The fate of the prestigious Rs 33,000-crore DLF township at Dankuni has become uncertain. “The project will not be implemented if the Opposition party and landowners are not ready for it,” urban development minister Asok Bhattacharya said on Tuesday as Trinamool Congress chairperson Mamata Banerjee demanded that the state withdraw the acquisition notice. The proposed […]
For all the talk about a slowdown in the economy, real estate prices in most parts of the country have not corrected as much as most prospective buyers would have liked them to. But, shares of most real estate companies are not finding any takers even after falling nearly 50% from their record highs in […]
DLF Assets, the property fund of DLF Ltd, plans to launch an initial public offer of its office trust in Singapore by June to raise over Rs 8,000 crore. DLF is India’s leading real estate company in terms of market evaluation.
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Posted in Property Articles, Property Events
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Also tagged Commercial Projects, De Shaw, Estate Investment Trust, Global Investment, Investment Firm, Lehman Brothers, Real Estate Investment, Real Estate Investment Trust, Realty Company, Singapore Authority
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March 28 –DLF Ltd, India’s biggest developer, will spend $5 billion in the next seven years to build about 125 hotels in the world’s fastest-growing tourist destination. In Delhi Rajiv Singh vice chairman of DLF Ltd. said in an interview that DLF plans to build 25,000 rooms including 4,000 in the first three years. Spending […]
Slowdown in IT/ ITeS sectors is effecting real estate firms. Lease of office space to software and BPO firms have fallen by over 30 percent. The trend is particularly bound to affect firms like DLF and Unitech which are building several software SEZs (special economic zones) across the country. Unitech executive said that till just […]
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Posted in Property News
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Also tagged Bpo, Delhi, Growth, Infosys, Jaipur, Market, Mumbai, Real Estate Slowdown, SEZ, Software Companies, Software Firms, Tcs, Unitech, Wipro
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March 12, 2008 – 12:21 am
Delhi-based Business Parks and Town Planners (BPTP) bagged a 95-acre commercial plot at Sector 94 in Noida for incredible Rs 5006 crore from the Noida authority. It is strategically located close to Delhi. It will be around 16 km from Connaught Place and around 10 km from south Delhi via the DND flyover.
February 16, 2008 – 5:46 am
Power, real estate, capital goods and oil and gas indices gained over 7 per cent each and led the Sensex rally on Thursday. The Bombay Stock Exchange’s Sensex recorded the 3rd highest single-day gain of 817.49 points for the duration of the current calendar year, taking the index from 16,949.14 on Wednesday to 17,766.63 points […]
February 16, 2008 – 5:44 am
MUMBAI – Property developers are expected to turn overseas to list Real Estate Investment Trusts (REITs) as proposed local rules favour funds and small investors rather than real estate companies, officials said. Developers are hoping to recover costs by selling properties to REITs in which they hold a controlling stake. However, draft rules, which restrict […]
February 1, 2008 – 1:38 am
30 January, 2008, New Delhi: DLF Ltd. has reported a quarterly consolidated net profit of 21.45 billion rupees ($544.4 million) on Wednesday. It assured that the growth will remain robust on strong demand. Mr. Rajiv Singh, Vice Chairman, told the reporters “There is no decrease in demand. People have realized that while interest rates may […]
January 28, 2008 – 6:29 am
DLF is discussing with Ikea, world’s largest home furnishings retailer, for a bid to bring the Swedish brand into India. The developer is looking into the prospects of a joint venture with Ikea on a sharing ratio that was yet to be decided by the time this information had been published. The purpose of this […]
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Posted in Property News
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Also tagged Better Life, Business Strategy, Foreign Retail Brands, Franchisee, Furnishing Products, Future Group, Gucci, Home Furnishing, Home Furnishings Retailer, Home Furnishings Stores, Home Improvement Stores, IKEA, Ikea Stores, Joint Venture, Malls, Retail Brands, Salvatore Ferragamo, Versace
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