Aided by the sale of its flagship movie theatre chain DT Cinemas to PVR for Rs 372 crore, real estate firm DLF on Monday reported a twofold jump in consolidated net profit to Rs 261 crore for the quarter ended June.
After years of talking about it, DLF might finally take some action in bringing down its accumulated pile of debt. News reports suggest that the promoters of DLF would infuse Rs 10,000 crore in the company through a preferential allotment.
Shares of real estate companies were trading higher for the second straight day on the bourses after the Securities and Exchange Board of India (Sebi) proposed further relaxations to the real estate investment trusts (Reits) regulations, to attract real
Comment : Short covering is seen in futures. The underlying has managed to close above the resistance of Rs 134 and is likely to move towards the resistance of Rs 138 in the near term. Volumes have moved above the 10 day average.
Lodha Group, the country's largest property developer by sales, is aiming at net sales of at least Rs 7,500 crore this financial year, despite prolonged slowdown in the market. In FY16, their net sales were Rs 6,430 crore.
The apex consumer commission today slapped a penalty of 12 per cent per annum on real estate major DLF Ltd to be given to 50 buyers for delaying giving possession of their flats in its Panchkula project in Haryana, saying it amounted to
DLF, the country's largest real estate developer, is planning to bring its mall assets under separate special purpose vehicles (SPVs) so that it can sell stakes in them and convert them into real estate investment trusts (REITs) in the future.
The stock gave a price volume breakout after a consolidation of last eight weeks. It has been holding above its 50 DMA from last thirty five trading sessions and registered highest daily close of last seventy two trading sessions.
Interest rate-sensitive sectors shares such as bank, auto and realty were down more than 1% each on profit booking after the Reserve Bank of India (RBI) today reduced the repo rate or repurchase rate, the rate at which banks borrow from the central bank,