DLF, one of India’s top real estate developers, said it has sold Rs 1,500 cr worth of luxury flats in ONE Midtown, its upcoming addition to the high-end Midtown township project being created west of Patel Nagar in Delhi. Midtown is designed as an ‘ecosystem of luxury residences, office and commercial spaces’ in ‘rolling acres […]
Real estate major DLF reported a sharp decline in its revenue and profit for the July-September quarter after it stopped taking new bookings due to the implementation of RERA in May. The company’s net profit fell by 94% to Rs 12.57 cr in July-September quarter from Rs 204.60 cr a year ago. Even in the […]
Debt-laden DLF group has sold its cinema chain, DT Cinemas, to the biggest operator in the space – PVR Ltd – for Rs 500 crore. In a statement, PVR said the acquisition of DT Cinemas would add 29 screens and 6,000 seats from 8 properties in the National Capital Region and Chandigarh. Over the next […]
Real estate major DLF said it was aware of the appointment of Justice S.N. Dhingra as chairman of a commission to probe its land deal with Robert Vadra, son-in-law of Congress Party president Sonia Gandhi. “…it is well known that this was a very small transaction of approximately Rs 50 crore. When called upon, we […]
DLF Ltd said it had not sold the 2nd phase of its Pune IT Park to private equity firm Blackstone. DLF was responding to a query raised by the National Stock Exchange of India after the Hindu Business Line carried an item titled ‘Has DLF sold Pune IT Park 2nd Phase to Blackstone’. However, said […]
Real Estate major DLF Ltd has vehemently denied a report in Times Now that said that the company had been allotted 23 acres of land 3.5 km away from the Parliament of India at a throwaway price. The report, aired last night by the news channel, had claimed that even the Prime Minister’s office had […]
