Only one newspaper advertisement and such a mad rush. No sample flat, no animated videos and still people rushing for investments. The recently launched, uber luxury high-rise housing project, The Arbour by DLF in Gurguram, proved to be a runaway success, with bookings of over 1,000 flats in just three days. At a time when inflation is up, the economy not so flourishing, and markets are not very bullish, what makes this super expensive offering of DLF on the Golf Course Extension Road in Gurugram such a craze? Is it a real value for your buck? Let’s find out in this video….
For NIfty, the immediate support on the downside is at 16,850-16,800, while the immediate hurdle is at 17,100. As long as the index moves in this range, it will remain sideways
The project sprawls across 25 acres, comprising five towers. The 3,900-plus sq ft apartments come with four-bedrooms and large decks.
Real estate company DLF witnessed record-breaking pre-formal launch sales of more than Rs 8,000 crores for its luxury high-rise residences, The Arbour. Moneycontrol was the first to report on DLF's expected revenue for its new luxury project last month And now in an interview with Group Executive Director, Aakash Ohri and Ashok Tyagi, Chief Executive Officer called The Arbour the Pathaan of real estate and they also spilled the beans about DLF's future plans and the impact of SVB collapse on commercial leasing. Watch for more.
Nifty stands at the strong polarity support of 16,800 – 16,750 levels, failing to hold which the index is likely to see a further correction towards 16,450 – 16,400 zones
DLF, the country's largest real estate firm in terms of market cap, sold all 1,137 units, each costing Rs 7 crore and above, for over Rs 8,000 crore within 3 days (February 15-17).
The stock rose more than 4 percent on March 17, with significantly higher volumes.
Equities just about snapped a 5-day losing streak on Thursday, but a cautious undertone prevails. The buy-on-dips approach has now been replaced by a flee-on-rise mindset.
Hindustan Petroleum Corporation was one of the star performers, rising over 6 percent to Rs 244.5, the highest closing level since January 25 this year and formed robust bullish candle on the daily timeframe, with strong volumes. The stock traded well above all key moving averages (9, 21, 50, 100 and 200-day EMA - exponential moving average).
The real estate developer's residential business had also delivered 24 percent year-on-year growth in the third quarter.
DLF, India’s largest listed real estate company, witnessed record breaking pre-formal launch sales of Rs 8,000+ crores for its luxury high-rise residences, The Arbour.
KP Singh, Chairman Emeritus of the DLF Group, spoke to CNBC-TV18 about finding love again after losing his wife to cancer.
Post the larger correction seen for residential developers we continue to favour Godrej Properties and Macrotech Developers against DLF and Oberoi realty. Godrej Properties, Macrotech Developers and Prestige Estates Projects are already trading at 16-38 percent discount to their price-to-book averages, Jefferies said.
DCCDL has rent-yielding office and retail properties of around 40 million square feet with an annual rental income of around Rs 4,000 crore.
KP Singh says he enjoyed all the “twists and turns” of his life as he hopped on from one place to another for a decade.
Singh lauded the Modi government's efforts in the last eight years but said that it would be wrong to say that a base for development wasn't created earlier.
The project, Arbour, is DLF's first high-rise condominium after nearly 10 years.
The Adani group's listed firm lost about USD 125 billion in market value in three weeks after the report. Some recovery has been seen in the last couple of days.
The company will be launching a high-rise condominium project after almost a decade and is eyeing a revenue potential of Rs 8,000 crore
Over the past year, consumer companies have been dealing with margin contraction under high raw material cost pressures and lower volume offtake amid inflationary environment
YES Securities is bullish on DLF has recommended buy rating on the stock with a target price of Rs 568 in its research report dated January 29, 2023.
Motilal Oswal recommended Neutral rating on DLF with a target price of Rs 415 in its research report dated January 27, 2023.
Markets are in for a flat start after Friday's rout. Wall Street clocked weekly losses but the SGX Nifty is hinting at an extremely flat start for Indian equities as mood is likely to stay cautious ahead of Union Budget on Wednesday. Meanwhile, Adani group stocks will be in focus today after logging market cap loss of over Rs 4 lk cr in last week's selloff. Stocks in focus: Adani Enterprises, DLF, HDFC AMC.
The company plans to develop around 1,100 apartments in this residential project, DLF Group Executive Director and Chief Business Officer Aakash Ohri told PTI.
DLF's -- the country's largest realty firm in terms of market capitalisation -- sales bookings stood at Rs 4,544 crore in the year-ago period.