Page 9 - Dlf

MakeMyTrip CEO, Genpact CHRO each buy Rs 33 cr apartment in Gurgaon

Rajesh Magow and Piyush Mehta each secured 6,500 sq ft apartments at The Magnolias by DLF on Golf Course Road, showing the growing demand for luxury real estate

Stocks to Watch: Allcargo Logistics, Mazagon Dock, Cochin Ship, Inox India

Stocks to Watch on December 21, 2023: Inox India will make its debut on the bourses today; Ultratech Cement has entered into an agreement to acquire 26 per cent stake in Clean Max Terra

Amidst high demand, DLF sells properties worth Rs 1,400 cr in Haryana

Realty firm DLF Ltd on Wednesday said it has sold independent floors and commercial plots for around Rs 1,400 crore in Gurugram and Panchkula, in Haryana, amid strong property demand. DLF, the country's largest real estate developer in market cap, has launched two projects in Sector 67, Gurugram and Panchkula. "We have launched and completely sold out 75 shop-cum-office (SCO) plots in our new project 'Central 67' Gurugram," DLF Home Developers Joint Managing Director and Chief Business Officer Aakash Ohri told reporters here. These 75 units have been sold for Rs 700 crore, he said, the total land size of this project is 9 acres. The prices ranged between Rs 7 crore and Rs 25 crore. Ohri said the company has launched another project 'Valley Orchard' in Panchkula where it is developing 470 independent floors. "Out of 470 units, we have launched 400 units. All of them have been sold for Rs 700 crore," he said. The company has sold floors at Rs 9,000 per square feet. Ohri noted that

Realty index surges 108% from March low; DLF, Godrej Properties soar 100%

Since March 28, the market prices of DB Realty, Puravankara, and Prestige Estates Projects have zoomed over 200 per cent

Allure of offbeat towns: After DLF, M3M plans Rs 2,700 cr Panipat project

Key locations in North India that have caught the attention of buyers and developers alike include Panchkula, Sonipat, Panipat, Karnal, and Meerut

Stocks to Watch: Sun Pharma, Infosys, Dixon, DLF, Mankind Pharma, SpiceJet

Stocks to watch on December 12, 2023: Sun Pharma has increased its offer price for acquiring remaining shares of Taro Pharma to $43 per share in cash, compared to $38 before

Realty firm DLF CFO Vivek Anand resigns, MD Tyagi given additional charge

Realty firm DLF on Monday said its Chief Financial Officer (CFO) Vivek Anand has resigned from the company. He will continue as CFO till February next year. DLF MD Ashok Kumar Tyagi, who has the overall responsibility for all corporate functions including Finance, will now have oversight of the Group Finance, IT, and secretarial functions in addition to his current responsibilities as Managing Director, the company said in a regulatory filing. "...after a stint of over 4 years, Vivek Anand, Group Chief Financial Officer, has decided to move on from the company, to pursue other career avenues." Anand has played an important role in strengthening the finance organization, systems and controls over the past 4 years, DLF said. "His resignation letter dated 11th December 2023 has been accepted by the Audit Committee in its meeting held on 11th December 2023 which placed on record their appreciation for his contributions to the company," DLF said. Anand will continue in his role until

DLF mulls first bond issue in three years amid revival of real estate mkt

"It is difficult to pinpoint the exact timing (of the issue), as the talks are at a very basic stage," the banker said

ED searches realty major DLF in money laundering case against Supertech

The Enforcement Directorate has searched the premises of realty major DLF in Gurugram as part of a money laundering investigation against real estate firm Supertech and its promoters, official sources said Saturday. The central agency has recovered some documents during the action that was carried out over the past few days, they said. The action is linked to the ED investigation against Supertech, the sources said. An email sent by PTI to DLF did not elicit an immediate response. The ED had arrested Supertech promoter R K or Ram Kishor Arora in this case in June. It had then alleged that Arora was the main controlling person of the group who decided to "divert" crores of funds of investors and homebuyers to various shell companies. The money laundering case, filed under the criminal sections of the Prevention of Money Laundering Act (PMLA), stems from as many as 26 FIRs registered by the police departments of Delhi, Haryana and Uttar Pradesh against Supertech Limited and its gro

DLF to buy residual stakes in entities owning land in Gurugram for Rs 40 cr

Realty major DLF will acquire residual stakes in certain entities that own 63 acres of land parcels in and around Gurugram for around Rs 40 crore. DLF acquired development rights of these land parcels during 200910. In a regulatory filing on Tuesday, DLF said the finance committee of its board has approved the acquisition of around 5.22 per cent shareholding in Invecon Pvt Ltd and 4.48 per cent and 3.24 per cent shareholding in its affiliates namely Vikram Electric Equipment and Uni International, respectively. These entities are collectively referred to as 'land owning companies'. The land-owning companies collectively hold around 63 acres of land parcels in and around Gurugram, for which the company already has existing agreements. DLF said it is executing definitive agreements with the sellers and the land-owning companies along with its six other affiliates. After execution, these land-owning companies and six affiliates would become subsidiaries of the company. The considera

Samvat 2080: Stock picks from Anand Rathi, Nirmal Bang, Sharekhan, Axis Sec

Here's a list of stocks recommended by top brokerage and research firms that can help you build your portfolio this Diwali.

