Build and sell: Changing dynamics of real estate business

Mar 21 2018

Following the key reforms of demonetisation, RERA and GST, coupled with enabling policy initiatives, the real estate sector is looking at new business models.

DLF plans to sell Rs 15K-cr completed flats in 3-4 yrs

Feb 18 2018

DLF will focus on selling ready-to-move-in flats worth Rs 15,000 cr over next 3-4 yrs and launch new projects for sale only after reaching advanced stage of construction.

DLF Q3 profit soars to Rs 4,091cr on deemed gain from GIC deal

Feb 13 2018

DLF reported a nearly 42-fold rise in its consolidated net profit at Rs 4,091.27 cr for the Dec 2017 quarter, driven by deemed gain from stake sale in rental arm to GIC.

DLF promoters conclude Rs 9,000-crore deal with GIC

Dec 27 2017

Realty major DLF's promoters have concluded the sale of 33.34 % stake in rental arm to Singapore's sovereign wealth fund GIC for nearly Rs 9,000 crore.

DLF partners Uber to offer subsidised rates for malls visit

Dec 11 2017

Realty major DLF has tied up with Uber to offer subsidised rides to and fro for customers visiting its malls in the national capital region.

DLF reopens sales, sells Rs 300 cr flats in Gurgaon in Nov

Dec 06 2017

DLF sold housing properties worth of about Rs 300 crore in Gurgaon in Nov when it reopened sales after five months of suspension because of new real estate law and GST.

DLF promoters to infuse Rs 11,250 cr; board okays QIP

Dec 01 2017

DLF's board approved issue of debentures and warrants to promoters in lieu of Rs 11,250 cr equity infusion into the company, as part to reduce net debt significantly.

DLF board to consider QIP, warrants issue on Dec 1

Nov 29 2017

The board will also consider and approve proposal of "issuance of equity shares under QIP" and increase in authorised share capital of the company.

GIC seeks CCI nod for Rs 9K cr deal with DLF promoters

Oct 02 2017

GIC has approached CCI seeking approval for its deal to acquire stake in DLF rental arm for Rs 8,900 cr and form joint venture.

DLF gets shareholder nod for promoters' Rs 12k cr stake sale

Sep 30 2017

Realty major DLF said its shareholders have approved the promoters' decision to sell their entire 40 per cent stake in the rental arm for Rs 11,900 crore.

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Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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