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GURGAON DLF CYBERCITY
Gurgaon court directs police to initiate process to declare Ramesh Sanka, former IREO CEO a “proclaimed offender”The order was issued after an arrest warrant against him returned unexecuted. The court said it “is satisfied that the presence of the accu...- DLF Cyber City Developers raises Rs 2,500 crore in two LRDsThe two transactions follow one for Rs 2,400 crore that the company raised from State Bank of India in October 2020 at an interest of 7.35%...
- DLF leases 2 lakh sq ft to Facebook“The space has been taken at DLF Atria, on NH8. Average rental in the area is Rs 120 per sq ft per month,” said a senior executive aware of...
- DLF to invest Rs 5,000 crore to develop 6.8 million sq ft IT park in ChennaiThe 27 acre project will be developed by DLF's joint venture firm with GIC named DLF Cyber City Developers Ltd (DCCDL). The total commercia...
- Companies renewing office leases ahead of expiry to cap costsOccupancy levels in Indian commercial real estate have been rising over the last few years on demand from new players in ecommerce, healthc...
- Hines to pay Rs 900 crore for 49% stake in DLF's proposed Gurgaon projectThe DLF subsidiary will hold 51% stake in this partnership, while the rest will be held by the fund managed by Hines.
- DLF inks pact with Hines for 12-acre Gurgaon plot joint developmentDLF subsidiary will hold 51% stake in this partnership, while rest will be held by the fund managed by Hines, the developer said in a regul...
- DLF to mull share warrant, QIP issue on FridayA substantial chunk of the proceeds, after paying tax and other charges, will be used to help reduce DLF’s debt.
- DLF's net debt falls 5% to Rs 21,411 crore"Cost of debt on a consolidated basis has moved down from 12.5 per cent as on April 1, 2015 to 11.6 per cent as on Dec 31, 2015," the prese...
- Delhi NCR accounts for over 50% of total office supply in Q1Occupiers even considering Built-to-Suit (BTS) options for both brownfield as well as Greenfield projects; besides also preferring older ma...
- Gurgaon's DLF CyberHub a big hit; but hike in excise duties for imported liquor may hurt F&B outletsA bad news for these outlets is the excise hike for imported liquor by the Haryana govt, including a new levy called assessment on imported...
- Top three factors to support DLF in near term, but re-rating unlikely: CLSAWhile large asset sales could provide near-term balance sheet relief, weakness in devco pre-sales continues to constrain cash flows.
- Blackstone Group in advance talks to buy 40% stake in Gurgaon DLF CybercityNew York-based Blackstone is looking to buy the stake at a capitalisation rate of about 9.5%, which is the potential return on investment.
- DLF to form two REIT platforms to monetise assetsCo to form two REIT platforms, one for office & another for retail, to monetise its nearly 30 mn sq ft of commercial assets to increase cas...
- Office rentals may rise by 25 per cent says Cushman & WakefieldOffice rentals are likely to climb up in coming months because of a shortage of quality spaces in key business districts around the country.
- DLF follows Gujarat model, to install solar panel on commercial buildingsDLF is set to become the first real estate developer in the country to generate power by installing solar panels on top of its office build...
- DLF office leasing up 50% in FY14 to 3 million square feetDLF Ltd has leased out a 3 million square feet of office space in 2013-14 with many marquee MNCs and Indian companies despite slowdown in e...
- DLF office rental income to reach Rs 2,500 cr by FY15Going forward, company has plans to cut debt to below Rs 15k cr level so that the finance cost gets covered by its rental income.
- DLF won't sell core assets as credit begins to flowDLF promoters had sold a 9.9% stake in the past month to raise Rs 3,980 crore, which has put the company in a comfortable position.
- Haryana extends stamp duty exemption to woo MNCsThe Haryana government has exempted units manufacturing electronics and electrical goods and all IT-related industry in the state from payi...
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