DLF Q3 results: Net profit up by 61% to ₹1,059 crore; The Dahlias helps realty major to surpass FY25 sales guidance
2 months ago

DLF Q3 results: Net profit up by 61% to ₹1,059 crore; The Dahlias helps realty major to surpass FY25 sales guidance

Hindustan Times  

Real estate major DLF on January 24 reported a 61% increase in its consolidated profit to ₹1,058.73 crore for the third quarter ended December 31, 2024. Real estate major DLF on January 24 reported an almost 61% increase in its consolidated profit to ₹ 1,058.73 crore for the third quarter ended December 31, 2024. DLF's housing business continues its growth trajectory In a statement, DLF said that the company's housing business continues its growth trajectory, delivering record new sales bookings of ₹12,093 crore during the December quarter. “Our development business continues its growth trajectory, delivering record new sales bookings of ₹12,093 crore during the quarter.

Business Growth Development Profit Gurugram Crore Quarter Dlf Net Profit Dahlias Its Growth Trajectory  net  crore  guidance  profit  growth  business  development  bookings  stood  q3  realty  results  surpass  major  fiscal  helps  sales  dlf  quarter

History of this topic

DLF stock rises 3%, rallies for second consecutive day after posting strong Q3 earnings; Buy or sell?
1 month, 3 weeks ago

DLF stock rises 3%, rallies for second consecutive day after posting strong Q3 earnings; Buy or sell?

Live Mint  

DLF share price remained in the spotlight on Tuesday's trading session after the stock continued its gaining streak for the second consecutive day. DLF stock rose as much as 3.4 per cent on January 28, finally ending the day at ₹727.80 on National Stock Exchange. On Monday, the DLF shares surged over 5 per cent to an intraday high to …

Dahlias project sets the stage for DLF’s rosy FY25 exit
1 month, 3 weeks ago

Dahlias project sets the stage for DLF’s rosy FY25 exit

Live Mint  

Realty firm DLF Ltd's FY25 pre-sales target of ₹17,000 crore was certainly a tall order, as the first half of FY25 was marred by muted new launches and weak sales in existing projects. However, given the high base in FY25 and the exhaustion of ready-to-move inventory of housing units, timely and steady new project launches are crucial for DLF to …

DLF’s $4 billion luxury Indian project to take four years to build
1 month, 3 weeks ago

DLF’s $4 billion luxury Indian project to take four years to build

Live Mint  

By Dhwani Pandya MUMBAI, Jan 27 - India's DLF said on Monday it would take more than four years to build its $4 billion ultra-luxury project near New Delhi and that Indians living abroad were joining locals in snapping up apartments in one of the country's priciest developments ever. DLF is targeting buyers as a rise in wealthy Indians has …

HDFC Bank Q3 net profit rises 2% to ₹16,736 crore, gross NPA rises
2 months ago

HDFC Bank Q3 net profit rises 2% to ₹16,736 crore, gross NPA rises

The Hindu  

HDFC Bank Ltd. reported a 2% growth in net profit for the third-quarter ended December 31, 2024, compared with ₹16,373 crore in the year-ago period. Profit after tax, adjusted for trading and mark to market gains, prior year one-off provisions, and prior year tax credits, grew 13.6% over the quarter ended December 31, 2023, the private sector lender said. Net …

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

Stocks to Watch: ICICI Bank, Yes Bank, Coal India, Inox Wind, Lodha, REC, and more
4 months, 3 weeks ago

Stocks to Watch: ICICI Bank, Yes Bank, Coal India, Inox Wind, Lodha, REC, and more

Live Mint  

The Indian stock market saw a mixed performance in the second quarter of 2023, with several major companies reporting strong financial results. ICICI Bank, Yes Bank, and REC reported significant increases in their net profits, while Coal India and Bharat Petroleum saw a decline in their profit margins. Inox Wind and DLF reported significant profit gains, while Bank of Baroda …

DLF plans to launch ₹1.04 lakh crore worth real estate projects in medium term
8 months ago

