DLF, Maxworth, Mangalam, other builders get RERA rollout notice from Haryana government
Posted on 20th July 2017 |
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The Haryana government has issued notices to 10 developers for advertising their projects without getting registered under the state’s Real Estate (Regulation and Development) Act. These developers are Chintel India, Pivotal infrastructure, Maxworth, DLF, Bestech, Tulip Infrastructure, Ambience Infrastructure, Mangalam Multiplex, Mansha Buildcon and Signature Global. |
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Poor sales push DLF's net debt up by Rs 700 cr in Jan-Mar to Rs 25,096 cr
Posted on 27th May 2017 |
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Realty major DLF's net debt has increased by nearly Rs 700 crore in January-March quarter of the last fiscal at Rs 25,096 crore as housing demand continued to be sluggish. DLF's net debt is likely to rise further due to expenses on construction to complete ongoing projects even as sales are expected to be muted for the next few quarters. |
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DLF in talks with global entities in co-work segment
Posted on 26th May 2017 |
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DLF, the real estate giant, plans a major entry into the co-work space business. It aims to lease 100,000 sq ft of prime commercial space, initially in the Delhi region and Chennai, to start-ups in the co-working sector over the next couple of years. And, is in talks with New York-based WeWork and other US and Europe-based co-work service entities. “We are looking at the space. In the next five years or so, we believe it would be around five to seven per cent of (our) total rental revenue. We have had talks with foreign players; a lot of private equity players are interested in this space,” sources in DLF said. |
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ICICI Bank, Hindustan Unilever, SBI, JBF Ind, Sintex Ind hit 52-week highs
Posted on 17th May 2017 |
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ICICI Bank, Hindustan Unilever, State Bank of India (SBI), JBF Industries, Sintex Industries, Ceat and Finolex Industries are among 34 stocks from the S&P BSE500 index that hit their respective 52-week highs in otherwise range-bound market. Bajaj Finance, Adani Transmission, DLF, Engineers India, Godrej Industries, Uflex, JSW Steel, Monsanto India, Sobha and Motilal Oswal Financial Services were also trading at their 52-week highs on BSE in intra-day trade. |
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DLF deal: Speed is of the essence
Posted on 3rd March 2017 |
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Finally, on Wednesday, realty giant DLF Ltd announced that it has struck an exclusivity agreement with Singapore’s sovereign wealth fund GIC Pte to buy out 40% of the promoter’s stake in its rental subsidiary. This much-awaited development has been the only hope for the company to extricate itself from a debt trap. However, the Street was not enthused and the stock plunged 8.1% and closed at Rs141 on Thursday. |
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DLF to sell 40% stake in rental arm to GIC
Posted on 2nd March 2017 |
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In one of the biggest real estate deals, leading developer DLF has decided to sell 40 per cent of the stake in the company’s rental arm DCCDL for an estimated Rs 12,500 crore-Rs 13,000 crore to an affiliate of Singapore-based private equity firm GIC. While around 25 companies were in the fray when talks began to find a prospective buyer in April 2016, the race had eventually narrowed down between GIC and American private equity firm Blackstone. |
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DLF net debt up 5.43% to Rs 24,397 cr on lower sales
Posted on 15th February 2017 |
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Realty major DLF’s net debt rose by Rs 1,257 crore to Rs 24,397 crore in the third quarter of the current fiscal as its cash-flows were hit due to fall in housing sales amid negative sentiment in the property market post demonetisation. DLF projected net debt to rise further as “weak sales and collections” would lead to operating shortfall of Rs 750-1,000 crore per quarter, according to an analyst presentation. |
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After banks cut lending rates, realty stocks soar; DLF, Oberoi Realty head list
Posted on 3rd January 2017 |
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Nine of the top ten realty stocks went up by 0.72% to 6.65% on January 2, after the domestic banks have started cutting lending rates after a massive inflow of deposits post demonetisation. The BSE Realty index rose by 4.23% and closed at 1,318.38 in the first session of CY2017. The biggest gainer from the realty index was DLF, up 6.65% at the end of Monday’s closing. A spurt in DLF’s volume has been registered on Monday, the volume increased by 2.27 times from last two weeks average of 9.39 lakh to 21.31 lakh. |
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DLF boss’ daughter Renuka Talwar buys bungalow in Lutyens Bungalow Zone for Rs 435 crore
Posted on 19th December 2016 |
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NEW DELHI: Renuka Talwar, daughter of DLF Chairman KP Singh, has acquired a bungalow on Prithviraj Road for Rs 435 crore in one of the biggest deals for a property in Lutyens' Delhi, according to people with knowledge of the matter. The seller was Kamal Taneja, managing director of real estate developer TDI Infracorp. Located on a 4,925 sq metre plot, the bungalow has a builtup area of around 1,189 square metre and was sold for Rs 8.8 lakh per sq m. Based on current circle rates, its value is around Rs 383 crore. |
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DLF: uncertainty continues to loom
Posted on 13th December 2016 |
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DLF Ltd’s woes did not ease in the September quarter, in spite of tall expectations. Residential unit sales were few and far between even as commercial leasing activity remained flat. The quarter’s net consolidated revenue at Rs2,226 crore just matched the year-ago period’s figure. |
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