The Nifty has broken down from the symmetrical triangular pattern, which is a bearish reversal pattern
While announcing Q2 results on November 7, DLF said the development business has been performing well, and achieved net sales of Rs 725 crore in Q2, and expects this momentum to sustain
Besides India, weightage of Indonesia, Thailand and Vietnam has also been cut by one percentage point each. On the other hand, exposure to Korea has been increased by 5 percentage points
Lodha Developers' M P Lodha and family has been named India's richest real estate entrepreneur with a wealth of Rs 31,960 crore followed by DLF's Rajiv Singh and Embassy group founder Jitendra Virwani in the second and third position respectively, according to a report. Hurun Report and GROHE India on Monday released the third edition of GROHE Hurun India Real Estate Rich List 2019' featuring the richest real estate entrepreneurs in India. "With a wealth of Rs 31,960 crore, Mangal Prabhat Lodha & family of Macrotech Developers (earlier named Lodha Developers) retained the top spot in GROHE Hurun India Real Estate Rich List 2019 for the second consecutive year," the report said. Lodha family's wealth increased by 18 per cent during 2019 and was 12 per cent of the cumulative wealth of the remaining 99 Indians featured on the list. "At number two is Rajiv Singh of DLF (up one rank) with a wealth of Rs 25,080 crore up 42 per cent as compared to 2018," the report said adding that ...
Sales momentum should help the company double its quarterly cash flows from the residential business over the next two quarters, as compared to the run rate it was achieving in the past
At the bourses, most real estate stocks have given a healthy return in CY19. Godrej Properties, for instance, has rallied 37 per cent.
Among banking stocks, State Bank of India, HDFC Bank and ICICI Bank could prove good bets, say analyst
According to the Anarock report, these nine players together achieved a sales bookings of Rs 22,800 crore in the entire 2018-19
DLF, the country's largest real estate firm in market capitalisation, had achieved sales bookings of Rs 1,225 crore in the same period a year ago
DLF was among the eight stocks that were included in the MSCI's India Domestic Index
During the quarter, it utilised Rs 1,036 crore (of the Rs 2,250 crore it had got against exercise of warrants in June) towards repayment of bank loans
During the second quarter, DLF's tax outgo fell to Rs 74.21 crore from Rs 139.31 crore in the year-ago period, while its operational expenses dropped to Rs 1,827.89 crore from Rs 2,031.39 crore.
Realty major DLF on October 2 said it had settled the entire Rs 8,700 crore amounts payable to DLF Cyber City Developers Ltd (DCCDL).
At the end of 2018, DLF owed Rs 8,700 crore to DCCDL and the amount payable came down to Rs 5,600 crore by July 1, 2019.
Gurgaon-based luxury malls developer, DLF is planning to focus more on food and beverages and allocate around 20 per cent of space to the dining options across its project offerings, a senior company official said. DLF, which has malls across Delhi, Noida, Gurgaon and Chandigarh, has been allotting nearly 12 per cent of the total space to F&B. "We realised that we need to change our offerings to cater to the millennials who are looking for experiences. If we don't give them that, then retail will also witness slowdown as the footfalls will reduce," DLF Shopping Malls Executive Director and Head Pushpa Bector told PTI on the sidelines of the mapic India IRF. She further said that the company is reworking on its strategies to increase the share of F&B to 18-20 per cent. "From the current set up of 12 per cent, we can easily ramp it up to up to 20 per cent. However, we will not be able to increase it to 30 per cent across our mall offerings, but we are doing it in ..
Rajiv Talwar, chief executive at DLF, the country's largest listed property developer, said when there is more money in the hands of corporate entities and people, it will makes a difference
The transaction was recorded at over Rs 32 crore per acre, which is one of the costliest deal in the New Gurugram area, they added
This is the costliest land deal in this area, which each acre going for about Rs 32 crore
Realty major DLF continues to face trouble on litigation involving alleged improper acquisition of land in Gurugram (Gurgaon)
DLF issued a clarification saying that allegations made in the petition "are not material" and "incorrect."