Page 5 - Dlf

DLF acquires nearly 50% stake in DLF Urban from GIC for Rs 497 crore

Real estate major DLF has acquired nearly 50 per cent stake in its arm DLF Urban Pvt Ltd from Singapore-based GIC for Rs 497 crore. With this deal, DLF will have 100 per cent stake in DLF Urban Pvt Ltd, which has already completed a luxury housing project in the national capital. DLF's wholly-owned subsidiary DLF Home Developers Ltd (DHDL) has "acquired 49.997 per cent of the total paid-up equity share capital and compulsorily convertible debentures held by Reco Greens Pte Ltd in DLF Urban Pvt Ltd, a subsidiary of DHDL." Reco Greens Pte Ltd is a subsidiary of Singapore sovereign wealth GIC. A Securities Purchase Agreement was executed on March 25, 2025 amongst DHDL, Reco and DLF Urban Pvt Ltd (DUPL), DLF said in a regulatory filing on Tuesday. Post this acquisition, the holding of DHDL in the share capital of DUPL has increased from 50.003 per cent to 100 per cent. Consequently, DUPL has become a wholly-owned subsidiary of DHDL and also of DLF Ltd. The cost of acquisition stood a

DLF acquires 49.99% stake in DLF Urban from GIC arm for Rs 497 crore

Realty major DLF has acquired a nearly 50 per cent stake in its arm DLF Urban Private Limited for Rs 497 crore from Singapore's Reco Greens. With this deal, DLF will have a 100 per cent stake in DLF Urban, which has developed a luxury housing project in the national capital. Reco Greens is an affiliated company of Singapore's sovereign wealth firm GIC. In a regulatory filing on Tuesday, DLF informed that its subsidiary DLF Home Developers had "acquired 49.997 per cent of the total paid-up equity share capital and compulsorily convertible debentures held by Reco Greens Pte Limited in DLF Urban Private Limited, a subsidiary of DHDL (DLF Home Developers)". A securities purchase agreement was executed on March 25 among DLF Home Developers, Reco Greens and DLF Urban. Post this acquisition, the holding of DLF Home Developers in share capital of DLF Urban has increased from 50.003 per cent to 100 per cent. Consequently, DLF Urban has become a wholly-owned subsidiary of DLF Home Develope

DLF rises 3% post analysts meet; here's brokerage analysis on stock

Kotak Institutional Equities reckons that the Street's concerns about a slowdown in real estate, especially in Gurgaon, may be overplayed

Real estate major DLF eyes Rs 74k cr in sales from new housing projects

Realty major targeting luxury housing market with products totalling 26 million square feet in pipeline

DLF to invest ₹20,000 cr in housing projects, eyes ₹43k cr surplus cash

Real estate major DLF Ltd will invest around Rs 20,000 crore over the next few years to complete the construction of its already launched residential projects. DLF will generate around Rs 43,000 crore of total surplus cash potential from the launched projects. In a corporate presentation uploaded on stock exchanges' website on Friday, DLF shared the growth strategy of its development (housing) business and annuity business, which is building rent-yielding commercial projects. As per the presentation, the "total pending cost to complete all launched projects" is around Rs 20,000 crore. In the last few years, DLF has launched many housing projects in Gurugram, including the ultra-luxury project 'The Dahlias', which has a revenue potential of around Rs 35,000 crore. DLF also informed that the company had Rs 9,000 crore cash balance at the end of the December quarter and the customers receivables from housing units sold stood at Rs 30,000 crore. The estimated cash surplus from invent

DLF to invest Rs 20,000 crore in commercial real estate expansion

Real estate major DLF plans to invest around Rs 20,000 crore in the medium term to develop commercial properties, including office and retail spaces. In a corporate presentation uploaded on stock exchanges, DLF shared the growth strategy of its rental business. "Significant growth capex being committed for growth," the company said, adding that an incremental capex of around Rs 20,000 crore is planned in the medium term. These commercial assets will be developers in parent DLF Ltd and also in joint venture firms including DLF Cyber City Developers Ltd (DCCDL). In its annuity business, DLF has a strong operational portfolio of around 44 million square feet of rental assets, with high occupancy levels of 93 per cent. The portfolio is set to reach 73 million square feet in the medium term. The DCCDL, a joint venture between DLF and GIC, holds the bulk of rental assets of the DLF group. DLF has a 67 per cent stake in the JV firm. "High quality owned land bank available for sustainabl

DLF, Raymond: Nifty Realty index zooms 10% this week; more steam left?

