DLF’s second going: Can the real estate giant succeed beyond its comfort zone?
1 month, 3 weeks ago

DLF’s second going: Can the real estate giant succeed beyond its comfort zone?

Live Mint  

India’s largest developer is looking to venture beyond the comforts of its home turf again but is treading cautiously as it prepares to navigate new markets. While the Delhi-National Capital Region will remain DLF’s focal hub, the company is preparing to launch a project in Mumbai in January-March with apartments priced at ₹6-8 crore, Ohri said. The Delhi-based developer had also planned to enter the luxury residential development space in Chennai last year, as disclosed by Ohri during the company’s 2023-24 December quarter earnings calls with analysts. Also, one of the challenges while entering new markets is tailoring projects to a local market’s unique tastes, lifestyle preferences, and economic dynamics, said Shalin Raina, managing director, residential services, Cushman & Wakefield, a real estate services firm. Premium housing priced at over ₹10 million emerged as the largest segment, Shishir Baijal, chairman and managing director of real estate consultancy Knight Frank, wrote in a recent report titled ‘Residential and Office Market—January-June 2024’.

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History of this topic

Emaar India to invest ₹1,000 cr on new housing project in Gurugram; eyes ₹2,500 cr revenue
1 month, 3 weeks ago

Emaar India to invest ₹1,000 cr on new housing project in Gurugram; eyes ₹2,500 cr revenue

Live Mint  

New Delhi, Nov 20 Realty firm Emaar India will invest around ₹1,000 crore to construct a new luxury housing project in Gurugram amid strong demand for premium residential properties. Asked about project cost, Chakrabarti said it will be around ₹1,000 crore excluding land cost. "This project stands as a testament to Emaar's unwavering commitment to providing high-quality living spaces that …

Mumbai real estate: DLF expected to launch first phase of project in the financial capital by March 2025
2 months ago

Mumbai real estate: DLF expected to launch first phase of project in the financial capital by March 2025

Hindustan Times  

Delhi-NCR-based listed real estate developer DLF has said that it plans to launch the first phase of its Mumbai project in the fourth quarter of the ongoing financial year. “The balance approvals, which are Goa, Mumbai, and the next phase of Privana are all in different stages of the approval processes,” Ashok Kumar Tyagi, Managing Director and Chief Financial Officer, …

Emaar India's Luxury Villa Project Unveils in Alibag
2 months, 2 weeks ago

Emaar India's Luxury Villa Project Unveils in Alibag

The Hindu  

Emaar India enters the Mumbai Metropolitan Region (MMR) market with its first ultra-luxury villa project The Casa Venero in Alibag. The project is targeted at industrialists, doctors, lawyers, diamond merchants, entrepreneurs and high networth individuals (HNIs) of Mumbai and will offer 84 exclusive ultra-luxurious villas on a 25-acre plot. Construction is expected to start within 30 days and the project …

‘DLF is here to stay in Mumbai and everyone is our competitor’, says Aakash Ohri, joint MD
4 months, 1 week ago

‘DLF is here to stay in Mumbai and everyone is our competitor’, says Aakash Ohri, joint MD

Hindustan Times  

DLF’s joint managing director and chief business officer Aakash Ohri has said that the Delhi-based company will foray into the Mumbai residential market by the second half of FY 2024-25, and counts on differentiation as key. DLF’s joint managing director and chief business officer Aakash Ohri has said that the company will foray into the Mumbai residential market by the …

DLF plans to launch housing project in Mumbai by December 2024
5 months, 1 week ago

DLF plans to launch housing project in Mumbai by December 2024

Hindustan Times  

Delhi-NCR based listed real estate developer DLF has said that it plans to launch its first project in Mumbai by December 2024, Ashok Kumar Tyagi – Managing Director and Chief Financial Officer, DLF Limited said. DLF has said that it plans to launch its first project in Mumbai by December 2024, said Ashok Kumar Tyagi – Managing Director and Chief …

DLF to launch real estate projects with ₹36,000 crore sales potential in Gurugram, Mumbai and Goa this year
7 months, 3 weeks ago

DLF to launch real estate projects with ₹36,000 crore sales potential in Gurugram, Mumbai and Goa this year

