DLF Shopping Malls is planning to focus on Delhi-NCR as that is ‘where the consumption is’. It is evaluating retail opportunities in a holiday resort town outside the national capital
The breadth of the market favoured the advances with 1047 stocks advancing and 470 declining while 518 remained unchanged. On the BSE, 1001 stocks advanced, 431 declined and 54 remained unchanged.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 28.5 points or 0.27 percent. Nifty futures were trading around 10,681 -level on the Singaporean Exchange.
The company plans to issue up to 17.3 crore shares through qualified institutional placement (QIP) to raise funds, as part of its objective to become a debt-free company.
The company's net profit stood at Rs 4,091.27 crore in the year-ago period, the company said in a regulatory filing.
The breadth of the market favoured the advances with 1010 stocks advancing and 667 declining while 379 remained unchanged. On the BSE, 1286 stocks advanced, 1015 declined and 149 remained unchanged.
Net Sales are expected to increase by 13.3 percent Y-o-Y (down 10.3 percent Q-o-Q) to Rs. 1,919 crore, according to HDFC Securities.
The breadth of the market favoured the declines with 647 stocks advancing and 973 declining while 440 remained unchanged. On the BSE, 965 stocks advanced, 1291 declined and 168 remained unchanged.
Chawla, who joined DLF in April 2006, became CFO in December last year. Tyagi was the group CFO before Chawla.
The charging outlet named PlugNgo will be installed at businesses and residential complexes across cities, and will be networked and connected to its cloud-based integrated software platform, the company said in a release.
Mumbai among Indian cities tops the list. Mangal Prabhat Lodha of Lodha Group gets the top spot among richest individuals from the Real Estate sector, Jitendra Virwani of Embassy secures the second spot followed by Rajiv Singh of DLF.
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The sales bookings is likely to jump over two-fold this fiscal as the company had sold flats worth Rs 1,000 crore only, during 2017-18, due to a six-month suspension of sales to comply with the new real estate law.
"We are waiting for a calmer market to launch QIP," DLF's group CFO Saurabh Chawla said in a conference call with analysts.
In February, DLF had bought the land for nearly Rs 1,500 crore in an e-auction conducted by HSIIDC
DLF has already signed a term sheet with Hines to develop a prime commercial project on 11.76 acre land parcel in Gurugram that it bought for nearly Rs 1,500 crore through e-auction conducted by the Haryana government in February.
Equity markets around the globe have been under pressure on account of trade war fears, interest rate hike and valuation concerns
Its net profit stood at Rs 14.16 crore in the year-ago period, the company said in a regulatory filing.
The realty space is the biggest loser among sectoral indices as the Nifty Realty index dropped nearly 25 percent year-to-date against 7 percent upside in Nifty50.
The 3.5 acres were alleged to have been bought for Rs 7.5 crore by Vadra's company and later sold to DLF for Rs 58 crore after getting a licence to develop a colony.
As per the proposal, the DLF will now invest Rs 1,439.11 crore to develop the Cyber Park project, as against the earlier estimate of Rs 412.67 crore.
The big bull made his first share purchase of the Delhi-based realtor in 2016, according to a source