DLF is aiming for quarterly sales of Rs 2,000-2,500 crore this fiscal year, with launches planned in Panchkula, Gurgaon, and Goa. The real estate developer, which has already made Rs 3,000 crore from low-rise impartial flooring, is counting on lavish gross sales and aiming for another Rs 2,500 crore from low-rise buildings in Haryana's Panchkula and Gurgaon. Consumers are looking for larger homes...
A high-rise society in Sector 57 had five residential units demolished by the department of town and country planning (DTCP). According to officials, these apartments were built without the necessary building plans and competent authority permission in the stilt area of three towers in Aloha: B4, B5, and D6. According to district town planner (enforcement) Amit Madholia, "The enforcement team breached...
The Delhi-based company submitted the Draft Red Herring Prospectus (DRHP) to the capital markets regulator SEBI last month in order to raise up to Rs. 1000 crore through an IPO. The real estate company, Signature Global India Ltd., reported a net loss of Rs. 115.5 crore during the previous fiscal year. The company is preparing to conduct a Rs. 1,000 crores public offering. Its net loss for the fiscal...
On Friday, the Cabinet meet held under the chairmanship of Chief Minister Manohar Lal Khattar and approved changes to the Deen Dayal Jan Awas Yojna-Affordable Plotted Housing Policy. The Deen Dayal Jan Awas Yojna-Affordable Plotted Housing Policy, 2016, had a clause that barred the freezing of 50% of the saleable area. This change appears to have boosted the real estate market and ensured that the...