Realtor lines up plotted development in OMR, premium high-rise in Central Chennai and another project in Sriperumbudur
Company says it clocked record new sales in the quarter amounting to Rs 2,018 crore, reflecting a YoY growth of 97 per cent
Realty major DLF Ltd said it has sold properties worth Rs 1,500 crore in its newly launched housing project at Moti Nagar in the national capital, reflecting strong demand for luxury apartments.
DLF Ltd has reduced its net debt on improved cash flows
Demand expected to pick up; deleveraging, consolidation are key triggers
At the end of June, its net debt shrank to Rs 4,745 crore from Rs 5,267 crore in March-end
The group, through its subsidiary DLF Cyber City Developers (DCCDL), purchased 51.8 per cent stake in the firm that operates Gurgaon's upmarket commercial complex One Horizon Center
Hines had nearly 52 per cent stake in the One Horizon Centre while the rest was with the DCCDL
Indiabulls Real Estate said the affordability of real estate is at a multi-year high with declining interest rates
The company has plans to launch multiple projects over the next few years
DLF arm's REIT could come out in 12-15 months, DLF director Ashok Tyagi said in a conference call last week
New sales bookings for the quarter rose to Rs 853 crore as compared to Rs 152 crore in the previous quarter, it said.
Realty major DLF on Friday reported 48 per cent decline in its consolidated net profit at Rs 232.14 crore for the quarter ended September.
Mahindra & Mahindra, Page Industries, TVS Motor Company, and Wockhardt are among the noticeable names that are exhibiting trend reversal.
A unit of the London-based bank will lease 770,000 square feet for 15 years in the southern city, in a project being developed by DLF.
While developers say it will be a huge burden for them in addition to penalties under RERA, other experts suggest the apex court verdict would be beneficial for buyers
Construction grinds to a halt in April and May; realtors, analysts expect improvement in coming quarters
In a letter to its tenants, the realtor said it "plans to waive of the entire MG rent from the beginning of the lockdown period up till 15 June".
It had posted Rs 230 crore PBT during the corresponding quarter last year on a consolidated basis.
Singh had left an army job in 1961 to join DLF - a company started by his father-in-law in 1946 - and took over as chairman in 1995.