Nifty Realty Index -- the gauge for stocks of real estate companies -- has surged 10.2 per cent, so far, this week

DLF to invest Rs 6K cr to construct office, retail spaces in Gurugram

Realty firm DLF's rental arm will invest around Rs 6,000 crore to construct 75 lakh square feet of prime office and retail spaces in Gurugram to tap demand for top-quality green commercial properties. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm. In its latest investors presentation for the third quarter of this fiscal, DLF informed that its rental arm DCCDL has commenced construction of 5.5 million (55 lakh) square feet of Grade A plus office spaces in the new phase of its ultra-premium commercial project 'DLF Downtown, Gurugram'. Besides, DCCDL has also commenced construction of DLF Mall of India, Gurugram, with a total area of 20 lakh square feet. Already, 3.7 million (37 lakh) square feet area has been completed so far. According to sources, the total investment in the construction of this office complex and a shopping mall would be around Rs 6,000 crore. The

DLF, Doms, KPIT: 5 stocks ideas to gift your beloved this Women's Day

Here's a trading guide for 5 stock investment ideas that can potentially generate up to 21 per cent wealth basis on technical analysis.

Stocks to Watch, Feb 20, 2025: Religare Ent, Waaree Energies, Bharat Forge

Stocks to Watch, Feb 20, 2025: From Religare to Waaree Energies, here are few stocks that will remain on investors' radar today

DLF, Sobha, Mah Life: Nifty Realty faces 24% downside risk; key levels here

The Nifty Realty index has plunged 29% from its peak, and is seen testing support at its 100-WMA for the first time since April 2023. Here are the key support levels to watch out for.

Camellias to Dahlias: Can DLF sustain its luxury real estate boom?

DLF has defied the downturn with record-breaking bookings.

Godrej sells Rs 28,800 cr worth properties in 2024, tops listed firms

Godrej Properties has sold properties worth Rs 28,800 crore during the 2024 calendar year, highest among all listed real estate companies in India, on strong demand for its housing projects across many cities. Realty major, DLF -- the country's largest real estate firm in terms of market capitalisation -- sold properties worth around Rs 20,650 crore during the last calendar year mainly on high demand for its ultra-luxury housing project 'The Dahlias' in Gurugram where it sold properties in a price range of Rs 55-150 crore per unit. In an investors presentation, Godrej Properties said, "Highest ever booking value and area sold achieved by any listed real estate developer in a calendar year. Booking value grew 69 per cent to Rs 28,800 crore from sale of 26.38 million square feet of area, a volume growth of 54 per cent." The company highlighted that the Delhi-NCR market contributed maximum pre-sales in the last calendar year at Rs 9,936 crore followed by Mumbai Metropolitan Region (MMR

DLF, Lodha: 5 real-estate shares that can gain upto 16% ahead of RBI Policy

The Nifty Realty index has surged 14% in the last 7 trading days, with select stocks rising up to 27% in anticipation of a rate cut in the upcoming RBI Policy. Here's technical view on realty stocks.

Budget 2025: Realty stocks gain on Rs 96.77-cr outlay for urban development

Nifty Realty index surged 1.88 per cent in intra-day trade, driven by investor optimism after Finance Minister Nirmala Sitharaman announced a Rs 96,777 crore allocation for urban development

Check today's stock pick, Nifty outlook by Vinay Rajani of HDFC Securities

Stocks to Buy Today, Jan 29: DLF share price formed an Inverted hammer candlestick pattern on January 27, 2025

Dahlias super-luxury project lays strong growth foundation for DLF

DLF sold 173 units with a total area of 1.85 million square feet (msf) at an average realisation of Rs 70 crore per residence

DLF shares: Dahlias' strong pre-sales trigger bullish calls by analysts

DLF's robust pipeline, including unsold inventory at Dahlias worth Rs 23,000 crore, along with upcoming launches in Goa and Gurugram, analysts believe, is expected to continue supporting strong sales

DLF sells 41% units of super luxury Dahlias project in nine weeks

Buyers now more involved in ultra-luxury housing, says DLF Home Developers Joint MD

DLF's $4 billion ultra-luxury Indian project to take 4 years to build

Around 173 of the 420 units on offer have already been sold at $8 million each, and the $4 billion project is effectively being priced at $742 per square feet, DLF says