DLF arm's REIT could come out in 12-15 months, DLF director Ashok Tyagi said in a conference call last week
New sales bookings for the quarter rose to Rs 853 crore as compared to Rs 152 crore in the previous quarter, it said.
Realty major DLF on Friday reported 48 per cent decline in its consolidated net profit at Rs 232.14 crore for the quarter ended September.
Mahindra & Mahindra, Page Industries, TVS Motor Company, and Wockhardt are among the noticeable names that are exhibiting trend reversal.
A unit of the London-based bank will lease 770,000 square feet for 15 years in the southern city, in a project being developed by DLF.
While developers say it will be a huge burden for them in addition to penalties under RERA, other experts suggest the apex court verdict would be beneficial for buyers
Construction grinds to a halt in April and May; realtors, analysts expect improvement in coming quarters
In a letter to its tenants, the realtor said it "plans to waive of the entire MG rent from the beginning of the lockdown period up till 15 June".
It had posted Rs 230 crore PBT during the corresponding quarter last year on a consolidated basis.
Singh had left an army job in 1961 to join DLF - a company started by his father-in-law in 1946 - and took over as chairman in 1995.
Total income fell to Rs 6,884.14 crore in 2019-20 from Rs 9,029.41 crore in the previous year
Its net profit stood at Rs 335.15 crore in the year-ago period
At the end of first quarter of this financial year, DLF's debt stood at Rs 71.2 billion
DLF, along with its partner GIC, has started construction on the first phase of its 7 million sq ft housing projects in central Delhi
Equity analysts have been asking for more visibility into plans to develop holdings of about 235 million square feet
The real estate sector is facing multi-year demand slowdown, resulting in sluggish sales and unsold inventories
DLF is required to launch QIP and also issue of warrants or debentures because of proposed infusion of about Rs 10,500 crore by promoters
DLF, HDIL, Suntech Realty, Puravankara, Ansal Buildwell, Kolte-Patil Developers and Indiabulls Real Estate were up more than 5%