DLF plans to launch ₹1.04 lakh crore worth real estate projects in medium term

Hindustan Times  

New Delhi, July 26 Realty major DLF plans to launch nearly 37 million square feet area for sale in the medium term across various cities with revenue potential of ₹1.04 lakh crore as part of its strategy to encash strong demand for luxury homes. DLF plans to launch nearly 37 million square feet area for sale in the medium term …

DLF profit up by 23% to ₹645.61 crore in Apr-June quarter
8 months ago

DLF profit up by 23% to ₹645.61 crore in Apr-June quarter

Hindustan Times  

Real estate major DLF Ltd on July 25 reported a 23% rise in its consolidated net profit at ₹645.61 crore in the first quarter of this fiscal on higher income. Real estate major DLF Ltd on July 25 reported a 23% rise in its consolidated profit to ₹ 645.61 crore in the first quarter of this fiscal on higher income. …

DLF aims 15% growth in sales bookings at ₹17,000 crore this fiscal
10 months, 1 week ago

DLF aims 15% growth in sales bookings at ₹17,000 crore this fiscal

Hindustan Times  

Realty major DLF has set a 15% growth target in sales bookings this fiscal at ₹17,000 crore as it plans to launch many luxury housing projects across Gurugram, Goa and Mumbai amid strong consumer demand, its MD Ashok Tyagi said. DLF has set a 15% growth target in sales bookings this fiscal at ₹ 17,000 crore as it plans to …

DLF to launch properties worth almost ₹80,000 crore over the next 3-4 years
1 year, 1 month 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 …

15 real estate firms, including DLF, figure in the list of India’s most valuable companies
1 year, 1 month ago

15 real estate firms, including DLF, figure in the list of India’s most valuable companies

Hindustan Times  

As many as 15 real estate companies, including DLF, Macrotech and Godrej Properties, figure in the list of India's most valuable companies released by Axis Bank's private banking unit Burgundy Private and Hurun India. As many as 15 real estate companies, including DLF, Macrotech and Godrej Properties, figure in the latest rankings on India's most valuable companies. The list of …

DLF enters into an agreement to acquire land parcel in Gurugram for ₹825 crore
1 year, 2 months ago

DLF enters into an agreement to acquire land parcel in Gurugram for ₹825 crore

Hindustan Times  

Real estate major DLF Ltd has entered into an agreement to acquire a 29-acre land parcel in Gurugram for ₹825 crore. Real estate major DLF Ltd has entered into an agreement to acquire a 29-acre land parcel in Gurugram ₹ 825 crore. In the filing, DLF said the company, directly or through its affiliates, intends to acquire overall rights and …

DLF Q3 profit increases by 27% to ₹656 crore
1 year, 2 months ago

DLF Q3 profit increases by 27% to ₹656 crore

Hindustan Times  

Real estate major DLF Ltd on January 24 reported an almost 27% increase in its consolidated net profit that stood at ₹655.71 crore in the December quarter on the back of sustained housing demand. Real estate major DLF Ltd on January 24 reported a 26.5% increase in its consolidated net profit that stood at ₹ 655.17 crore on the back …

DLF to launch 2 luxury housing projects in Gurugram: MD Ashok Tyagi
1 year, 6 months ago

DLF to launch 2 luxury housing projects in Gurugram: MD Ashok Tyagi

Business Standard  

Realty major DLF Ltd will launch two luxury housing projects worth Rs 15,000 crore in Gurugram during the second half of this financial year to expand its business amid strong demand for premium homes, its Managing Director Ashok Kumar Tyagi said. Buoyed by sales of Rs 8,000 crore worth of flats within three days in February in its new project …

Cautious optimism: DLF's return to Mumbai real estate market
1 year, 8 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 …

DLF sells properties worth Rs 2,040 crores in April-June; sales bookings remain flat
1 year, 8 months ago

DLF sells properties worth Rs 2,040 crores in April-June; sales bookings remain flat

