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DLF eyes Rs 200 crore annual rent from 'Mall of India' in Noida
Posted on 4th August 2014
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.

'DLF Mall of India' with 2 million sq ft of leasable area is being developed in Noida in the National Capital Region at an investment of Rs 1,100 crore and touted as one of the biggest in the country.

DLF may bring some office assets under Reits
Posted on 2nd August 2014
DLF, the country’s largest property developer, is looking to bring some office assets under real estate investment trusts (Reits), an official said on Friday, in an analyst conference call.

Reits are pooled investment vehicles for this sector. They are tax-efficient, distributing 90 per cent of the income as dividend.

DLF net profit falls 29% to Rs 128 crore
Posted on 1st August 2014
DLF, India's largest real estate player has reported 29 per cent decline in consolidated net profit to Rs 127.8 crore for the quarter ended June due to lower sales in the quarter.

The net profit stood at Rs 181.2 crore in the same quarter of last year. The total income from operations also declined by 25 per cent to Rs 1,725.2 crore in April-June quarter this year against Rs 2,314 crore in the corresponding period of the previous year.

DLF plans to raise Rs 3,500 cr via CMBS issue
Posted on 16th July 2014
DLF is planning to raise up to R3,500 crore through the issue of securities backed by IT-SEZs to replace its costlier debt.

In May, DLF had launched the country’s first Commercial Mortgage Backed Securities (CMBS) to raise R525 crore against a shopping mall DLF Emporio in New Delhi.

DLF, Phoenix, Embassy look to launch investment trusts
Posted on 12th July 2014
Real estate developers like DLF, Phoenix Mills and Embassy are studying options to launch Real Estate Investment Trusts (Reits) after Finance Minister Arun Jaitley announced the income they generate will be taxed at the hands of investors.

Apart from real estate developers, global investors such as Blackstone and Brookfield also could look at launching Reits, analysts said.

CCI orders fresh probe against DLF
Posted on 25th June 2014
Fair trade regulator Competition Commission of India (CCI) has ordered a probe against a DLF group company for allegedly imposing unfair and unreasonable conditions on office buyers at one of its commercial projects in Gurgaon. Some other group entities of the real estate major have already faced probe by the CCI with regard to various other cases of anti-competitive practices.

DLF puts Pune IT park on the block, eyes Rs 300 cr from deal
Posted on 25th June 2014
Property giant DLF, which missed its debt reduction target in 2013-14, wishes to sell more properties and land parcels it considers “non-core”, said sources in the know.

As part of the plan, the company is selling its upcoming information technology park in Hinjewadi, Pune, aiming at Rs 300 crore from the sale, they said. DLF wants to use the proceeds to reduce its debt, of Rs 18,500 crore as of March-end. The two million sq ft IT park is under construction and DLF wants to sell as it is a “non-core asset”, said sources.

Kerala cancels DLF project clearance
Posted on 19th June 2012
DLF, the country’s largest real estate entity, has put on hold the delivery of its DLF Riverside luxury project in Kochi, after the Kerala government cancelled its CRZ (coastal regulation zone) clearance, for alleged breaches.

DLF did not officially comment. Sources close to the development said the company was to give possession to the buyers in a few weeks but this would now be delayed by a few months, as the company would have to re-apply for CRZ clearance.

DLF raises Rs 375 crore via commercial mortgage backed securities
Posted on 14th June 2014
Mumbai/Bangalore: DLF Ltd, India’s largest realty developer in terms of market capitalization, has raised Rs.375 crore by issuing commercial mortgage backed securities (CMBS) against its South Delhi based luxury mall DLF Promenade Ltd.

A CMBS is a form of debt product wherein the developer raises capital against a rent-yielding commercial asset for a tenure of seven- eleven years depending upon the specific tenure of each issuer. The paper carries a fixed interest rate unlike other debt instruments.

DLF debt-cut plans to be delayed by two years
Posted on 31st May 2014
DLF plans to halve its debt would be delayed by up to two years, a statement from the realty company said on Friday.

Early last year, the company had said it aimed to reduce its debt, which stood over Rs 21,000 crore then, to Rs 10,000-11,000 crore through the sale of non-core assets and improved cash flows.

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