DLF News

A well-known residential and commercial area in Gurgaon

In this week's Realty hot spot series, we take a look at one of Gurgaon's oldest micro-markets, the DLF sectors. It is a well-known for residential, retail and commercial destination.The DLF sectors hosts quality social and retail infrastructure comprising prominent schools, hospitals, malls and entertainment hubs. The airport is 14 kms away and the nearest railway station is 13 kms away.Properties here...

Eleven years on, DLF Express Greens home buyers yet to get possession

GURUGRAM: Almost 11 years after the launch of DLF Express Greens in Manesar, a large number of buyers of the residential project are yet to get possession of their homes. The project is one of the three affected by Manesar land scam. Homebuyers in the project say they are stuck between Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) and DLF, waiting for the verification of...

DLF-GIC joint venture to build over 2.5 million sq ft mall in Gurugram

GURUGRAM: Singapore’s sovereign wealth fund GIC is strengthening its alliance with India’s largest listed realty developer DLF as it seeks to participate in helping build the country’s biggest retail mall of more than 2.5 million sq ft, said two persons with direct knowledge of the development. The new project, a retail and commercial-led mixed-use development to be known as Down Town, will be...

DLF transfers land worth Rs 330 crore to its joint venture with GIC for settlement of dues

NEW DELHI: Realty major DLF has transferred a three acre land worth Rs 330 crore in Gurugram to its joint venture with Singapore sovereign wealth fund GIC and is in process to hand over a Noida shopping mall to settle dues. DLF owed Rs 8,700 crore to DLF Cyber City Developers Ltd (DCCDL) as on December 31, 2018. In December 2017, the realty firm DLF entered into this joint venture with GIC when DLF...

DLF’s net profit up 76% at Rs 436.56 crore in Q4 FY19

NEW DELHI: Realty major DLF Tuesday reported a 76 per cent jump in its consolidated net profit at Rs 436.56 crore for the quarter ended March on higher sales. Its net profit stood at Rs 247.73 crore in the year ago period, the company said in a regulatory filing. Total income rose to Rs 2,660.95 crore in the fourth quarter of 2018-19 fiscal from Rs 1,845.92 crore in the corresponding period of the previous...

Hines to pay Rs 900 crore for 49% stake in DLF’s proposed Gurgaon project

MUMBAI: Global realty investment, development and management firm Hines is paying Rs 900 crore to DLF for 49% stake in a proposed commercial project in Gurgaon’s Udyog Vihar. DLF has already entered into a nonbinding term sheet with a fund managed by Hines through its wholly-owned subsidiary DLF Home Developers. The DLF subsidiary will hold 51% stake in this partnership, while the rest will be held by...

DLF sells 33% stake in commercial project to Hines for Rs 650 crore

NEW DELHI: Realty major DLF Tuesday announced sale of 33 per cent stake in its upcoming commercial project in Gurugram to US-based Hines, in a deal size estimated at around Rs 650 crore. In October last year, DLF had signed a term sheet with Hines to develop a prime commercial project on 11.76 acre land parcel in Gurugram that it bought for nearly Rs 1,500 crore through e-auction conducted by the Haryana...

DLF to invest Rs 750 crore for new commercial project in Gurugram

NEW DELHI: Realty major DLF will invest around Rs 750 crore for construction of a new commercial project in Gurugram as it seeks to encash rising demand of office and retail space from end users as well as institutional investors, according to sources. The company has decided to build a new commercial project with 2.5 million sq ft area in Gurugram. It will sell office and retail space in this commercial...

DLF To Invest In Commercial Projects In Gurugram

Realty major DLF will now invest over Rs 1,400 crore to develop a commercial project in Gurugram after the firm received the green nod to expand the office space by nearly 1 million square feet area. After the Haryana government increased the floor area ration (FAR) under its new TOD (Transit Oriented Development) policy, the DLF applied for the development of increased build-up area in its ongoing Cyber...

DLF Looking For Partner To Build New Commercial Project In Gurugram

Realty major DLF is in talks with private equity players to raise funds for the development of a commercial property on 11.76-acre land in Gurugram that it recently bought for about Rs 1,600 crore, a senior company official said on Saturday. India's largest realty firm could dilute up to 50 per cent stake in this 2.5 million sq ft commercial project, DLF's CFO Saurabh Chawla said. In February this year,...

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