Hindustan Times  

Real estate major DLF plans to launch new real estate projects spanning approximately 11.6 mn sq ft with a sales potential of almost ₹36,000 crore this fiscal. Real estate major DLF plans to launch new real estate projects spanning approximately 11.6 mn sq ft with a sales potential of almost ₹ 36,000 crore this fiscal, Aakash Ohri, Joint Managing Director …

Emaar India plans to invest a billion dollars over the next 4 to 5 years to develop real estate projects in the country
10 months, 1 week ago

Emaar India plans to invest a billion dollars over the next 4 to 5 years to develop real estate projects in the country

Hindustan Times  

Real estate company Emaar India plans to launch close to 8 to 10 mn sq ft this year with an investment of about a billion dollars over the next four to five years. Real estate company Emaar India plans to launch close to 8 to 10 mn sq ft this year with an investment of about a billion dollars over …

DLF to launch properties worth almost ₹80,000 crore over the next 3-4 years
10 months, 2 weeks ago

DLF to launch properties worth almost ₹80,000 crore over the next 3-4 years

Hindustan Times  

Real estate major DLF plans to launch new properties spanning approximately 32 mn sq ft with a sales potential of almost ₹80,000 crores over the next 3-4 years in line with its ‘plans of scaling up the business’ with the key launches for the next 12 to 15 months expected to be in Gurugram, Chennai, Goa and Mumbai. Real estate …

Cautious optimism: DLF's return to Mumbai real estate market
1 year, 5 months ago

Cautious optimism: DLF's return to Mumbai real estate market

Live Mint  

DLF Ltd is watching its step as it re-enters Mumbai Metropolitan Region. In the June quarter earnings call, the DLF management said it would make an equity investment of around ₹400 crore for a 51% stake in the project, spanning 3-3.5 million sq ft saleable area. The first phase of the project comprises a saleable area of 0.9 msf and …

UAE’s Emaar becomes first overseas company to start a mega-mall project in Kashmir
1 year, 9 months ago

UAE’s Emaar becomes first overseas company to start a mega-mall project in Kashmir

The Hindu  

Dubai-based Emaar, a real estate developer from the United Arab Emirates, has become the first overseas company to invest in a mega-mall spread over 10 lakh square feet in Srinagar, a first since the Centre ended Jammu and Kashmir’s special constitutional position in 2019. Describing the project as “a new dawn of limitless possibilities”, J&K Lieutenant Governor Manoj Sinha participated …

DLF sells all 1,137 luxury flats worth Rs 8,000 crore in 3 days
1 year, 9 months ago

DLF sells all 1,137 luxury flats worth Rs 8,000 crore in 3 days

Deccan Chronicle  

New Delhi: Realty major DLF Ltd on Thursday announced the sale of its entire luxury project in Gurugram, comprising 1,137 flats each costing Rs 7 crore and above, for over Rs 8,000 crore within three days, reflecting a strong demand for premium flats across major cities. In an interview, DLF CEO Ashok Tyagi and group executive director Aakash Ohri described …

DLF sells 1,137 flats in Gurugram for over ₹8,000 crore within 3 days
1 year, 9 months ago

DLF sells 1,137 flats in Gurugram for over ₹8,000 crore within 3 days

The Hindu  

Realty major DLF Ltd on Thursday said it has sold 1,137 luxury apartments, priced ₹7 crore and above, in its housing project in Gurugram for over ₹8,000 crore within 3 days, reflecting a strong demand for premium flats across major cities. In a regulatory filing, DLF informed that it has "witnessed record breaking pre-formal launch sales of ₹8,000-plus crores for …

Emaar Properties bullish on Indian realty sector; eyes to develop joint venture projects, new markets
5 years, 2 months ago

Emaar Properties bullish on Indian realty sector; eyes to develop joint venture projects, new markets

Firstpost  

In 2005, Emaar Properties entered the Indian real estate market in partnership with MGF group and invested Rs 8,500 crore through joint venture Emaar MGF Land Ltd. New Delhi: Bullish on Indian realty market, Dubai-based Emaar Properties on Wednesday said it will continue to invest in the country’s real estate space by developing its land bank and acquiring projects through …

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