Page 23 - Dlf

DLF net profit plummets 46% to Rs 98 cr

Total income fell to Rs 2,178 crore, against Rs 3,110 crore in the year-ago period

DLF Noida mall in CBRE list of 22 best global retail projects

In April last year, DLF formally opened its 2 million sq ft shopping mall in Noida

Rental sales will be the key trigger for realty major DLF

Residential sales likely to be muted in the near term given demonetisation and deferment in purchases

CCI dismisses complaint against DLF

The complaint was filed by three individuals who had booked one residential flat in each of the two residential projects

Stake sale in DLF arm to be a close contest between GIC & Blackstone

The difference in bids is Rs 400 crore-500 crore

DLF to invest Rs 500 cr on developing IT park in Chennai

The company has an IT SEZ in Chennai, comprising 5.7 million sq ft of area

DLF exits cinema biz, sells 7 screens to Cinepolis for Rs 64 crore

DLF had in May entered into an amended agreement to sell its 32 screens of DT cinemas to PVR at revised rate of Rs 433 crore

DLF close to 40% stake sale in rental assets arm

The company expects to receive binding, updated bids in the form of shareholder agreement once the shortlisted bidders complete due diligence

DLF net profit doubles to Rs 261 cr

Income from operations dips 22% to Rs 1,867 cr

DLF plans to raise up to Rs 2,500 crore via NCDs

The money raised will be utilised to reduce debt; DLF had a net debt of Rs 22,202 crore at the end of the last fiscal

DLF to build 3 mn sq ft of commercial space in FY17

The company till now has developed 27 million sq ft of commercial space

DLF's rental arm stake sale by Sep, may fetch Rs 12,000 crore

Three global institutional investors - Blackstone, GIC and Abu Dhabi Investment Authority - have been shortlisted as buyers in DCCDL

DLF, Blackstone restructure shareholding in five land parcels

DLF and Ridgewood Holdings have divided five undeveloped land parcels of about 500 acres in Bengaluru and Chennai

Odisha extends validity of DLF's consent order

The extension of validity order by DLF is subject to revalidation of environment clearance for the project

Odisha pollution board gives DLF more time to build IT park

The first phase of the project is ready for commercial operations

DLF debt-reduction exercise is easier said than done

DLF has been selling complete businesses or stakes to reduce its mountain of debt, but has largely been unsuccessful in bringing down its debt pile

DLF draws plan to repay residential business debt

Reports say DLF promoters will infuse Rs 10,000 crore in the company through preferential allotment after they sell 40% in DLF Cyber City Developers

Real estate shares in focus; DLF hits 52-week high

DLF, Unitech, HDIL, Sobha, Oberoi Realty, Indiabulls, Kolte Patil, Godrej Properties and DB Realty were up 2%-10% on the BSE.

Pay 12% per annum for delaying flats: Apex consumer panel to DLF

The apex consumer commission today slapped a penalty of 12 per cent per annum on real estate major DLF Ltd to be given to 50 buyers for delaying giving possession of their flats in its Panchkula project in Haryana, saying it amounted to "cheating". The National Consumer Disputes Redressal Commission (NCDRC) bench headed by Justice J M Malik directed the firm to hand over the apartments to buyers as per a list proposed by DLF for scheduled possession, failing which it will have to pay a penalty of Rs 5,000 per flat per day to the buyers till the project is completed. The bench noted that the firm had to give the possession of the property within three years including the grace period from the date of letter of allotment till possession was to be given by 2013. After this, it will have to pay interest till the period it has now proposed before the commission, it said. If the flats are not given till the period now proposed by the firm, it will carry a penalty of Rs 5,000 per day till

DLF to sell 32 screens to PVR for revised price of Rs 433 crore

DLF operates the multiplex arm DT cinemas and exhibition business under its subsidiary DLF Utilities