Page 13 - Dlf

DLF to build 3 mn sq ft of commercial space in FY17

The company till now has developed 27 million sq ft of commercial space

DLF's rental arm stake sale by Sep, may fetch Rs 12,000 crore

Three global institutional investors - Blackstone, GIC and Abu Dhabi Investment Authority - have been shortlisted as buyers in DCCDL

DLF, Blackstone restructure shareholding in five land parcels

DLF and Ridgewood Holdings have divided five undeveloped land parcels of about 500 acres in Bengaluru and Chennai

Odisha extends validity of DLF's consent order

The extension of validity order by DLF is subject to revalidation of environment clearance for the project

Odisha pollution board gives DLF more time to build IT park

The first phase of the project is ready for commercial operations

DLF debt-reduction exercise is easier said than done

DLF has been selling complete businesses or stakes to reduce its mountain of debt, but has largely been unsuccessful in bringing down its debt pile

DLF draws plan to repay residential business debt

Reports say DLF promoters will infuse Rs 10,000 crore in the company through preferential allotment after they sell 40% in DLF Cyber City Developers

Real estate shares in focus; DLF hits 52-week high

DLF, Unitech, HDIL, Sobha, Oberoi Realty, Indiabulls, Kolte Patil, Godrej Properties and DB Realty were up 2%-10% on the BSE.

Pay 12% per annum for delaying flats: Apex consumer panel to DLF

The apex consumer commission today slapped a penalty of 12 per cent per annum on real estate major DLF Ltd to be given to 50 buyers for delaying giving possession of their flats in its Panchkula project in Haryana, saying it amounted to "cheating". The National Consumer Disputes Redressal Commission (NCDRC) bench headed by Justice J M Malik directed the firm to hand over the apartments to buyers as per a list proposed by DLF for scheduled possession, failing which it will have to pay a penalty of Rs 5,000 per flat per day to the buyers till the project is completed. The bench noted that the firm had to give the possession of the property within three years including the grace period from the date of letter of allotment till possession was to be given by 2013. After this, it will have to pay interest till the period it has now proposed before the commission, it said. If the flats are not given till the period now proposed by the firm, it will carry a penalty of Rs 5,000 per day till

DLF to sell 32 screens to PVR for revised price of Rs 433 crore

DLF operates the multiplex arm DT cinemas and exhibition business under its subsidiary DLF Utilities

DLF will not launch new projects in FY17

Company has unsold inventory in different geographies and projects such as Ultima and DLF would focus on selling these projects

DLF Q4 net profit drops 23% at Rs 132.39 crore

Its share price closed at Rs 129 apiece on the BSE, up 0.86%

DLF to bring malls under SPVs

Plans to form REITs in future, could raise $1 bn via this route

DLF promoters kick off $2 bn divestment in rental arm

DLF Cyber City Developers Ltd has about 25-26 million sq ft of leased commercial space with an annual rental income of about Rs 2,250 crore

DLF shares dive nearly 8% on ex-dividend

The stock plunged 7.59% to settle at Rs 106.55 on BSE. During the day, it dipped 8.8% to Rs 105.15

DLF sells Saket shopping mall to its own arm

This is in line with the strategy to structure ownership of existing assets to facilitate potential monetisation

Realty stocks rally on Budget boost

DLF, Unitech, Indiabulls Real Estate, DB Realty, HDIL, Phoenix Mills and Oberoi Realty rallied more than 5% each.

DLF: A fully renovated entity

The DLF of the past marketed super luxury, premium and mid-end apartments; the DLF of today focuses only on the super luxury and premium apartments