Tag: DLF

IndustryLatest Stories

RMZ Corp Considering $1 Billion IPO

RMZ Corp., one of India’s leading real estate developers, is contemplating an initial public offering (IPO) that could raise up to $1 billion, according to sources familiar with the situation. This move could set the stage for one of the country’s largest real estate listings. The Bengaluru-based firm has initiated preliminary discussions with bankers about the potential listing, as stated by anonymous sources due to the confidential nature of the discussions. The IPO is expected to occur later next year. RMZ has not yet officially appointed advisers, and critical factors such as timing, structure, and overall size of the offering…

Latest StoriesResidential

Pioneer Urban Land Acquires 9,419 sq ft Flat in DLF Camellias for ₹95 Cr

NEW DELHI: Realty company Pioneer Urban Land and Infrastructure Ltd has acquired a 9,419 sq ft apartment in DLF’s luxury project ‘The Camellias’ in Gurugram for ₹95 crore, according to CRE Matrix. The real estate data analytics firm reviewed the registration document for this transaction, which was registered on September 29. Additionally, CRE Matrix has noted that three more residential properties were registered in September, collectively valued at about ₹176 crore. Sources suggest that the current value of these properties could be significantly higher. A penthouse was sold in 2015 for ₹59 crore, and another was booked in August 2021.…

IndustryLatest Stories

DLF Q2 FY26 Net Profit Falls 14.56%

NEW DELHI: DLF has reported a 14.56% decrease in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax was ₹1,180.09 crore in Q2 FY26, down from ₹1,381.22 crore in the same quarter the previous fiscal year, as per a filing with the BSE. The company’s net consolidated total income for Q2 FY26 was ₹2,261.80 crore, marking a growth of 3.71% compared to ₹2,180.83 crore in the corresponding quarter last year. During the quarter, DLF Home Developers (DHDL), a wholly-owned subsidiary, redeemed 60,000 8.50% senior, secured, rated, listed, redeemable, guaranteed, Rupee-denominated non-convertible debentures (NCDs) worth…

CommercialLatest Stories

Google Secures 617,000 Sq Ft Office in Gurugram

NEW DELHI: Google, the American tech powerhouse, has secured a lease for 617,000 sq ft at Atrium Place Gurugram, a collaboration between DLF and Hines. This deal stands out as one of the largest office space transactions this year, according to two sources familiar with the matter. Details regarding the lease duration and financial arrangements remain undisclosed. This agreement follows Google’s prior lease of 550,000 sq ft at a commercial complex in Gurugram through managed workspace provider Table Space. “Google is deeply committed to India and is expanding its office spaces accordingly,” one of the sources noted. “The company has…

IndustryLatest Stories

DLF Cyber City Secures ₹1,100 Crore via NCDs

NEW DELHI: DLF’s rental arm, DCCDL, has successfully raised Rs 1,100 crore by issuing non-convertible debentures through a private placement. According to a regulatory filing on Tuesday, the securities allotment committee of DLF Cyber City Developers Ltd (DCCDL) approved the allotment of 1,10,000 Non-Convertible Debentures (NCDs) totaling Rs 1,100 crore to eligible investors. These NCDs come with a coupon rate of 6.91 percent per annum, payable quarterly. DCCDL is a joint venture involving DLF and Singapore’s sovereign wealth fund GIC, with DLF owning nearly 67 percent of the partnership. The company has a vast operational portfolio, encompassing 44 million sq…

IndustryLatest Stories

Real Estate Stocks Drop on Weak Demand Worries

MUMBAI: Real estate stocks experienced a decline on Wednesday, marking a third consecutive session of losses. Investors took profits amidst concerns over slowing demand. The realty index dropped by more than 2%, accumulating a total decline of 3.5% over the past three days, in contrast to a 1.1% dip in the benchmark Nifty. Out of the 10 stocks in the index, eight recorded losses on Wednesday. Godrej Properties fell by 4%, while DLF and Oberoi Realty decreased by 3.5% and 2.8%, respectively. Lodha Developers and Phoenix Mills each saw declines of over 2%. “Profit-taking in realty stocks follows last year’s…

Latest StoriesRegulatory

DLF Ordered to Compensate Buyer for Flat Delay in Kakkanad

KOCHI: The Ernakulam district consumer disputes redressal commission has mandated DLF, a real estate developer, to provide compensation for the delayed handover of a flat by nearly four years, along with additional charges imposed. This order was issued following a complaint lodged by Seena Susan Kuruvilla and her son, Mithun Kuruvilla, regarding the DLF New Town Heights project located in Kakkanad. In May 2010, the complainants reserved an apartment at DLF New Town Heights for Rs 34.29 lakh, with an agreement stating the flat would be delivered by January 19, 2013. Despite having paid 95% of the total, the flat…

Latest StoriesResidential

Sukhpal Ahluwalia buys 11,000 sq ft flat in DLF’s Camellias for ₹100 crore

NEW DELHI: British entrepreneur Sukhpal Singh Ahluwalia has purchased an 11,416 sq ft apartment at The Camellias, DLF’s luxury residential development in Gurugram, for ₹100 crore, according to sources familiar with the transaction. Ahluwalia, who sold his business Euro Car Parts, now leads Dominvs Group, a real estate, hospitality, and asset management firm based in London. This represents the third ₹100-crore transaction within the upscale residential complex, which is home to several affluent residents. This trend highlights the ongoing post-pandemic demand for luxury housing in India. Previously, Info-x Software Technology Pvt Ltd, represented by its director Rishi Parti, acquired a…

IndustryLatest Stories

DLF to invest ₹23,500 crore in ongoing housing projects

NEW DELHI: DLF Ltd, India’s leading real estate firm, plans to invest ₹23,500 crore to finalize its ongoing residential projects in Delhi-NCR and Mumbai. As outlined in an investor presentation, the total estimated cost to complete these launched projects is ₹23,500 crore. To finance the pending construction, DLF has reported a cash reserve of ₹10,429 crore, with ₹7,782 crore held in an escrow account regulated by the Real Estate Regulatory Authority (RERA). Furthermore, the company holds receivables totaling ₹37,220 crore from customers for residential properties sold. DLF’s Chief Financial Officer (CFO) recently stated in a conference call that the company…

IndustryLatest Stories

DLF’s Q1 FY26 Net Profit Jumps 18.3%

NEW DELHI: DLF has announced an 18.30% increase in its net consolidated profit for the quarter ending June 30, 2025. The profit after tax reached ₹762.67 crore in Q1 FY26, compared to ₹644.67 crore during the same period last year, according to a filing with the BSE. The company recorded a net consolidated total income of ₹2,980.88 crore in Q1 FY26, marking a remarkable 72.32% rise from ₹1,729.82 crore in the previous year’s corresponding quarter. Sales bookings for the first quarter stood at ₹11,425 crore, showcasing a year-on-year growth of 78%. The net cash position improved to ₹7,980 crore by…