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The NCDs issued in 2021 are maturing in March 2024, but DLF has exercised the option to prepay the NCDs one year ahead of the schedule on annual interest reset date of 25th March 2023.
The Board of Directors of DLF Limited, at its meeting held today have approved the financial results of the company for the period ended December 31, 2022 - Q3FY23 and 9MFY23.
DLF Ltd has pioneered several commercial and residential projects leveraged by the advantage of experience, resources and the vision to think ahead of its times.
The real estate major also plans to aggressively expand its office segment and double the retail portfolio by FY27.
Real estate developers are rushing to grow their portfolios in Mumbai as India’s most profitable property market could see a supply surge over the medium term, according to UBS.