Page 2 - Dlf

NCLAT sets aside CCI order on DLF, remanded back directing to examine

The NCLAT has set aside an order passed by fair trade regulator Competition Commission of India (CCI) with respect to DLF and directed it to examine the matter. The case pertains to CCI rejecting a complaint against DLF and its subsidiary for alleged abuse of the dominant position on the basis of a second/supplementary report from DG. The appellate tribunal said CCI was "not authorised to pass an order for further investigation" if once its probe unit - the DG (Director General) has already "noticed the violation" in its first report and "the same cannot be justified". Based on the second/supplementary DG report, CCI passed the order concluding that the contravention of the provisions" of the Competition Act was not established against DLF and its wholly-owned subsidiary DLF Home Developers. A two-member NCLAT bench said it was "of the opinion that without going into further detail or delving into the merit of the case the order impugned is liable to be set aside since the order

CCI likely to appeal against NCLAT order in DLF matter: Sources

The Commission in 2018 had found DLF in contravention of the Competition Act for abusing its dominant position and discriminatory practices

Capacit'e Infraprojects bags Rs 117 cr order from DLF to build Mall in Goa

Construction firm Capacit'e Infraprojects Ltd on Tuesday said it has bagged an order worth Rs 117.20 crore from DLF Ltd for the construction of a mall in Goa. The contract amount of Rs 117.20 crore excludes GST and labour cess. "Capacit'e Infraprojects Ltd has been a preferred construction company for leading corporates in India. In line with this thought, DLF entrusted responsibility for their mall project, company's managing director Rahul Katyal said. Further, the company said that the order inflow for the current fiscal, along with the existing order book, gives it confidence to deliver good growth in the coming quarters.

RBI Policy: Time to be selective in rate sensitives; keep DLF, SBI on radar

As per the charts, SBI and DLF need to conquer the near resistances at Rs 620 and Rs 420, respectively, for fresh gains to emerge.

Mehul Kothari expects NLC India, DLF to gain in the near term; check why

According to the technical analyst from Anand Rathi, NLC India can rally to Rs 100, while DLF can jump to Rs 435.

Chris Wood rejigs India portfolio; adds Macrotech Developers, Adani Ports

In terms of sectors, Wood remains bullish on the real estate sector and suggests the Indian realty market to be one of Asia's hottest investment bets, besides Singapore

Brand ambassadors: An illusory fascination

Byju's appointment of Messi is a good example of the illusory fascination that companies harbour for celebrity endorsements

DCCDL office rent income up 14% to Rs 801 cr; retail assets revenue up 54%

Realty major DLF's rental arm DCCDL has reported a 14 per cent increase in office rental income to Rs 801 crore and 54 per cent rise in revenue from retail properties to Rs 184 crore during the quarter ended September 30. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore's sovereign wealth fund GIC. DLF has nearly 67 per cent stake in the JV firm, while GIC has the remaining. In an investors presentation for the July-September quarter, DLF has also informed about the operational and financial performance of its JV firm DCCDL, which holds the bulk of its rent-yielding office and retail real estate portfolio. Some commercial properties are still being held by the parent company DLF. DCCDL's office rental income grew 14 per cent to Rs 801 crore during the second quarter of this fiscal, from Rs 701 crore in the year-ago period. Its retail revenue rose 54 per cent to Rs 184 crore from Rs 120 crore. Total rental income rose 20 per cent to Rs 986 crore

DLF sells housing units worth Rs 4,092 cr in Apr-Sep, up 62% Y-o-Y

Realty major DLF Ltd's sales bookings rose 62 per cent year-on-year during the April-September period to Rs 4,092 crore on better demand for its housing properties. Its sales bookings stood at Rs 2,526 crore in the first half of the previous financial year, according to an investors presentation by the firm. DLF Ltd has given guidance of sales bookings at Rs 8,000 crore for the current 2022-23 financial year, a 10 per cent increase from the previous fiscal. Its sales bookings rose to Rs 7,273 crore in 2021-22 fiscal from Rs 3,084 crore in the previous year. When contacted, DLF Group Executive Director and Chief Business Officer Aakash Ohri attributed the growth in sales bookings to strong end-user demand for its residential properties. "We are maintaining the sales bookings guidance for this fiscal year," he said, adding that the company would prefer being cautious in the rising interest rate regime. Ohri said the company has worked hard in the last two years to attract end user

