Vadra launched Skylight Hospitality four months after the DLF shares got listed, amid complaints of inadequate disclosure from investor associations and former business partner Kimsuk Krishna Sinha.
Buoyed by the recovery in the real estate sector, realty giant DLF on Thursday said it will hire people to sustain growth of the company.
Realty major DLF and Bharat Hotels, owners of The Grand group of hotels, are working towards a joint venture for developing and running hotels. While DLF will own the land and be in charge of the actual construction of hotels, the latter will operate
It was an individual complainant, seeking action against Rs 34 crore (Rs 340 million) he was allegedly duped, and "sham transactions" involving three 'housewives' that has led to regulator Sebi coming hard on the country's biggest real estate developer DLF and its top executives.
DLFknowingly suppressed material facts: Sebi
Activist Arvind Kejriwal on Sunday described the clarifications of realty major DLF on his allegations that Robert Vadra was given property at throw away prices for government favours as "half truths and lies".
Real estate major DLF has come under the scanner of central revenue officials for allegedly evading service tax to the tune of about Rs 30 crore.
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Owners selling apartments are putting in a clause that if final order allows original buyers to get compensation.
CCI has accused realty player DLF of preparing one-sided agreement with home buyers
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.
As it battles pre-IPO hiccups in a volatile market, construction major DLF was caught on the wrong side, the second time in the last three months, by Monopolies and Restrictive Trade Practices Commission who found the builder guilty of "unfair trade
Real estate giant DLF on Wednesday revived the process of entering the capital market through its initial public offer, being touted as the country's largest, to raise about Rs 13,600 crore
We are looking at all hotel segments-super luxury, four star, budget, business hotels and even service apartments.
The affidavit was filed following a direction from the tribunal last Thursday.
Amid allegations, the Street is divided on how things will shape up going head. Analysts feel the stock could see increased volatility and remain under pressure in the near term.
DLF extends fall on corporate governance issues, down 10% in two days DLF is trading lower by 2.2% at Rs 219, extending its previous day's over 7.4% after Arvind Kejriwal, a social activist-turned-politician has accused the real estate developer of favouring Robert Vadra, son-in-law of Congress chief and the UPA Chairperson Sonia Gandhi, with easy loans for some undue gains.
According to sources, DLF raised the funds through issue of bonds with maturity period of five years with coupon rate of 12.5 per cent.
DLF's upcoming project Mall of India in Noida, projected to be one of the largest in the country, has been served a notice to stop all construction activities till a clearance from the National Board for Wildlife is obtained.
The company will finalise the final pricing for allotment of shares later.
Kapil is known to be a keen golfer, whose handicap was almost down to scratch at one time.
Sebi had imposed penalties on DLF, for entering into sham transactions.
KK Sinha is a director in 2 firms - Gobinda Tea Trading and Kriti Infrastructures.
These are the top buyers of the scrapped electoral bonds, the data for which was released by the Election Commission on Thursday.
The country's largest real estate player, DLF, on Friday said it has approached the government for surrendering four of its IT-ITeS notified special economic zones (SEZ).
Though the family controls and runs DLF, CFO Ramesh Sanka is said to be playing a key role in mapping the group's future strategy -- including the move to, now, construct lower-cost housing.
CLSA has downgraded select real estate stocks and expects most counters from this sector to consolidate in the months ahead after the sharp run seen in them in the last few months. Most positive factors in terms of a pick-up in housing demand and office space absorption, it said, are already priced in. "We expect housing industry demand to grow around 12 per cent in 2024 and for large developers to outpace industry to grow at 15 - 20 per cent.
The SAT asked Sebi as to what it was doing all these seven years and why it did not object to the revised IPO documents.
After hearing the petition, filed by the country's largest real estate developer last week, the Tribunal adjourned the matter till October 30 next week, as it sought a response from capital markets regulator Securities and Exchange Board of India on DLF's plea for an interim relief.
The liquidity squeeze-induced slump in demand has forced real estate leader DLF to fire some employees, put a number of hotel and housing projects on hold and yearn for 7 per cent home loan rates.
The DLF group has deferred the Singapore listing of DLF Office Trust, the real estate investment trust of DLF Asset, till the market condition improved, said sources close to the Gurgaon-based real restate group. DLF Asset has received investments worth $600 million from hedge fund DE Shaw and Lehman Bothers. DLF may now raise Rs 2,000 crore through private trusts or a private placement by March end.
Jyoti Randhawa edged out veteran Mukesh Kumar by one stroke to retain the DLF Masters crown at the DLF Golf and Country Club in Gurgaon on Sunday.
India's leading real estate developer DLF Ltd bagged the title sponsorship rights for the Indian Premier League extravaganza that is set to kick off on April 18 for Rs 40 crore per annum.
Rahul, son of K P Singh's elder daughter Renuka, has joined DLF India Ltd as a 'senior management trainee' with a pay package of Rs 57,725 per month, besides other benefits.
This will help DLF cut its debt of Rs 22,519 crore.
In a setback to DLF, the competition Appellate Tribunal on Monday upheld the CCI order imposing Rs 630 crore penalty on the realty major for unfair business practices.
Realty major DLF's promoter Pia Singh on Tuesday picked up more than 1 crore shares of the company for Rs 194 crore from another promoter entity.
DLF has a land bank of 295 million sq ft, of which 50 million sq ft is under development.
15-acre complex to come up in Gurgaon in tie-up with US mega-realtor
Two-time winner Jyoti Randhawa, brought home a brilliant card of five-under 67 to grab a narrow one-stroke lead at the Rs 95 lakh DLF Masters golf tournament in Gurgaon, on Wednesday.
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