The Street was not too enthused with property major DLF’s September quarter numbers, with the rise in debt, lack of major uptick in sales and delay in the sale of promoter stake in rental subsidiary DLF Cyber City Developers (DCCDL).
Shares of real estate shares under severe pressure falling by up to 20% on the bourses after Prime Minister Narendra Modi on Tuesday announced that Rs 500 and Rs 1,000 currency notes would no longer be printed, as part of his government's fight
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