Real estate major DLF Ltd has been directed to pay nearly Rs 80 crore to a private company for rescinding from an agreement for construction and sale of a tower in Gurgaon, by an Arbitral Tribunal which said it breached contractual obligations to make
Realty major DLF has kept the new sales bookings target for this financial year at last year's level of about Rs 4,000 crore as the company feels that it would take at least 12 months for housing sales to improve.
Slapped with a fresh 'cease and desist' order by fair trade regulator CCI, realty major DLF has said it is "very surprising" that no penalty has been imposed on various other realtors operating in the same market with the same product line.
The Supreme Court (SC) on Friday issued a notice to real estate major DLF on a plea filed by the Securities and Exchange Board of India (Sebi), challenging a Securities Appellate Tribunal (SAT) order in the matter pertaining to alleged disclosure norm
Shares of DLF, leading real estate company, are trading nearly 4% lower to Rs 131.30 on the Bombay Stock Exchange (BSE) on reports stating the Supreme Court has issued a notice on a plea by the Securities and Exchange Board of India (Sebi), challenging an
DLF today filed an appeal before Securities Appellate Tribunal (SAT) against capital market watchdog Sebi's order slapping Rs 26 crore penalty on it for indulging in "fraudulent and unfair trade practices".
It is considered auspicious for any company to be included in the National Stock Exchange's Nifty index. However, it was anything but that for DLF and Jindal Steel and Power (JSPL), which were excluded from the 50-share bluechip index last week.
In the latest sign of the crisis facing real estate companies, Gurgaon-based DLF has launched a mega discount sale of its properties, believed to be its largest so far, in cities across the country to drum up interest.
Quashing of the Securities and Exchange Board of India (Sebi)'s order against DLF, which banned the property giant from accessing the capital market, has opened new avenues for raising funds and reducing of its debt.