
DLF shares rise 3% after real estate firm posts ₹623 cr Q2 profit
DLF says it continues to see sustained demand momentum across all segments
DLF says it continues to see sustained demand momentum across all segments
Realty sector is the second-highest employment generator in India, after agriculture
Eight billionaires from real estate make it to this year's list of wealthiest Indians as the sector continues to remain resilient post-pandemic.
The promoter was reportedly planning to offload shares worth ₹1,086.2 crore at around 3% discount to the current market price.
Luxury apartment sales pick up as uber rich focus on building personalised spaces.
The Gurugram-based real estate company's stock hit a 52-week high of ₹461.65 apiece on the BSE.
The apartments have been sold in the pre-launch sale of DLF’s s luxury high-rise residences, The Arbour, which is located at DLF Sixtythree on Golf Course Extension in Sector 63, Gurugram.
The Noida Authority issued the notice to DLF on December 23 and asked to pay the amount in 15 days.
The growing consolidation and formalisation of the real estate sector has ensured that there are enough and more developers beyond KP Singh of DLF, who tops the sectoral list at ₹70,341 crore.
In realty and auto counters, Indiabulls Real Estate, DLF, Sobha, TVS Motor, Tata Motors, and Escort were top performers post RBI policy announcement