DLF shares will be in the spotlight on Thursday, April 17, after the company announced that it had entered into a definitive Master Framework Agreement (MFA) for the sale of its Kolkata-based IT/ITeS SEZ business to the Srijan Group and its subsidiaries for a total agreed consideration of Rs 693 crore. The deal includes the…
READ MOREThe markets paused after six consecutive sessions of gains, closing on a flat note. In today’s trade, shares of Maruti, ONGC, IREDA, Federal Bank, TVS Motor among others will be in focus due to various news developments. Maruti SuzukiMaruti Suzuki received a draft tax assessment of Rs 2,666 crore for FY22, but the company expects…
READ MOREIn the largest real estate deal of West Bengal, DLF joint venture firm DCCDL has sold an IT park in Kolkata to Primarc and RDB Group for Rs 637 crore to monetise the rent-yielding commercial asset. DLF Cyber City Developers Ltd (DCCDL) — a joint venture firm between DLF Ltd and Singapore sovereign wealth firm…
READ MOREThe country’s largest real estate developer DLF said it is expected to achieve the guidance of Rs 17,000-18,000 crore annual presale in FY25 despite a drop in new sales bookings in the July-September quarter due to delay in getting approvals for new project launches.During the earnings call after the second quarter results, senior executives of…
READ MOREThe Indian real estate market has seen a resurgence, resulting in heightened interest from property developers in acquiring land parcels, with a 65% year-on-year increase in land transaction volumes until September this year. The residential segment has led the demand.In the nine months, more than 1,700 acres of land were transacted in metropolitan and peripheral…
READ MOREMUMBAI: The residential sales across India’s top seven cities are expected to witness double digit growth in 2024-25. The area sold in Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, Hyderabad, Pune, Kolkata, Chennai is likely to increase 10-12% to 785-800 million sq ft in the current financial year, on a high base of…
READ MORENew Delhi: Realty major DLF will focus on expanding its business to develop residential and commercial projects and is entering new markets Mumbai and Goa to tap into growth opportunities, its Chairman Rajiv Singh said. In his message to shareholders in the annual report, Singh said the company will continue to focus on corporate governance,…
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