DLF Q2 net profit up 26% to Rs 477 crore, total income fall to Rs 1,360 cr

Realty major DLF Ltd on Friday reported a 26 per cent increase in its consolidated net profit at Rs 477.20 crore for the quarter ended September. Its profit stood at Rs 378.12 crore in the year-ago period. Total income fell to Rs 1,360.50 crore in the second quarter of this fiscal from Rs 1,556.53 crore in the corresponding period of the previous year, DLF said in a regulatory filing. DLF is India's largest real estate company in terms of market capitalisation. It has developed more than 153 real estate projects covering 330 million square feet. The company has 215 million square feet of development potential across the residential and commercial segments. The DLF Group has an annuity portfolio of over 40 million square feet. DLF is primarily engaged in the business of development and sale of residential properties (development business), and the development and leasing of commercial and retail properties (annuity business).

Upbeat housing demand to lift realty stocks despite rate hikes: Analysts

While rising interest rates are expected to hamper affordability among buyers, analysts expect the underlying need for homeownership to remain strong, which would buoy housing sales going ahead

Realty check: Brigade, Phoenix Mills can rally up to 14%; Indiabulls weak

Among the realty pack, Indiabulls Real Estate trades in a bear grip, while Brigade and Phoenix Mills may see an upside of 14 per cent.

At home in super luxury: the rise of a real estate trend

The sale of properties that only the super-rich can afford is bumping up two years after the pandemic hit the country

Stocks to Watch: RIL, ONGC, OMCs, DLF, SpiceJet, Zee, BoB, Apollo Hospitals

Stocks to Watch Today: Shares of oil producers and marketing companies are likely to be in focus following the steep production cut by OPEC+.

Stocks to Watch: Mahindra Logistics, Sterlite Tech, Amara Raja, JSW Energy

Mahindra Logistics has announced the acquisition of the B2B express business of Gurugram-based logistics firm Rivigo Services, which will help the company accelerate its capabilities in this space

DLF targets Rs 1,800 cr sales revenue from new luxury project in Gurugram

Realty major DLF will develop a new luxury housing project in Gurugram with an estimated sales realisation of about Rs 1,800 crore, its Group Executive Director Aakash Ohri said on Monday. DLF has launched its project 'The Grove', which is located at DLF phase-5. "We have launched a new project which will be low-rise luxury development comprising 292 residences. The total developable area in this project is 8.5 lakh square feet," Group Executive Director and Chief Business Officer of DLF Ltd, Ohri said. "We are expecting a sales revenue of Rs 1,700-1,800 crore from this project," he told reporters, but declined to share details of investment on the development of this new project. In the last 20 months, Ohri highlighted that the company has successfully launched and sold independent floor worth Rs 3,000 crore. "The independent floors market was earlier catered by unorganised players. But there was always demand for good product from good developers," he said. Ohri noted that ...

Rising rates pose near-term challenges: DLF chairman Rajiv Singh

He noted that the residential segment has witnessed structural recovery on strong demand and the credible players are gaining market share

Apollo Hospitals acquires asset from Nayati Healthcare for Rs 450 crore

The hospital asset was sold by DLF Qutub Enclave Complex Medical Charitable Trust in 2011 to Nayati Healthcare and Research NCR Pvt Ltd

DLF mulls auction bid for Delhi mall with base price of $366 mn: Report

India's biggest real estate developer DLF is evaluating a bid for a prominent New Delhi shopping mall which has a starting auction price of $366 million

SBI, DLF, Bajaj Auto, Manappuram look good on charts post RBI policy

Manappuram Finance has so far on Friday post RBI rate hike has logged its biggest intra-day gain this year, the stock along with DLF, SBI and Bajaj Auto can rally up to 14 per cent in the near term.