Page 18 - Dlf

DLF rental arm to buy Hines stake in commercial project in Gurgaon

Realty major DLF's rental arm DCCDL has entered into an agreement to acquire the stake of US-based Hines in a premium commercial project in Gurugram for Rs 780 crore

DLF rental arm to buy Hines stake in Gurugram project for Rs 780 cr

Hines has around nearly 52 per cent stake in the One Horizon Centre while the rest is with DCCDL

Nifty Realty index rallies 4%; Godrej, DLF, Oberoi Realty gain up to 9%

In the past month, the realty index has rallied 21 per cent against 6 per cent gain in the Nifty50 index

Top headlines: CIC structures on RBI's watch list; DLF to delve in Mumbai

From CIC structures of large groups on RBI's watch list to Pfizer working on cold storage issues to ensure temperature integrity, here are top headlines this morning

After NCR, DLF to delve into Mumbai, Chennai residential-property markets

The developer started concentrating on Delhi-NCR after selling some of its land parcels in cities such as Mumbai in 2012 to reduce debt.

Will exercise first refusal on Hines stake in Gurugram property: DLF

Blackstone, Brookfield, Allianz make ₹2,000-crore bid for the property

Godrej Properties, DLF, Sobha: What lies ahead for realty stocks?

For DLF, a "Higher High, Higher Low" formation on the weekly chart illustrates a firm trend ahead.

Improving core market, consolidation and REIT listing to fuel gains for DLF

The company has plans to launch multiple projects over the next few years

DLF sells 88 independent floors for Rs 300 cr, plans more such projects

Realty majorDLF Ltd has sold nearly 90 independent floors worth over Rs 300 crore in Gurugram and plans to launch more such projects as demand for premium residential properties has revived in last few months. The company plans to launch independent floors in DLF Phase I-IV at Gurugram, New Gurugram and Panchkula among others. "Recently we launched 88 residences in form of premium independent floors (at a price point of Rs 3.75 - 4.25 crores each), spread across 22 plots, in the DLF City Phase 3...in Gurugram. These were sold out in a record time," said Aakash Ohri, Sr Executive Director Sales & Director, DLF. The company plans to launch similar products in Panchkula, Tri-city, New Gurgaon and wherever there is an opportunity in DLF phase 1 to 4, he told PTI. "With an improved attractiveness for real estate as a preferred asset class, against other traditional alternatives, home buyers are looking at safeguarding their accumulated savings by investing in a more long-term asset," ..

Nifty Realty index surges nearly 3%; DLF, Prestige Estates advance 5% each

Pick-up in demand and supportive measures from the government have aided in revival of sentiments for the sector.

DLF: Investors should await total biz recovery before considering stock

With the Cyber Park project rents commencing, expect the growth on the rental front to remain steady

DLF rental arm's REIT issue size may be far bigger than previous issues

DLF arm's REIT could come out in 12-15 months, DLF director Ashok Tyagi said in a conference call last week

DLF, ICICI Bank, Maruti Suzuki: Here's how to trade stocks post Q2 results

Major stocks are preparing for next leg of breakouts.

DLF aims Rs 2,500-crore sales booking in FY21 despite coronavirus

DLF is targeting to achieve sales bookings of Rs 2,500 crore in the ongoing fiscal, marginally better than the previous year, despite the pandemic with housing demand picking up since June onwards

DLF net profit declines 49% to Rs 227.8 cr in Q2, revenue falls 6%

Disruptions following the pandemic impacted its top line too

Realty major DLF's profit down 48% at Rs 232.14 cr in Sep quarter

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.

StanChart GBS' largest office globally coming up in Chennai's DLF Downtown

Standard Chartered GBS is leasing 770,000 sq ft to set-up its largest office establishment in this project

DLF's rental arm raises Rs 2,400 cr from SBI to fund future expansion plans

Realty major DLF's rental arm DCCDL has raised Rs 2,400 crore debt from India's largest lender SBI to refinance its existing debt and fund future expansion plans, a senior company official said. In an interview with PTI, DLF's group chief financial officer (CFO) Vivek Anand said the debt has been raised at a very attractive interest rate of 7.35 per cent, enabling the company to reduce interest cost. DLF Cyber City Developers Ltd (DCCDL), the joint venture between DLF and Singapore sovereign fund GIC, has 33 million sq ft of office and retail properties generating an annual rental income of Rs 3,500 crore. DLF holds 66.66 per cent stake in DCCDL while GIC has the rest. "DCCDL has secured funding of Rs 2,400 crore from India's largest public sector bank SBI. It sets a benchmark for lease rental discounting (LRD) in the country," Anand told PTI. The fund has been raised through the LRD route against a rental portfolio of 2.4 million sq ft area in Cyber City, Gurugram. "It is one of

Chris Wood hikes allocation to Indian equities; raises stake in HDFC

Among Indian stocks, besides HDFC, Wood also holds Reliance Industries (RIL), Maruti Suzuki, SBI Life Insurance, DLF and Cipla

DLF: Investors should be cautious given weak demand scenario, downside risk

Cost control efforts and ongoing consolidation are other triggers for the stock