estate firm DLF sells off NTC Mill land parcel to Lodha Group
According to sources, real estate developer DLF Ltd has sealed Mumbai’s NTC Mill land deal with the Lodha group on Thursday. Although no official announcement has yet been made on the deal pegged at over Rs 2,500 crore, an announcement is expected next week. The top management of the Lodha Group is believed to be [...] Continue Reading »

Veritas analyst charged with demanding money from Indiabulls

Veritas analyst charged with demanding money from Indiabulls
Veritas, which has come up with some damning reports against Indian entities – Reliance Groups, Kingfisher and DLF in recent months, has pointed out serious irregularities at Indiabulls group in its latest report. The shares of Indiabull’s various group firms plunged sharply on the back of the report by Canada-based Veritas. A day after, Indiabulls [...] Continue Reading »

Real estate firm DLF to plans new projects in Ludhiana, Jalandhar, Kasauli

Real estate firm DLF to plans new projects in Ludhiana, Jalandhar, Kasauli
Real estate firm DLF has announced that it plans to launch new residential projects at Ludhiana, Jalandhar, Panipat and Kasauli. These projects are dubbed as part of company’s strategy to strengthen its presence outside Gurgaon. The company has not finalized the business plans entailing the investment detail in these projects. As per the company management, [...] Continue Reading »

DLF makes profit in land sale buzz

DLF makes profit in land sale buzz
The country’s largest listed real estate company, DLF‘s  shares increased by 1.2 percent of Rs 197 after a report that the company is selling its plot in Mumbai. The report said that the plot is being sold to Lodha group and a private equity company for Rs 2,800 crore. A report in Economic Times said [...] Continue Reading »

Corporates to build friendly homes for elderly and disabled

Corporates to build friendly homes for elderly and disabled
Big corporates have seemed to put emphasis on making their new projects accessible, comfortable and user-friendly for the elderly and the handicapped people. Ansal Unitech, DLF, Tata Housing, SVP Developers are designing their residential, even commercial buildings imbibed with barrier-free design with easy and convenient passage to different sections of the home in order to [...] Continue Reading »

Small realtors looking for hotels to increase project value

Small realtors looking for hotels to increase project value
While big realty players like DLF and Unitech seem likely to sell their non-core assets like hotels smaller developers realize an advantage in developing hotels as it increases project valuations. According to industry analysts, real estate players can extract the best valuation by doing mixed land development where they build hotels along with residential and [...] Continue Reading »

DLF set to sell Mumbai NTC land to Lodha

DLF set to sell Mumbai NTC land to Lodha
DLF, the country’s biggest real estate company, is set to sell its 17-acre National Textile Corporation (NTC) land in Mumbai to Mumbai-based Lodha Developers to reduce its rising debt, said market sources. The deal is estimated at Rs 2,500-2,700 crore. Lodha Developers has already paid Rs 500 crore in advance and it would pay the [...] Continue Reading »

DLF to develop Mumbai plot along with Lodha Group in Mumbai

DLF to develop Mumbai plot along with Lodha Group in Mumbai
DLF, India’s biggest real estate firm, which is looking to divest its non-core assets to trim debt, has reportedly reached an understanding with the Lodha Group to jointly develop its 17-acre Mumbai Textile mill plot. DLF had bought the land from the National Textiles Corporation for Rs 702 crore in 2005. It has since considered [...] Continue Reading »

DLF, HDIL may report a flat growth for Q2

DLF, HDIL may report a flat growth for Q2
Indian realty market witnessed nosedive in the April-June quarter of 2012. Sales volume and absorption rates were low in the residential sector. High inventory and slow execution of projects, were the major concerns. The commercial real estate market experienced low office space absorption and a slight drop in rentals in the metros. Experts feel that [...] Continue Reading »



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