India TV News  

Realty major DLF sold properties worth Rs 2,040 crore during the first quarter of this fiscal, mainly driven by demand for its luxury properties in Delhi and Gurugram. When contacted, DLF Group Executive Director Aakash Ohri said the sales bookings remained strong during the June quarter. According to an investor's presentation, DLF sold 13 units in 'The Camelias' housing project …

DLF to launch projects worth ₹20k crore, targets sale bookings of ₹12k cr
1 year, 10 months ago

DLF to launch projects worth ₹20k crore, targets sale bookings of ₹12k cr

Hindustan Times  

Realty major DLF Ltd will launch projects worth ₹19,710 crore for sale by March next year and aims to achieve sale bookings of around ₹12,000 crore in this fiscal on strong housing demand. On Friday, DLF reported that its sale bookings jumped more than two-fold to a record ₹15,058 crore last fiscal from ₹7,273 crore in the previous year. Buoyed …

Sobha shares slide over 6% as I-T dept raids real estate developer’s office
2 years ago

Sobha shares slide over 6% as I-T dept raids real estate developer’s office

Live Mint  

Shares of Sobha Ltd plunged a little over 6 per cent in Wednesday's trade as the Income Tax Department carried out searches at the real estate developer's registered office and other premises. The company's consolidated net profit fell nearly 48 per cent to ₹31.8 crore for the three months ended 31 December. The company's total expenses surged 51.7 per cent …

DLF to invest around ₹3,500 cr for housing project in Gurugram
2 years ago

DLF to invest around ₹3,500 cr for housing project in Gurugram

Hindustan Times  

Realty major DLF will invest around ₹3,500 crore over the next four years to construct a new luxury housing project in Gurugram as its seeks to tap strong demand for residential properties. The total construction cost will be around ₹ 3,500 crore over the next four years, DLF group executive director Aakash Ohri said. In an interview with PTI, DLF …

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

Did DLF really sell 1,137 Gurugram flats at ₹7 crore each in 3 days?
2 years, 1 month ago

Did DLF really sell 1,137 Gurugram flats at ₹7 crore each in 3 days?

Hindustan Times  

A photo that is currently going viral on the internet shows a massive crowd at real estate developer DLF’s office after the launch of a new project in Gurugram. Delhi-based research analyst Alok Jain shared a picture that showed people queuing up apparently to buy luxury properties worth over ₹7 crore. The founder of Weekend Investing wrote, “Someone sent me …

Housing sales bookings of top 9 listed realty firms up 2% at nearly Rs 5,800 cr in Q3; new launches halve in April-December period
5 years, 1 month ago

Housing sales bookings of top 9 listed realty firms up 2% at nearly Rs 5,800 cr in Q3; new launches halve in April-December period

Firstpost  

The first three quarters of fiscal 2020 indicate that the overall sales bookings of the top 9 developers was close to Rs 16,500 crore as against Rs 15,730 crore during the corresponding period of the previous year. New Delhi: Housing sales bookings of top 9 listed real estate developers rose 2 per cent to nearly Rs 5,800 crore during the …

DLF to invest Rs 5,000 cr in new commercial project in Chennai; company eyes to expand rent-yielding property portfolio
5 years, 2 months ago

DLF to invest Rs 5,000 cr in new commercial project in Chennai; company eyes to expand rent-yielding property portfolio

Firstpost  

Tamil Nadu Chief Minister Edappadi Palaniswami laid the foundation stone of ‘DLF Downtown’ at Taramani in Chennai. Chennai: India’s largest realty firm DLF on Thursday announced an investment of Rs 5,000 crore to develop large commercial project here as part of its strategy to expand portfolio of rent yielding properties. We are investing Rs 5,000 crore in phases for developing …

DLF eyes Chennai, to invest Rs 5000 cr in new commercial project in Taramani
5 years, 2 months ago

DLF eyes Chennai, to invest Rs 5000 cr in new commercial project in Taramani

India TV News  

India's largest realty firm DLF on Thursday announced an investment of Rs 5,000 crore to develop large commercial project here as part of its strategy to expand portfolio of rent yielding properties. The total commercial area, largely office spaces to be constructed under the new project, is 6.8 million sq ft in various phases. We are investing Rs 5,000 crore …

