American real estate developer Hines is planning to develop housing projects in India, in partnership with some Indian developers. American real estate developer Hines plans to enter the residential segment of India. The group plans to develop one or two housing projects. Earlier, partnering with DLF Ltd and Shyam Telecom, it had developed some commercial projects […]
Tag: Dlf
Real Estate Shares Stoop Down: Investors Troubled
January 15, 2013 – 7:09 pm
Stock experts opined that real estate shares face severe pressure to sell off. This was all the more infuriated by BSE closing its real estate index at 1,822.14 after a 3% drop. Stock market witnessed severe pressure for real estate shares to sell off. 7.8 % inflation of September had hurt the real estate investors’ […]
DLF Real Estate Firm Alleged of Acting Anti-Competitive
December 15, 2012 – 9:58 am
DLF Real estate firm is alleged of resorting to Anti-Competitive practices. The Competition Commission of India (CCI) rose in to action and has started their probe against DLF. Besides DLF, other five real estate firms are charged of resorting to anti-competitive practices. Tulip Infratech, JP Associates, Omaxe and Larsen & Toubro are they. The news […]
DLF’s Mumbai land-sources May be Bought by the Lodha Group
May 18, 2012 – 4:14 pm
Lodha Group is in advanced talks to buy a plot of land in Mumbai from DLF, the country’s largest listed real estate developer, for about $500 million, two sources with direct knowledge of the situation said. Sale of the 17-acre plot is seen as part of DLF’s plan to sell some of its assets to […]
Rift over Code of Conduct Between CREDAI and Builders
May 17, 2012 – 12:48 pm
Several developers declined to abide by the code of conduct laid down by CREDAI initially. Following this, the association has expelled several developers, while some have resigned discontinuing their involvement with the organisation. Opposing the self-regulation code, the builders refused to sign the association’s code of conduct. The bone of contention for builders was the […]
For Allotment Cancellation Competition Commission of India Pulls Up DLF
May 10, 2012 – 6:22 pm
The Competition Commission of India (CCI) has pulled up real estate major DLF Ltd in a recent order for cancelling the allotment of an apartment of a member of DLF’s Park Place RWA, stating that it was in “direct contravention” of its stay order of September 2010. The order was passed by the commission to […]
Goldman Sachs upgrade, DLF gains
April 30, 2012 – 4:12 pm
Reuters Market Eye – India’s biggest real estate developer DLF (DLF.NS) rose 3.2 percent to 188.10 rupees after Goldman Sachs upgraded its rating on the stock to “buy” from “neutral” and raised its 12-month target price to 264 rupees from 252 rupees. Goldman cited a pickup in residential launches, a recovery in commercial property, easing interest rates, […]
DLF in talks to sell Mumbai land as per a report
April 27, 2012 – 2:51 pm
DLF, India’s top-listed realtor, is in talks with three Mumbai-based real estate companies — Lodha Developers, Runwal Group and Sheth Creators, to sell a piece of land in central Mumbai, according to a report on Friday. While DLF is seeking a valuation of 30 billion rupees ($571 million) for the 6.8 hectare property, the potential buyers are negotiating at between 20 billion […]
RBI’s Rate Cut: Realty Sector Expect Rise in Property Demand
April 17, 2012 – 4:36 pm
Realty firms on Tuesday hailed the RBI’s decision to cut short-term lending rate saying the move would reduce the cost of funds to home buyers as well as developers and boost property demand. “Reserve Bank’s decision to cut the repo rate by 50 basis points and abolish pre-payment penalties is a good move for home […]
DLF and Unitech stocks up on mortgage cut.
April 4, 2012 – 11:13 pm
Real estate developers rallied after newspaper Times of India reported on Tuesday some banks were cutting home loan rates for new borrowers, sparking hope of increased property sales in the country. DLF and Unitech rose about 1% each on the report, which said that lenders Canara Bank and IDBI Bank had slashed these rates to attract new borrowers. The […]
DLF Garden City Lucknow receives the ‘Integrated Township of the Year Award’.
