DLF, the country's largest property developer, might offer another three rent-free months to retailers at its malls in South Delhi, who have begun an agitation against the company.
Early last year, the company had said it aimed to reduce its debt, which stood over Rs 21,000 crore then, to Rs 10,000-11,000 crore (Rs 100-110 billion) through the sale of non-core assets and improved cash flows.
These trusts are being registered under a new framework.
The artist made a range of paintings for DLF from the mid-1960s to the late 80s.
DLF will appeal against a verdict ordering demolition of the special economic zone in Gurgaon.
DLF, the country's largest property developer, may retrade its apartments at New Town Heights, Gurgaon, and Garden City, Chennai, at a discount. This is to refund buyers who want to exit the projects, according to a senior company official.
Already partnering seven international brands such as Giorgio Armani and Salvatore Ferragamo, it also plans to tie up with 12-15 global brands in the next five years. The company plans to fund its expansion through a mix of equity and debt and go in for tie-ups through joint ventures and franchise routes. The focus of expansion would be in metros such as Delhi, Mumbai, Hyderabad and Chennai in the initial phase, the official said.
DLF, India's biggest real estate developer, has repaid dues and may not need to approach lenders to take advantage of a central banks relaxed rule that allows banks to restructure cash-strapped real estate companies loans.
The price range and size are yet to be determined, according to the term sheet, which also did not specify the timeframe.
DLF wrote to Sebi, asking if the firm's ban on securities transactions extends to mutual fund investments.
The case has also brought to limelight 'technicalities' involved in the practice of Sebi giving 'observations' and not 'approval or clearance' for an IPO
This is one of the rare orders by Sebi where it has barred a bluechip firm and its top promoter/executives.
A man allegedly killed his 23-year-old wife here and left their two-year-old son locked in a room with the body lying in a pool of blood before jumping to death from a metro station in Ghaziabad, police said on Monday.
Real estate developer DLF Ltd on Wednesday said it has secured a Rs 6,000 crore contract from Delhi Development Authority (DDA) for constructing an international convention centre in Dwarka.
The award was conferred to Singh in recognition for his valuable contribution in a capacity as Honorary Consul General of Monaco in Delhi for last 20 years.
DLF sells wind turbine projects for Rs 240.9 cr
The project called 'DLF MetroRail, Gurgaon' has been bagged on concession by the consortium for a period of 99 years to build and operate the metro system. The consortium, where DLF would have a 26 per cent stake while IL&FS would hold the rest, would invest invest Rs 900 crore (Rs 9 billion) in developing the project.
In August, the Supreme Court had said that the total amount should be deposited within 3 months with its Registry, pending the outcome of the appeal filed by the DLF against the May 19 order of Competition Appellate Tribunal's upholding the penalty imposed by CCI.
DLF has entered the elite group of companies that have a market valuation of over Rs 2 trillion.
A CBI official has clarified that the agency did not find any criminal offence again DLF regarding land rights.
In a big-ticket land deal, realty major DLF has sold 17 acres of prime land in Mumbai to Lodha Developers for about Rs 2,700 crore (Rs 27 billion), nearly four times higher than the price at which the company had bought this parcel seven years ago in 2005.
DLF opened on a weak note in the Bombay Stock Exchange on Monday at Rs 500.05 and then declined further and hit an intra-day low of Rs 488.60, a 6.43 per cent fall from its previous close. The realty major was quoted at Rs 490, down 5.76 per cent at 10.41 am and over 3.54 lakh shares exchanged hands on the BSE.
This was the first gain in the stock after four sessions of decline and DLF's market capitalisation swelled by a whopping Rs 2,148 crore (Rs 21.48 billion), to Rs 44,411 crore (Rs 444.11 billion), from Rs 42,263 crore (Rs 422.63 billion)on Friday.
The stock fell by 24.5 per cent to its 52-week low level of Rs 111.25 in opening trade at the BSE.
DLF, the country's largest realty firm, on Thursday bagged a 350-acre plot for Rs 1,750 crore (Rs 17.50 billion) in Haryana for developing a recreation and leisure project, making it one of the costliest land deals in recent times.
The development comes close on the heels of DLF's closing the Rs 325-crore (Rs 3.25-billion) deal to sell 150 MW wind turbine project in Gujarat.
Real estate major DLF Universal has withdrawn the draft red herring prospectus for its initial public offer and called off its $3 billion IPO.
India's largest real estate player, DLF, has sold its entire stake in Adone Hotels and Hospitality Limited (Adone) to Kolkata-based Avani Projects and Square Four Housing & Infrastructure for Rs 567 crore.
Leading theatre chain PVR Ltd announced a cash-and-stock deal to buy out realtor DLF group's national multiplex chain, DT Cinemas.
Its market cap jumped to Rs 1,00,053 crore (Rs 1.00053 trillion) just before today's closing and settled at Rs 99,733 crore (Rs 997.33 billion) as compared to Rs 96,575 crore (Rs 965.75 billion) on Tuesday.
Real estate firm DLF has tied-up with Jerde Partnership to create an integrated Rs 1,000 crore (Rs 10 billion) project in Gurgaon, which will house retail and entertainment units in a concept called the 'Mall of India'.
DLF launched a 100-acre township 'Alameda' in Gurgaon. In the first phase, it released 150 plots at Rs 60,000 a sq yard with inaugural discount of 10 per cent and they were sold within a few hours of the launch.
DLF had bought 17.5 acres of land in 2005 from the National Textile Mills for about Rs 700 crore (Rs 7 billion).
This comes right after DLF, the largest property developer, brought out a range of measures to soothe restive customers at a couple of other housing projects at Gurgaon. The Unitech customer ire is due to alleged delay in completion of World Spa, apartments and villas that carry an average price tag of over Rs 1 crore (Rs 10 million) per unit.
Shyam's application comes even as real estate major DLF Ltd confirmed on Wednesday that it will apply for telecom licences by Friday, the fourth real estate company to do so in the recent past.
Its net profit stood at Rs 100.05 crore (Rs 1 billion) in the year-ago period.
DLF is to divest non-core assets, including hotels and plots of land, but not Hilton JV, Delhi Aman.
While giving approval to commercially develop land in Gurgaon, the Haryana government considered Robert Vadra's name and status as proof of his company's financial capacity.
This is the third city, after Bangalore and Hyderabad, where residential projects with reduced price tags have been announced in the last few weeks. Gurgaon, Panchkula and Kochi may also see similar project launches from DLF in the coming days, an executive of the company said. The decision is in line with the company's recent announcement, which said it was strengthening its focus on the 'affordable housing' segment in select cities.