DLF sells 376 completed flats worth Rs 700 cr in Gurugram housing project; says real sector facing demand slowdown
5 years, 5 months ago

DLF sells 376 completed flats worth Rs 700 cr in Gurugram housing project; says real sector facing demand slowdown

Firstpost  

According to an investor’s presentation, DLF’s net sales bookings stood at Rs 705 crore in the June quarter New Delhi: Realty major DLF on Sunday said it has sold 376 ready-to-move-in luxury flats worth Rs 700 crore on the first day of the launch of its new housing project in Gurugram, even as the overall property market is facing a …

DLF to raise Rs 3,200 crore via QIP in a bid to become debt-free; issue subscribed two times
5 years, 11 months ago

DLF to raise Rs 3,200 crore via QIP in a bid to become debt-free; issue subscribed two times

Firstpost  

DLF launched its qualified institutional placement offering up to 17.3 crore shares to investors New Delhi: Realty major DLF’s QIP issue has been oversubscribed by two times, enabling the company to raise around Rs 3,200 crore. On Monday, DLF, the country’s largest real estate firm in market value, had launched its qualified institutional placement offering up to 17.3 crore shares …

DLF launches QIP to raise over Rs 3,000 cr with an aim to become debt-free company; shares down 3.49%
6 years ago

DLF launches QIP to raise over Rs 3,000 cr with an aim to become debt-free company; shares down 3.49%

Firstpost  

According to a regulatory filing, DLF has launched its QIP on Monday and the floor price has been fixed at Rs 193.01 per equity share. New Delhi: Realty major DLF on Monday launched its QIP offer to raise over Rs 3,000 crore by selling 17.3 crore equity shares to qualified institutional investors. With an aim to become a debt-free company, …

DLF to invest over ₹ 1,400 crore in Gurugram project
6 years, 6 months ago

DLF to invest over ₹ 1,400 crore in Gurugram project

Live Mint  

New Delhi: Realty major DLF Ltd will invest over ₹ 1,400 crore to develop a commercial project in Gurugram after the firm received environmental clearance to expand the office space by nearly 1 million square feet. The Haryana government has increased the floor area ratio in its new transit-oriented development policy and DLF had applied for development of increased built-up …

Monetising assets: DLF sells Saket shopping mall to its wholly-owned arm for Rs 904 crore
9 years ago

Monetising assets: DLF sells Saket shopping mall to its wholly-owned arm for Rs 904 crore

Firstpost  

Move in line with the strategy to structure ownership of existing assets in order to facilitate potential monetisation either through REITs or otherwise in future India’s largest realty firm DLF today sold its shopping mall at Saket in the national capital to its wholly-owned subsidiary for Rs 904.5 crore as part of its strategy to consolidate and monetise the rental …

DLF ties up with Snapdeal to sell flats online | India TV News
10 years ago

DLF ties up with Snapdeal to sell flats online | India TV News

India TV News  

New Delhi: With e-commerce business growing in India, realty major DLF has tied-up with online market place Snapdeal to sell its apartments and would offer 1 per cent discount to potential home buyers. DLF will offer on Snapdeal about 50 flats in eight housing projects across the country in a price range of Rs 34 lakh to Rs 3 crore. …

DLF to sell properties worth Rs 15,000-cr in various projects- India TV News
10 years ago

DLF to sell properties worth Rs 15,000-cr in various projects- India TV News

India TV News  

New Delhi: Realty firm DLF is looking to monetise properties worth about Rs 15,000 crore to boost its cash flow and reduce debt, a senior company official said. Stating that sales have been "low" since last year, Tyagi said bookings would comfortably cross Rs 3,000 crore in this fiscal, lower than Rs 4,070 crore in the 2013-14 financial year. With …

