Dlf Cyber City

DLF appoints 1981 batch-IRS officer Mahender as independent director

DLF Ltd has appointed Mahender Singh as independent director for a period of five years. In a regulatory filing, the company informed that the board of directors approved, the appointment of Mahender Singh as an independent director for a period of five consecutive years with effect from August 7, 2024. This is subject to the approval of the shareholders. Singh, who holds a master's degree in English, is an IRS (Customs and Central Excise) officer of the 1981 batch. With a career spanning 37 years, he has held various important positions in direct Taxation i.e. Customs, Central Excise and Service Tax. He superannuated as Member (GST), Central Board of Indirect Taxes and Customs in December 2018. In March 2019, Singh was appointed as Member of the first Lokpal of India. He superannuated in March 2024.

CBI nabs 43 in association with cyber crime network operating from Gurugram

The CBI has arrested 43 people during a crackdown on a Gurugram-based call centre, nabbing the suspected cyber criminals live in the act of defrauding foreign nationals by promising to address issues with their computers, officials said Friday. The CBI has booked a company, Innocent Technology (OPC) Pvt Ltd which runs from Gurgram's DLF Cyber City, and raided its premises as part of the agency's ongoing Operation CHAKRA-III aimed at dismantling sophisticated cyber-enabled financial crime network operating across multiple countries since 2022. A total of seven locations in Delhi and its posh suburbs of Noida and Gurugram were searched. During the operation, a task force comprising cybercrime domain experts swiftly descended on the call centre, capturing several employees engaged in live cyber crime activities, resulting in the interception of substantial incriminating evidence. "The CBI is actively coordinating with the FBI and law enforcement agencies across various nations via ...

DLF rental arm DCCDL's office rental income rises 7% to Rs 3,460 cr in FY24

DLF's joint venture firm DCCDL's rental income from office buildings increased 7 per cent annually to Rs 3,460 crore in the last fiscal, driven by rent appreciation and expansion of the asset portfolio. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm. DCCDL has an operational rental portfolio of 41.9 million square feet, of which 37.9 million square feet area is office space and 4 million square feet retail real estate. According to an investor presentation of DLF, the DCCDL's rental income from office buildings increased to Rs 3,460 crore in 2023-24 from Rs 3,232 crore in the preceding year. The rental income from retail assets (malls and shopping centres) rose 18 per cent to Rs 865 crore last fiscal from Rs 735 crore in 2022-23. Service and other operating income grew 14 per cent last fiscal to Rs 1,489 crore from Rs 1,311 crore in the preceding year. "DLF's ren

DLF's FY24 sales down 2% to Rs 14,778 crore due to subdued March qtr

India's largest realty firm DLF's sales bookings declined 2 per cent annually to Rs 14,778 crore during the last fiscal year due to a subdued March quarter, which did not see any major project launch despite strong housing demand. Its sales bookings stood at record Rs 15,058 crore in the preceding year. According to an investors presentation, DLF's sales bookings in the fourth quarter of the 2023-24 fiscal fell to Rs 1,462 crore from Rs 8,458 crore in the year-ago period as it did not launch any big projects for sale. Giving details about sales in the last fiscal, DLF said that 82 per cent contribution came from new launches. Out of the total sales bookings, its luxury housing project 'DLF Privana South' at Sector 76/77, Gurugram contributed Rs 7,200 crore. The company achieved a sales bookings of around Rs 1,200 crore from Chandigarh Tri-city. It also sold commercial SCOs(Shop-com-office) for about Rs 1,240 crore. Independent floors in Gurugram were sold for Rs 1,215 ...

DLF sells 1,113 luxury flats for Rs 7,200 cr within 3 days in Gurugram

Realty major DLF on Monday said it has sold 1,113 luxury apartments in Gurugram for Rs 7,200 crore within three days of pre-launch amid strong demand for residential properties. In a regulatory filing, DLF announced "pre-formal launch sales of approximately Rs 7,200 crore for its latest luxury residential development, DLF Privana South in Gurugram." In March last year, DLF had sold 1,137 luxury apartments, priced Rs 7 crore and above, in its housing project in Gurugram for over Rs 8,000 crore within 3 days. Now, DLF has launched new project 'DLF Privana South' which is spread over 25 acre in Sectors 76 and 77, Gurugram. "This luxury residential offering by DLF was sold out within 72 hours, in its pre-launch phase," DLF said. The project will comprise 1,113 luxury residences across 7 towers, presenting 4 BHK apartments and penthouses. DLF Privana South will be part of a larger development, "DLF Privana" spread over 116 acre. Aakash Ohri, Joint Managing Director and Chief Business

DLF Q4 net profit declines 16% to Rs 405 cr; total income falls 13%

Realty major DLF on Tuesday reported a 16 per cent decline in its consolidated net profit to Rs 405.33 crore for the quarter ended in March. Its net profit stood at Rs 480.94 crore in the year-ago period, the company said in a regulatory filing. Total income declined to Rs 1,652.13 crore during the fourth quarter of the last fiscal from Rs 1,906.59 crore in the corresponding period of the previous year. Net profit rose to Rs 1,500.86 crore during the last financial year from Rs 1,093.61 crore in the 2020-21 fiscal year. Total income rose to Rs 6,137.85 crore in 2021-22 from Rs 5,944.89 crore in the previous year.

DLF rental arm raises Rs 1,000 crore through debentures

The NCDs will be listed on the Wholesale Debt Market of BSE

DLF Cyber City completes acquisition of 51.8% stake in Fairleaf Real Estate

The group, through its subsidiary DLF Cyber City Developers (DCCDL), purchased 51.8 per cent stake in the firm that operates Gurgaon's upmarket commercial complex One Horizon Center

DLF: Investors should await total biz recovery before considering stock

With the Cyber Park project rents commencing, expect the growth on the rental front to remain steady

DLF's K P Singh retires with a regret, Gurgaon not the dream city he wanted

The 90-year-old Singh, who left an army job in 1961 to join DLF -- a company started by his father-in-law in 1946 -- retired as the company's chairman on Thursday

Day 1 of lockdown 3.0: India limps back, but industry still in limbo

With public transport still not allowed in 130 red-zone districts, which comprise some of the economically important urban centres, people took out their private vehicles.

DLF to invest Rs 1500 cr on new office space in Gurugram, to tap demand

"We are developing 3.2 million sq ft office space in the first phase of this new project, located on national highway and adjacent to DLF Cyber City project," DLF said

DLF transfers Noida mall, land to JV firm; reduces dues to Rs 5,500 cr

At the end of 2018, DLF owed Rs 8,700 crore to DLF Cyber City Developers Ltd (DCCDL), which is a joint venture between DLF and Singapore sovereign wealth fund GIC

Proxy firms split on DLF Cyber City deal

DLF executives call SES rationale poor and baseless