DLF, Oberoi Realty zoom up to 70% so far in 2023; will the rally last?

Charts suggest that the bias for the realty stocks is likely to remain favourable as long as they hold these key support levels.

Launch portfolio to support sales momentum for real estate major DLF

The sales in the quarter were led by the premium Camellias project which had bookings of Rs 720 crore

DLF's sales bookings rise 9% to Rs 2,228 crore during Jul-Sep quarter

Realty major DLF has achieved a 9 per cent growth in sales bookings to Rs 2,228 crore during the second quarter of this fiscal mainly on better demand for its luxury housing project. According to its investors' presentation, DLF clocked sales bookings of Rs 2,228 crore during the July-September period of this fiscal from Rs 2,052 crore in the year-ago period. DLF sold 14 units at its super-luxury housing project 'The Camellias' for Rs 720 crore during the second quarter of this fiscal. The company sold commercial units worth Rs 160 crore. In a statement, DLF said, "Our new products and existing inventory continue to evince strong customer interest. Our super luxury offering - The Camellias in DLF 5, Gurugram, saw healthy demand during the second quarter and continues to set new benchmarks vindicating strong demand for high quality residential products backed by a strong brand". DLF said it continues to see sustained demand momentum across all segments and hence keeps a positive ...

Stocks to Watch: TVS Motor, RIL, Tata Motors, Marico, DLF, Triveni Eng, P&G

Stocks to watch on October 31, 2023: Reliance Jio has made a contrarian call vis-a-vis competitors by deciding not to raise the 5G tariff, which is currently at the same level as 4G

DLF Q2 results: Net profit up 31% to Rs 623 cr on higher revenue

Realty major DLF on Monday reported a 31 per cent rise in consolidated net profit to Rs 622.78 crore for the second quarter of this fiscal year on higher revenue. Its net profit stood at Rs 477.04 crore in the year-ago period. Total income increased to Rs 1,476.42 crore from Rs 1,360.30 crore in the corresponding period of the previous year, according to a regulatory filing. During the April-September period of this fiscal, DLF's net profit rose to Rs 1,149.78 crore from Rs 946.61 crore in the year-ago period. Total income grew to Rs 2,998.13 crore in the first six months of this fiscal from Rs 2,876.78 crore earlier.

Wealthy Indian diaspora wooed by DLF to buy luxury apartment for investment

Earlier this year, DLF had sold 1,137 apartments costing almost a million dollars each in just three days

Realty shares in focus; Prestige, Godrej Properties, DLF rally up to 10%

The S&P BSE Realty index up 3 per cent was the top gainer among sectoral indices on Tuesday.

Stocks to Watch today: Bajaj duo, LIC, JSW Infra, Adan Ent, HDFC Bank, DLF

Stocks to Watch on Wednesday, October 4, 2023: Bajaj Finserv's insurance arm, Bajaj Allianz General Insurance has received a show cause notice alleging a tax demand of Rs 1,010.05 crore

DLF's rental arm DCCDL raises Rs 1,100 cr through issue of debentures

DLF's rental arm DCCDL has raised Rs 1,100 crore through issuance of non-convertible debentures on a private placement basis. In a regulatory filing on Thursday, DLF informed that the DLF Cyber City Developers Ltd (DCCDL) board has approved the allotment of debentures. DCCDL said that the securities allotment committee of the Board of Directors has approved the allotment of 1,10,000 senior, listed, rated, secured, redeemable, transferable, rupee-denominated NCDs (Non Convertible Debentures) of the face value of 1 lakh each on a private placement basis to eligible investor(s). The size of the issue is Rs 1,100 crore. These NCDs will be listed on the BSE. The coupon rate is 8.25 per cent per annum. The maturity is August 17, 2033. DCCDL is a joint venture between DLF and Singapore sovereign wealth fund GIC. DLF holds a 66.67 per cent stake while the GIC has a 33.33 per cent stake in the DCCDL. DLF holds the bulk of its rental assets (offices and shopping malls) through DCCDL. DCCD