March 27, 2012 – 8:48 pm
Garden city, the first ever residential project in Lucknow by DLF has bagged the “Integrated Township of the Year – North India” award at the Realty plus Excellence Awards 2012, instituted by real estate monthly magazine Realty Plus. Cheered by a galaxy of realty stars, luminaries and other stakeholders present from all over the country at […]
Master Plan 2025 Revealed
December 20, 2010 – 11:13 am
The national capital’s satellite township of Gurgaon, is currently witnessing a growing trend of high rise residential apartments in its skyline. As much as 60% of the total population residing in Gurgaon lives in these high rise societies built by private developers like DLF, Unitech, Emaar MGF, among several others. Most of these colonies are […]
Apartments in Delhi by DLF
March 22, 2010 – 11:09 am
DLF, the country’s largest realty player, being a strong competitor in the residential property sector, announced flat offers in Delhi with a costing of Rs. 4 cr. Per unit at the center of the National Capital. The launch of the third phase of a housing project — Capital Greens — at Shivaji Marg, close to […]
More Cautious 2010 by Realty
March 17, 2010 – 11:50 am
Indian developers are looking forward to more feasible studies of any project before actually launching them so that they can avoid the excesses that resulted in the real estate downturn in 2009. They are sending out a message that antagonism in the market will not be accepted any more and gigantic projects will be replaced […]
DLF flats to cost more
September 15, 2009 – 4:51 pm
DLF plans to formally launch nineteen hundred apartments in its Capital Greens project in Delhi in one week. The flats will be sold for around thirty percent more than the phase-1 price of the same project signaling the company’s rising confidence in the revival of the property market. DLF intends to launch the second phase […]
DLF plan could hit barrier
July 1, 2009 – 1:19 pm
Plans by the promoters of top real estate company DLF to buy out hedge fund DE Shaw’s investment in family-owned DLF Assets (DAL) could hit a roadblock because of a little known rule in the country’s foreign exchange laws. Under a ‘put’ option signed between DE Shaw and three companies controlled by DLF-promoter KP Singh’s […]
Realtors look at ‘affordable’ flats for cash flows
December 5, 2008 – 1:57 am
After launching mid-income houses, real estate companies are now targeting low-priced homes in the sub-Rs 10 lakh category to improve cash flows and beat the slump in the property market that has been driven by high borrowing rates. Unitech, the Delhi-based property major, has applied to the Haryana government to develop houses in the Rs […]
DLF looks for distress sale
November 7, 2008 – 11:32 pm
DLF Vice-chairman Rajiv Singh says the company would try and fill the gap in its portfolio by acquiring suitable assets which come up for distress sale in a depressed real estate market. “We will be prepared to look at opportunities, but won’t pick up something just because it’s cheap. However, there are some gaps in […]
Realty stocks battered, Unitech down by over 51%
October 25, 2008 – 2:48 am
Real estate sector was the biggest loser in today’s stock market plunge, led by country’s second largest firm Unitech that witnessed a sharp fall of over 51%. The realty index witnessed a 24.4% decline, which is more than double the benchmark index Sensex fall of nearly 11%. The index has fallen by 31 per cent […]
Kolkata Realty Losing Charm
August 1, 2008 – 5:54 am
Realty firms seem to have lost their appetite for properties in Kolkata, where developers such as Emaar MGF Land Ltd and DLF Ltd were fighting to secure plots for building luxury hotels. For the first time, a tender to lease out a prime 10-acre plot on the western fringes of the city is being scrapped […]
Net Profit Of Leading Property Developers Rose In Ist Quarter Of FY09
July 31, 2008 – 4:48 am
Aided by revenues from mid-income houses, net profit of property developers, such as Unitech and Puravankara Projects, rose in the first quarter of FY09, beating analyst expectations. Unitech, the country’s largest listed developer, posted a 15.7 % growth in net profit during the quarter, mainly due to higher realisations the company made in the mid-income […]
Leading Real Estate Player Interested In Hospitality sector
July 25, 2008 – 5:06 am
Suffering from low margins, Indian developers are entering fresh businesses like retail and hotel to expand revenue stream and offset slowing demand for real estate projects due to six year high lending rates and severe financing norm. Below are a few recent investments in the hospitality sector Yatra Capital, a Jersey-based private equity firm, will […]
DLF Board Of Directors To Approve Buy-Back Of Equity Shares
July 3, 2008 – 7:10 am
India’s largest real estate company, DLF Ltd, said on 02nd july that its board of directors would meet on July 10, to consider and approve a buy-back of equity shares. The buy-back proposal comes at a time when the company has seen a sharp erosion in its share price over the past few weeks. The […]