Indiabulls Real Estate Q3 net jumps 177% on higher sales
10 years, 1 month ago

Indiabulls Real Estate Q3 net jumps 177% on higher sales

Firstpost  

Indiabulls Real Estate Ltd today reported more than two-fold jump in consolidated net profit at Rs 78.75 crore for the third quarter ended 31 December on higher sales. New Delhi: Indiabulls Real Estate Ltd today reported more than two-fold jump in consolidated net profit at Rs 78.75 crore for the third quarter ended 31 December on higher sales. Its total …

DLF shares sink 28% on Sebi's ban; market cap falls by Rs 7,439 cr
10 years, 5 months ago

DLF shares sink 28% on Sebi's ban; market cap falls by Rs 7,439 cr

Firstpost  

DLF was the worst performer among the 50-bluechip Nifty scrips. Mumbai: Shares of realty giant DLF today fell sharply by over 28 per cent, wiping-out Rs 7,439 crore from its market valuation, after Sebi imposed a three-year ban on the company and its top executives from securities markets. After falling 29.99 per cent to Rs 102.70 – its lifetime low …

DLF eyes Rs. 200cr annual rent from 'Mall of India' in Noida
10 years, 7 months ago

DLF eyes Rs. 200cr annual rent from 'Mall of India' in Noida

India TV News  

New Delhi: India's biggest realty firm DLF is expecting Rs. 200 crore rental income per year from its large luxury shopping mall in Noida to be launched early next year. 1,100 crore and touted as one of the biggest in the country.DLF has leased about 90% of the area and the mall is expected to be launched in February-March 2015, …

DLF hit by slowing home sales, net profit declines 29%
10 years, 7 months ago

DLF hit by slowing home sales, net profit declines 29%

Firstpost  

Founded by billionaire KP Singh, DLF, which is valued by the market at $5.9 billion, has been selling non-core assets to reduce its net debt, which was $3.15 billion as of end-June. DLF Ltd, India’s top real estate developer, reported a 29 percent fall in quarterly net profit, hit by slowing home sales in Asia’s third-largest economy as high inflation …

DLF Q2 profit falls 28% on slowing home sales
11 years, 4 months ago

DLF Q2 profit falls 28% on slowing home sales

Firstpost  

India’s largest realty firm DLF today reported 28 percent fall in its consolidated net profit at Rs 100.05 crore during second quarter of the current fiscal due to lower sales and higher interest and tax outgo. New Delhi: India’s largest realty firm DLF today reported 28 percent fall in its consolidated net profit at Rs 100.05 crore during second quarter …

Forget new launches, even existing flats will take more than 2 yrs to sell
11 years, 6 months ago

Forget new launches, even existing flats will take more than 2 yrs to sell

Firstpost  

With rising interest rates, slowing sales, a crippling liquidity crunch and exit of black money from the real estate prior to elections, India’s top developers are in for a tough ride as they might be forced to generate liquidity, especially in Delhi-NCR and the Mumbai Metropolitan Region. Inventories at all-time high Not only are real estate inventories in the residential …

DLF cuts debt by 6 per cent
11 years, 7 months ago

DLF cuts debt by 6 per cent

The Hindu  

DLF, on Tuesday, said it planned to bring down its net debt to Rs.17,500 crore by the end of this fiscal despite the $300 million deal to sell Aman resorts chain not going through. The company had brought down its debt by over 6 per cent during quarter ended June 30, 2013, to Rs.20,369 crore boosted by sales and funds …

DLF exits life insurance business
11 years, 8 months ago

DLF exits life insurance business

The Hindu  

Realty firm DLF has decided to exit the life insurance business. DLF announced is foray into the life insurance business in 2001 through a joint venture with U.S. insurance giant Prudential Financial’s arm. “The company, on Thursday, signed definitive agreements to sell its 74 per cent stake in the life insurance joint venture to Dewan Housing Finance and its group …

DLF starts sale of shares via IPP route
11 years, 10 months ago

DLF starts sale of shares via IPP route

The Hindu  

Realty major DLF has filed an offer document with SEBI for issue of up to 8.10 crore equity shares, worth Rs. As per the red herring prospectus, the country’s largest real estate firm will issue up to 8,10,18,417 equity shares of face value of Rs. Last month, DLF’s shareholders approved the sale of fresh equity shares to meet market regulator …

