The approval was given by the Board of Approval, the highest decision-making body for SEZs, in its meeting on February 26 in New Delhi
Sales bookings of DLF, Sobha, Puravankara, Prestige Estates, Brigade Enterprises, Mahindra Lifespace Developers, Godrej Properties, Oberoi Realty and Kolte Patil have been taken into account
DLF said the company is committed to further deleveraging in the near future
Despite the fall in income, the company's net profit increased due to an exceptional gain of Rs 231 crore during the December quarter
Its net profit stood at Rs 335.15 crore in the year-ago period
DLF has office spaces spread over 32 million sq.ft of area across Delhi NCR, Chennai, Hyderabad, Kolkata, and Chandigarh
The city will become the company's second largest market after Gurugram
Deal size likely to be Rs 2,000 crore
Proof of depositing the same will be submitted to the Registrar of NCLAT within a week thereafter, the order passed on January 13 said.
The stock of real estate developer traded higher for the fifth straight day and quoted at its highest level since February 1, 2018.
The Nifty has broken down from the symmetrical triangular pattern, which is a bearish reversal pattern
While announcing Q2 results on November 7, DLF said the development business has been performing well, and achieved net sales of Rs 725 crore in Q2, and expects this momentum to sustain
Besides India, weightage of Indonesia, Thailand and Vietnam has also been cut by one percentage point each. On the other hand, exposure to Korea has been increased by 5 percentage points
Lodha Developers' M P Lodha and family has been named India's richest real estate entrepreneur with a wealth of Rs 31,960 crore followed by DLF's Rajiv Singh and Embassy group founder Jitendra Virwani in the second and third position respectively, according to a report. Hurun Report and GROHE India on Monday released the third edition of GROHE Hurun India Real Estate Rich List 2019' featuring the richest real estate entrepreneurs in India. "With a wealth of Rs 31,960 crore, Mangal Prabhat Lodha & family of Macrotech Developers (earlier named Lodha Developers) retained the top spot in GROHE Hurun India Real Estate Rich List 2019 for the second consecutive year," the report said. Lodha family's wealth increased by 18 per cent during 2019 and was 12 per cent of the cumulative wealth of the remaining 99 Indians featured on the list. "At number two is Rajiv Singh of DLF (up one rank) with a wealth of Rs 25,080 crore up 42 per cent as compared to 2018," the report said adding that ...
Sales momentum should help the company double its quarterly cash flows from the residential business over the next two quarters, as compared to the run rate it was achieving in the past
At the bourses, most real estate stocks have given a healthy return in CY19. Godrej Properties, for instance, has rallied 37 per cent.
Among banking stocks, State Bank of India, HDFC Bank and ICICI Bank could prove good bets, say analyst
According to the Anarock report, these nine players together achieved a sales bookings of Rs 22,800 crore in the entire 2018-19
DLF, the country's largest real estate firm in market capitalisation, had achieved sales bookings of Rs 1,225 crore in the same period a year ago
DLF was among the eight stocks that were included in the MSCI's India Domestic Index