DLF aims at more leasing revenue
Posted on 17th February 2016 |
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DLF, the country's largest real estate company, is aiming to increase its office and retail supply to 36-40 million sq ft in the next two to three years. Currently, its office and retail space covers around 31 mn sq ft, of which two mn is vacant. It plans four mn sq ft of new office space in Gurgaon and Chennai in the next two to three years. It has also started evaluating projects in Pune and Hyderabad, to add another three mn sq ft. DLF's target is to increase rental revenues from Rs 2,400 crore now to Rs 3,000 crore by the end of the next financial year. |
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DLF to launch new luxury property, bring in more brands in Emporio and Promenade malls
Posted on 16th February 2016 |
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NEW DELHI: The luxury retail arm of real estate major DLF plans to launch a new luxury property, The Chanakya, and bring in brands such as Longchamp, Hunkemoller, G Star Raw, Juicy Couture, La Perla and Chanel Beauty to its Emporio and Promenade malls this year, a top official said. "It's a very exciting time for retail and we are excited that new brands looking to enter the country are doing it with us," said Dinaz Madhukar, senior vice president at DLF Luxury Retail. |
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Blackstone, GIC eye 40% in DLF arm
Posted on 8th February 2016 |
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New Delhi: Blackstone, GIC, Canada Pension Plan and Qatar Investment Authority are among the 25 global investment firms that have shown interest in buying DLF promoters' stake in its rental arm, a deal estimated at about $2 billion. DLF, the country's largest realty firm, had in October last announced that its promoters will sell their 40% stake in the DLF Cyber City Developers (DCCDL). DLF owns the remaining 60% stake in DCCDL, which holds its bulk of office and retail complexes. The promoters will re-invest a significant part of the amount realized from the sale into DLF. |
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DLF gears up for promoters’ stake sale in commercial office portfolio
Posted on 4th February 2016 |
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Bengaluru: Investors will closely watch developments related to DLF Ltd’s plan to partly sell its commercial office portfolio in the coming months, after the country’s largest developer struggled to sell homes in the December quarter and land sales masked poor operations. In a post-earnings conference call with analysts on Wednesday, DLF’s top officials said that details of the transaction will be shared with prospective investors by the end of this month. |
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DLF posts 24% jump in consolidated net profit at about Rs 164 crore during Q3
Posted on 3rd February 2016 |
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DLF, India’s largest real estate firm, has posted a 24 per cent rise in its consolidated net profit at Rs 164 crore for the December 2015 quarter against Rs 132 crore in the year-ago period on the back of higher sales and one-time gain from stake sale deal with Singapore’s GIC. Income from operations grew 44 per cent to Rs 2,828 crore during the quarter under review December from Rs 1,957 crore a year ago. |
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DLF plans to complete structure before putting property on sale
Posted on 30th January 2016 |
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With the sales of residential units having fallen in eight of the past nine quarters, DLF is looking to change the way it sells to customers. The company said it plans to complete the super-structure first before it puts any property on sale. In the first half of FY16, DLF has been able to sell only 0.5 million sq ft of residential real estate, a 50% decline compared to sale of 1 million sq ft in the same period last year. |
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DLF gets Rs 1992 crore from GIC from stake sale in 2 projects
Posted on 23rd December 2015 |
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NEW DELHI: Realty major DLF has received Rs 1,992 crore from Singapore's sovereign wealth fund GIC, thereby completing the deal to sell 50 per cent stake each in two upcoming projects in the national capital. The country's largest realty company had in September this year had announced the stake sale in the two projects to GIC. Last month, the fair trade regulator CCI had approved joint venture with GIC for these two projects in central Delhi. |
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PVR’s acquisition of DLF’s DT Cinemas faces CCI concerns
Posted on 3rd December 2015 |
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Mumbai: India’s largest multiplex chain PVR Ltd may have to sell some of its screens in Delhi to get clearance for its Rs.500-crore acquisition of DT Cinemas, two people familiar with the development said. According to the first of the two persons, who did not want to be identified, the Competition Commission of India (CCI) has raised concerns that the deal will give the combined entity a monopoly in certain parts of Delhi. |
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DLF promoters buy 23 lakh shares; stake rises to 74.99%
Posted on 26th November 2015 |
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Realty major DLF’s promoters have bought 23 lakh shares of the company through open market transactions for nearly Rs 25 crore, raising their stakes to 74.99 per cent. The 23 lakh shares were purchased between November 23-24 from open market, the country’s largest real estate company said in a regulatory filing. |
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DLF gets CCI approval for Rs 1,990-cr deal with GIC
Posted on 16th November 2015 |
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India's largest realty firm DLF today said it has got fair trade regulator CCI's approval for the joint venture with Singapore's sovereign wealth fund GIC, which is investing Rs 1,990 crore in two projects here. The realty firm would use this fund to boost cash flow and reduce debt, which stood at Rs 22,520 crore as on September 30. |
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