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On 6 December 2023, the Central government made amendments to the SEZ Act, permitting demarcation of parts of SEZ areas as non-SEZ areas after repayment of tax benefits availed till date.
DLF Cyber City Developers (DCCDL), the rental arm of DLF, has applied for denotification of 1.1 million sq ft of office space in Special Economic Zones (SEZs) and plans to start leasing it by March end. The SEZ portfolio of DLF has a vacancy of about 16%, while the non-SEZ portfolio has a vacancy of only 3%. The government's amendment in SEZ rules in December 2023 allows partial and floor-wise denotification, benefiting IT and ITES companies. DLF has already applied for denotification and is working out the duty drawback payment with a chartered surveyor.
The DLF Board also approves the sale of DLF Centre to DLF Cyber City Developers for an aggregate consideration of ₹825 crore.
Silence your phones. If you have any documents, you can submit them to me. You can bring them to the front rail and ill pick them up from there. When your item of interest comes up and your Public Comment is called, please line up to speak along your right of the room. Ultimately you may submit your comments by writing, and you may do by sending it to me, my email. Or you may submit your written comment to see our office city hall, thats Clerks Office room 244 city hall address is carleton place, 941102. If you submit your Public Comment in writing, i will forward it to the committee. And fina...
The 4th PropertyGuru Asia Property Awards (India) recognise the nation's finest real estate companies