DLF has reportedly sealed Mumbai’s NTC Mill land deal with the Lodha group on Thursday, Aug 9. According to sources close to development the top management of the Lodha Group are in Delhi for signing of the memorandum of understanding with DLF.
DLF has plans to roll out new residential projects at Ludhiana, Jalandhar, Panipat and Kasauli as part of company’s strategy to strengthen its presence outside Gurgaon.
Reacting to the Veritas recommendation of a ‘blanket’ sell on Indiabulls stocks, the company has reacted sharply blaming Veritas report to be factually incorrect. The group responded to the report by saying it will initiate ‘appropriate criminal proceedings on the authors of the research report for publishing false and factually incorrect data.’
Tata Housing and Arvind Real Estate, the real estate arm of Arvind Limited has announced the launch of the phase-II of the 135 acre integrated sustainable township in Ahmedabad.
DLF on Tuesday, Aug 7, said it expects to close sale of three non-core assets, which will help pare its debt by about 5,000 crore, by the end of the current fiscal.
Shares in DLF, India’s biggest real estate developer, traded higher in-line with the broader BSE realty index Tuesday, Aug 7, morning. At 11 a.m., the stock traded 1.3 per cent higher at Rs 214 on the BSE. The shares, up 15.4 per cent this year, are lagging a near-21 percent gain in the real estate index.
Runwal Group, has reportedly purchased Neosym Industry Ltd, a metal manufacturing company located on LBS Marg in Bhandup owned by Kolkata industrialist C K Birla’s family.
Kumar Urban Development Limited (KUL) has launched a series of shops at different locationsof Pune at an investment of about over Rs 250 crores.
Sahara Group has agreed buy a controlling stake in the city’s iconic Plaza Hotel for USD 570 million from the Israeli-owned real estate company Elad Properties.
DLF is in advanced stages of negotiation with Lodha Developers to sell its prime land in Mumbai for about Rs 2,700 crore and a deal is expected to be finalised shortly.