Tag: DLF

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…

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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…

CommercialLatest Stories

BlackRock Negotiates for 1 Million Sq Ft Office in NCR

Asset manager Blackrock Inc. is currently negotiating with two real estate developers in the National Capital Region (NCR) to lease 1 million sq ft of office space, according to sources close to the matter. As part of its strategy to strengthen and expand its footprint, Blackrock is in discussions with Bharti Real Estate and DLF regarding their forthcoming projects, ‘Worldmark’ and ‘Downtown’, respectively. Blackrock is eyeing an entire building within the ‘Worldmark’ complex in Delhi’s Aerocity or the ‘Downtown’ project in Gurgaon, with an imminent deal expected, according to the sources. “This will not be a built-to-suit property; however, both…

IndustryLatest Stories

Top 25 Real Estate Firms Hit ₹6.1 Lakh Crore Market Cap by 2025

Representative image created by AI NEW DELHI: Macrotech Developers, renowned for its Lodha brand, has secured its position as India’s top real estate company in the 2025 Grohe-Hurun India Real Estate rankings, based on market capitalization as of March 31, 2025. With a market cap of ₹1,29,400 crore, the Mumbai-based firm continues to lead the standings, reflecting robust investor confidence and stellar performance within the Indian property sector. DLF follows closely with a market cap of ₹1,15,100 crore, while Phoenix Mills rounds out the top three at ₹47,800 crore. The report indicates that the total market capitalization of the 25…

Latest StoriesResidential

DLF-Trident’s ‘The Westpark’ nets ₹2,300 crore in phase 1

MUMBAI: DLF, through its subsidiary DLF Home Developers, has entered the Mumbai residential market with the launch of The Westpark in Andheri West. The company, in collaboration with Trident Realty, achieved sales exceeding ₹2,300 crore from the complete sellout of 416 units in phase-1. The launch includes four 37-storey towers on a 5.18-acre site, with all units sold within a week. This phase is part of a larger ~10-acre master plan encompassing eight residential towers. The initial phase features 3 and 4 BHK apartments ranging from 1,125 to 2,500 sq ft (carpet area), along with a limited selection of penthouses.…