Page 19 - City Developers News Today

Camellias, a super luxury project in Gurugram, alone raked in Rs 1,035 crore in sales.

DLF leases 3 lakh sq ft office space in Gurgaon SECTIONS Share Synopsis The office space leasing in Delhi-NCR witnessed a net absorption increase of 5% quarter-on-quarter in January-March, with 1.07 million sq ft, according to a report by international property consultant JLL. Agencies The office space leasing in Delhi-NCR witnessed a net absorption increase of 5% quarter-on-quarter in January-March, with 1.07 million sq ft, according to a report by international property consultant JLL. Real e...

The realty major on Thursday announced that its material subsidiary DLF Cyber City Developers (DCCDL) has completed the acquisition of 51.8% stake in Fairleaf Real Estate for Rs 779.40 crore.Consequently, Fairleaf has become a wholly owned subsidiary of DCCDL. DCCDL had in December 2020 entered into a securities purchase agreement with funds managed by Hines for acquisition of their stake in Fairleaf, which owns and operates One Horizon Centre, Gurugram. One Horizon Centre is an asset forming p...

Ambuja Cements reported 23.64% rise in consolidated net profit to Rs 732 crore on 5.55% rise in net sales to Rs 7350 crore in Q4 December 2020 over Q4 December 2019. The board of directors of ACC has approved the renewal of the existing Master Supply Agreement (MSA) with Ambuja Cements (ACL) for a period of 3 years w.e.f. May 02, 2021, on the same terms of the existing MSA Agreement. DLF said its material subsidiary DLF Cyber City Developers (DCCDL) has completed the acquisition of this 51.8%...

Domestic indices declined for fourth consecutive session on Friday. Rising COVID-19 case and mixed global cues triggered profit selling in domestic shares. The Nifty ended below the 15,000 mark. Banks, metals and pharma shares tumbled. As per the provisional closing data, the barometer index, the S&P BSE Sensex, dropped 434.93 points or 0.85% at 50,889.44. The Nifty 50 index lost 137.2 points or 0.91% at 14,981.65. Selling was broad based. The S&P BSE Mid-Cap index slipped 1.48% while the S&P ...

DLF Preps for Public REIT, Hiring KPMG and Morgan Stanley Posted on 01/30/2021 DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF and Singapore’s GIC Private Limited. DLF Cyber City Developers owns and operates a 35 million square-foot rental portfolio. The rental unit of DLF Ltd. hired consultants as it prepares for a real estate investment trust (REIT). DLT hired Morgan Stanley as banker, Shardul Amarchand Mangaldas & Co as legal advisor, and KPMG as financial and tax advi...

The realty major reported 9% rise in consolidated net profit to Rs 452 crore on 15% jump in net sales to Rs 1543 crore in Q3 FY21 over Q3 FY20.Consolidated profit before tax came rose 5% to Rs 386.76 crore in Q3 FY21 from Rs 368.61 crore in Q3 FY20. Current tax expense fell 26.2% year on year to Rs 104.24 crore in Q3 FY21. EBITDA jumped 49% to Rs 624 crore in Q3 FY21 from Rs 419 crore in the same period last year. DLF said demand in the residential business is improving, aided by a low-interest...

Developers raises Sh1.3 billion in Nairobi housing project sales Thursday January 28 2021 By BONFACE OTIENO Summary Clay City Developers Limited has sold about six percent of its 5,200 affordable houses located at Clay City on Thika Road in Nairobi, raising Sh1.3 billion from the sale. The Clay City project, which sits on 36 acres is being built through a joint venture between Housing Finance (HF) Development and Investment and Clay Works Limited. The Sh11 billion project is being funded by a m...

Nifty, Sensex continues to rise – Monday closing report Moneylife Digital Team / IANS  0 We had mentioned in previous week’s closing report that Nifty, Sensex were trending higher. On Monday, the major indices continued to climb higher. On the NSE, there were 1,357 advances, 549 declines and 341 unchanged.   The trends of the major indices in the course of Monday’s trading are given in the table below:     DLF plans to acquire 51.8% stake in Fairleaf, a joint venture company. DLF Cyb...

Read more about Sensex, Nifty scale record high on Business Standard. Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 366.54 points or 0.78% at 47,340.08. The Nifty 50 index was up 106.30 points or 0.77% at