The land was acquired in an auction for Rs 1,750 crore in 2009-10. The allotment was challenged by farmers and a village panchayat in 2011. In 2012, the HC asked DLF not to carry out any construction or create third-party rights on the lot.

This the second blow to DLF in the past week. The Supreme Court had on August 27 directed the company to deposit Rs 630 crore in its registry within three months, rejecting its request to stay the order of the Competition Commission of India (CCI) that had imposed the penalty over unfair trade practices.

Apartment owners at Belaire, in the process of selling their units are adding a clause in the sale deeds that if compensation is granted, they - not the buyers - will have the right to claim it.

Following a petition by flat buyer associations of two DLF projects in Gurgaon — DLF Park Palace and The Belaire — CCI had in 2011 found DLF abusing its dominant position.

In a filing to the BSE, DLF informed that shareholders nod has been sought through postal ballot for reducing borrowing power of the company's board of directors to R30,000 crore from earlier R50,000 crore.

'DLF Mall of India' with 2 million sq ft of leasable area is being developed in Noida in the National Capital Region at an investment of Rs 1,100 crore and touted as one of the biggest in the country.

Reits are pooled investment vehicles for this sector. They are tax-efficient, distributing 90 per cent of the income as dividend.

The net profit stood at Rs 181.2 crore in the same quarter of last year. The total income from operations also declined by 25 per cent to Rs 1,725.2 crore in April-June quarter this year against Rs 2,314 crore in the corresponding period of the previous year.

In May, DLF had launched the country’s first Commercial Mortgage Backed Securities (CMBS) to raise R525 crore against a shopping mall DLF Emporio in New Delhi.

Apart from real estate developers, global investors such as Blackstone and Brookfield also could look at launching Reits, analysts said.