YOUTH DEATH Criminal negligence case lodged after father of victim complains A case of criminal negligence has been filed against officials of DLF and Haryana Urban Development Authority (HUDA) in the DLF City police station on Sunday on the basis of a complaint by the father of the victim. Meanwhile, in the wake of mounting public anger [...]
Continue reading...Saturday, August 7, 2010
The National Textile Corporation (NTC) on Friday gotthe highest amount so far forany of its mills in Mumbai as Indiabulls InfraEstate Limitedwonthebid forthe8.3acre Bharat Textile Mills in Worli for Rs 1,505 crore. The amount is double the reserve price of Rs 750 crore set by the NTC for the online auction,which ended after three days of [...]
Continue reading...Saturday, July 31, 2010
Compared to Delhi, Mumbai will continue to have more supply of super-luxury homes There is a visible difference in the scale and volume of development in the luxury category in Delhi and Mumbai. While the high-end market of Mumbai is concentrated towards south and central region and has seen a growth of 4-and 5-BHK formats in [...]
Continue reading...Thursday, July 29, 2010
Realty major DLF on Thursday said it may withdraw from the much-hyped affordable houses, stating low margins under the scheme are unattractive as the firm grapples with 25 per cent rise in net debt to Rs 18,463 crore. Talking to analysts, DLF Executive Director Saurabh Chawla said that along with other realty firms and associations, the [...]
Continue reading...Tuesday, July 27, 2010
DLF is buying out the property arm of Dubai World, its foreign partner in the 50:50 joint venture to make Bidadi Knowledge City. A wholly-owned arm of DLF will buy out the stake owned by Limitless Group, which is a part of Dubai World, for around Rs 200 crore, a person with direct knowledge of [...]
Continue reading...Tuesday, July 27, 2010
Yet another piece of the real estate market appears to be getting back in shape. After realtors focused on the affordable housing space, where demand remained reasonable when market prices crashed two years ago, they are now launching luxury homes as the segment is witnessing early signals of an upswing in demand. Sensing this turnaround, a [...]
Continue reading...Wednesday, July 21, 2010
As part of a strategy to exit its non-core businesses, realty major DLF today announced plans to dilute the majority stake in wholly-owned retail management subsidiary DLF Brands, probably to a promoter group firm. In a filing to the Bombay Stock Exchange, the country’s largest realty company said: “The board, at its meeting on July 28, [...]
Continue reading...Tuesday, July 20, 2010
Challenging the order of a single bench of Delhi high court which allowed a real estate company to develop a residential colony on a plot near Rashtrapati Bhavan, union urban development ministry has moved a division bench against the judgment. In May this year, a single judge bench had allowed the petition of Edward Keventer Successors [...]
Continue reading...Tuesday, June 8, 2010
The government today gave the nod for the country’s largest real estate developer, DLF, to revive its plan for a special economic zone (SEZ) in Kolkata. “The Board of Approval has allowed re-notification of DLF’s SEZ in Kolkata,” Commerce Ministry Additional Secretary D K Mittal told reporters here after a meeting of the Board of Approval, [...]
Continue reading...Monday, June 7, 2010
The commission plans to probe complaints against DLF. In a bid to check the rampant malpractices in the realty sector, the Competition Commission of India (CCI) has decided to, on its accord, enquire if various developers are misleading the buyers, apart from looking into specific complaints against the market leader, DLF. Taking note of the general complaint [...]
Continue reading...Monday, May 31, 2010
Real estate companies are trying to cash in on the demand for residential and office space in Tier-II and Tier-III cities. Most of them have ambitious projects in this financial year. DLF, the largest realty firm in the country, feels with economic growth faster in the smaller cities, there will be more demand there. Its DLF [...]
Continue reading...Saturday, May 29, 2010
DLF Home Developers offers new housing project DLF Express Greens Town Houses in Gurgaon. The project DLF Express Greens Town Houses Gurgaon includes the style of international architecture. DLF Express Greens Town Houses Gurgaon is situated conveniently on Sector- M 1, Manesar NH – 8 and this site is easy accessibility to Delhi. DLF Group is [...]
Continue reading...Saturday, May 29, 2010
Realty giant DLF targets to lease out up to 4 million sq ft of commercial space and expects rental income to increase by 15 per cent in this fiscal, a company’s top official said today. “Leasing volumes of commercial space have improved for better locations. However, it is not same as it was in 2007, but [...]
Continue reading...Thursday, May 27, 2010
With improvement in the real estate sector, the country’s largest developer DLF wants to revive its plan for a special economic zone in Kolkata. The company which surrendered four SEZ projects last June due to demand shrinkage for commercial space has approached the commerce ministry for reviving the Kolkata project, an official said on Wednesday. “The [...]
Continue reading...Wednesday, May 26, 2010
Apartments likely to be in the Rs 5-10 crore range each. DLF, the country’s largest real estate company, is planning to launch its Lower Parel high-end housing project soon, said sources in the know. Touted as Mumbai’s ‘largest luxury residential project’, the project is expected to have three towers with 1,000 apartments and one of the largest [...]
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Tuesday, August 24, 2010
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