Tag Archive | "dlf"
Realty: Slowdown in demand in long term likely
The Union Budget 2010 has not been able to do much for the realty sector. Though some announcements were made, a lot remained unsaid. Proposals like a one-year extension for completing housing projects to claim tax benefit or allowing a larger proportion of commercial space in township projects or one-year extension for interest rate subvention [...]
Continue reading...REALTY FIRM WANTS LUXURY HOMES ON MILL LAND, NOT MALL
Monday, March 1, 2010
India’s biggest real estate developer, DLF, has scrapped plans to construct a mall on the mill land it had purchased in Lower Parel. Instead, it will construct high- end luxury apartments — which cost between Rs 25,000 and Rs 30,000 a square foot — on the 17-acre plot that was owned by the National Textile Corporation. “We [...]
Continue reading...DLF converts Mumbai mall project into residential one
Friday, February 26, 2010
DLF, the country’s largest realtor by market value, is planning to build a premium residential apartment complex at Worli in Mumbai instead of a high-end mall project, as demand for retail spaces has come down sharply, according to a company executive. “We felt residential will do well here, and we will fix the price depending on [...]
Continue reading...DLF sells 1200 units in Panchkula in a week
Thursday, February 25, 2010
Delhi-based DLF, India’s largest real estate company by revenue, today stated that it has sold more than 1,200 units of the Panchkula Valley project in less than a week of opening sales. As against the 500 apartments of various sizes with independent floors announced under the first phase of the project, more than 1,200 bookings have [...]
Continue reading...DLF Pricing its New Delhi Housing Project 60% Higher than its Previous Launch
Wednesday, February 24, 2010
In the strongest endorsement yet of the turnaround in the real estate sector, DLF Ltd, India’s largest developer, is pricing its housing project in Delhi 60% higher than its previous launch. The project, Capital Greens 3, which is expected to be launched next month, has been tentatively priced at Rs 12,000 per square foot, according [...]
Continue reading...Govt okays Mothercare JV with DLF
Tuesday, February 23, 2010
The government has approved a proposal by UK-based retail major Mothercare to invest Rs 25.87 crore for 30 per cent stake in a joint venture with DLF Brands, the retail management arm of realty giant DLF. Mothercare, which specialises in kids and parenting products, had announced the JV last year through its subsidiary, Mothercare UK Ltd, [...]
Continue reading...Real Estate Developer Wants to Pull out Of Slum Rehab Project, Seeks Refund
Tuesday, February 16, 2010
With the Delhi Development Authority (DDA) and Delhi government’s Environment department involved in a legal tussle over whether a part of land earmarked for Tehkhand Slum Rehabilitation project is part of the ridge, the project is unlikely to see light of the day soon. As a result, real estate company Indiabulls, which was to carry [...]
Continue reading...PVR Calls off Deal with DLF Cinema
Tuesday, February 16, 2010
Multiplex operator PVR and real estate major DLF have decided to end the deal involving the sale of the cinema exhibition business of DT Cinemas Ltd, a DLF group firm. Sources said the deal has been called off as DLF could not meet the terms of the deal. They, however, added that the parties may [...]
Continue reading...DLF Chairman K P Singh urges FM to come up with Growth Friendly Budget
Tuesday, February 16, 2010
Urging Finance Minister not to be swayed by concerns on rising inflation, DLF Chairman K P Singh on Monday said the government needed to focus on growth in the forthcoming Budget to achieve 9-10 per cent economic expansion during 2010-11. “Finance Minister, in my view, should support growth and not be bothered that much about [...]
Continue reading...SEZ, DLF wants to start operations
Thursday, February 11, 2010
PLEA FOR ALTERATIONS IN LAND FOR IT SEZ TOO TO COME UP BEFORE BOARD TODAY DLF Cyber City Developers Limited, a subsidiary of M/s DLF Limited, has sought approval of the SEZ’s Board of Approval for starting authorised operations on 32,000 square metre in the non-processing area of its 10.73 hectare IT/ITSEZ in DLF Cybercity, Gurgaon. The [...]
Continue reading...DLF says sells homes worth Rs 4.8 billion in Jan
Wednesday, February 10, 2010
NEW DELHI: DLF Ltd, India’s top listed real estate firm, sold homes worth Rs 4.8 billion ($103.1 million) in January, group’s Executive Director Rajeev Talwar told reporters on Wednesday.
Continue reading...DLF to raise Rs 1,000 cr; hints at rise in housing prices
Wednesday, February 10, 2010
The country’s biggest realty player DLF today said it plans to raise Rs 1,000 crore through unsecured loans by the end of this month, while hinting that prices in the housing segment could witness an increase. We have mandated Axis Bank to raise Rs 1,000 crore through non-convertible debentures (NCDs),” DLF Executive Director (Finance) Saurabh Chawla [...]
Continue reading...Real estate: Volume play may be the only recourse
Wednesday, February 10, 2010
The Reserve Bank of India’s (RBI) recent move to discourage bank lending to the real estate sector may not have a clear cut impact on the ground, but the message is strong. With the Indian central bank ruling out another round of restructuring of real estate loans, those developers attempting to hold on to higher prices for [...]
Continue reading...DLF seeks to cut high debt cost via bonds, fx loan
Tuesday, February 2, 2010
DLF Ltd, India’s top listed real estate firm, is looking to sell 10 billion rupees of bonds and is in talks for a foreign currency loan to help reduce high-cost debt, two sources with direct knowledge of the matter said on Monday. The company is looking to sell two-year bonds carrying a coupon rate of 10 percent, [...]
Continue reading...Expect consolidation in realty: DLF chief
Wednesday, January 27, 2010
The turbulence in the country’s real estate industry is far from over despite a clear pickup in economic activity, as oversupply of residential and commercial units will continue to haunt the sector in the coming 12-18 months, said K P Singh, chairman of DLF, India’s largest realty firm. Mr Singh said the sector would witness a wave [...]
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- Tallest Indian skyscraper gets its act together
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- Industrial plots not for houses
- Khaitan IAS man to Head Delhi Real Estate Practice
Monday, March 8, 2010
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