Real estate experts say such places work out to be 15-25% cost efficient vis-a-vis permanent offices
At the end of 2018, DLF owed Rs 8,700 crore to DLF Cyber City Developers Ltd (DCCDL), which is a joint venture between DLF and Singapore sovereign wealth fund GIC
DLF has earmarked a capital expenditure of Rs 200 crore this year for its Chennai project
The company's net sales bookings stood at Rs 705 crore in the June quarter
To finish the capital infusion process, the DLF board has now allotted 138.1 million equity shares - at Rs 217.25 each - against the convertible debentures
DLF has an unsold inventory of around Rs 11,650 crore
DLF's rental platform has 32.8 million sq ft of operational assets and 3.2 million sq ft of under construction assets
Strong rental revenues coupled with improving residential portfolio are positives
Promoters to also put in Rs 2,500 crore
The project would be developed in the next four years and would come up on 11.76 acres. The land parcel is located across the highway from the existing business district of DLF Cyber City
We are currently selling Rs 600 crore worth properties every quarter, said Tyagi
DLF also expects to sell its finished housing inventories worth Rs 12,500 crore in the next 3-5 years, depending on the market conditions
The company also expressed confidence that it would achieve sales booking guidance of Rs 2,250 crore as the company has achieved nearly Rs 1,800 crore sales in the first three quarters of this fiscal
The firm has seen a rise in demand of residential properties over the past one year after it decided to sell only ready-to-move-in properties
Saurabh Chawla, Group CFO, DLF Ltd, has expressed his wish to move on
DLF also sees good opportunity for itself from the current liquidity crisis in the NBFC sector, which it expects would lead to lower supply
DLF will now invest Rs 14.39 billion to develop the Cyber Park project, as against the earlier estimate of Rs 4.12 billion
According to Anarock Property Consultants, over a dozen malls with 1 million sq. ft of area are coming up in the country
CCI considered the market for 'provision of services for development and sale of residential apartments/ flats in Gurgaon' as the relevant one
The company is in talks with many private equity funds and expects to close this deal by September