DLF completes sale of Aman Resorts
12 years, 3 months ago

DLF completes sale of Aman Resorts

The Hindu  

DLF on Wednesday announced sale of its luxury hospitality chain Amanresorts to its founder Adrian Zecha for $300 million. Definitive agreement DLF’s arm DLF Global Hospitality Ltd and Adrian Zecha, the founder and chairman of the Amanresorts Group of luxury resorts, have signed a definitive agreement to effect Zecha’s management buy-out of DGHL’s 100 per cent share holding in Silverlink …

DLF reduces debt by Rs 2,000 crore, launching new projects
12 years, 4 months ago

DLF reduces debt by Rs 2,000 crore, launching new projects

India TV News  

New Delhi, Nov 14: The country's largest realty player DLF has reduced its net debt by Rs 2,000 crore during the ongoing quarter to Rs 21,220 crore on the back of sale of its prime land in Mumbai to Lodha Developers. Its current net debt stands at Rs 21,220 crore as against Rs 23,220 crore as on September 30, according …

Surprise! DLF a winner on Mumbai land sale buzz
12 years, 7 months ago

Surprise! DLF a winner on Mumbai land sale buzz

Firstpost  

Shares of DLF, the country’s largest listed real estate firm, rose 1.2 percent to Rs 197 after a report the company was about sell a plot in Mumbai to Lodha group and a private equity company for Rs 2,800 crore. The sale of 17.5 acre will help the company cut its debt that stood at Rs 22,725 crore as of …

Chart: In realty, DLF is a sell but Oberoi Realty a buy
12 years, 8 months ago

Chart: In realty, DLF is a sell but Oberoi Realty a buy

Firstpost  

While Oberoi Realty is llikelly to gain from new development rules in Maharashtra, DLF’s asset sale targets have not given much confidence on debt reduction. Research firm Nirmal Bang and foreign brokerage CLSA are bullish on Oberoi Realty on hopes that new development rules will facilitate simpler approval processes for new launches and improve volumes for Oberoi, but are bearish …

Will luxury homes solve DLF's massive debt problem?
12 years, 9 months ago

Will luxury homes solve DLF's massive debt problem?

Firstpost  

In a move to reduce debt after a shocking 39 percent drop in net fourth-quarter profit, real estate major, DLF plans to focus on luxury and plans to open two malls in the Delhi NCR region by 2014. India’s biggest real estate developer, DLF, plans to focus on building luxury homes and continue selling non-core assets to reduce debt, the …

DLF may trim Rs 3,000 cr debt this year
13 years, 7 months ago

DLF may trim Rs 3,000 cr debt this year

Firstpost  

New Delhi: DLF Ltd, India’s largest listed property firm, plans to pare its debt by Rs 2,500-3,000 crore in the current fiscal year to end-March 2012, the Business Standard reported on Tuesday, citing a senior company executive. DLF, which had a net debt of Rs 21,524 crore at the end of June, is planning to divest non-core assets to raise …

Falling market prompts DLF to sell assets, reorganize debt
16 years, 1 month ago

Falling market prompts DLF to sell assets, reorganize debt

Live Mint  

New Delhi: The sharp decline in the Indian property market has led DLF Ltd, the country’s largest real estate developer by market value, to plan selling assets and reorganizing debt in the coming quarters. On Saturday, DLF reported a 68.72% decline in net profit to Rs670.79 crore for the third quarter ended December compared with Rs2,144.98 crore in the corresponding …

Realtors to report sharp fall in earnings: analysts
16 years, 2 months ago

Realtors to report sharp fall in earnings: analysts

Live Mint  

New Delhi: Property developers are expected to report a sharp slump in revenues and profits for the three months to December on weak home and office demand, and high financing costs, five brokerages have predicted. For Unitech, DLF’s closest rival by revenues, India Infoline has predicted sales to come down by 53% at Rs532 crore in the December quarter, from …

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