Latest news with #DLF
Economic Times
4 hours ago
- Business
- Economic Times
Malls, restaurants & hotels turn galleries for art
Art is now finding its way into malls, restaurants, and hotels. Developers like DLF and Prestige are showcasing art. Hotel chains like Leela are opening art-focused restaurants. Ambrosia Hospitality's Arts Room allows diners to buy art via QR codes. Experts believe this trend will create more art awareness. Even cultural centers and museums are incorporating retail spaces. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: Malls, restaurants and hotels have emerged as new places to display and sell art. Developers such as DLF and Prestige are showcasing art at their luxury malls in Delhi and Bengaluru, while hotel chains like Leela have opened restaurants with a focus on Hospitality has opened a restaurant, Arts Room, in Delhi's Saket where diners can buy art using the QR codes on the art works.'Globally, art finds a place in shopping malls and airports and some luxury brands also tie up with artists for designing the product. As art is life, and life is art, it has become an important aspect of retail as well,' said Padma Shri awardee artist Paresh Maity. 'We have started seeing the trend in India also with Jio World Convention Centre and some malls displaying and selling art. In India, art was always public and with hotels, restaurants and malls now promoting it, it will create more awareness about art.'While Nita Mukesh Ambani Cultural Centre in Mumbai has a luxury retail space nearby, the upcoming Kiran Nadar Museum of Arts is also likely to have luxury retail space.'Art has always been integral to public spaces in India — from architecture to everyday craft. Today, we're seeing a natural extension of that in luxury malls, hotels, restaurants and high-end residential condominiums, where art is not just displayed but also made accessible. Globally too, art increasingly finds its way into unconventional spaces, from airports to retail, enriching everyday experiences,' said Amit Goyal, managing director, India Sotheby's International a leading auction house, has conducted several art exhibitions and auctions in collectors and connoisseurs, art acquisition is a serious business and conventionally they go through established routes such as galleries and auction houses and private sales, which offer provenance and curation.'Art adds visual interest and depth, making spaces more inviting and visually stimulating. In premium retail real estate, curated art collections elevate the perceived value of a property, signalling sophistication. At UB city, Sublime Galleria, we collaborate with emerging artists, fostering a culture of creativity while giving our properties a distinct and exclusive identity,' said Uzma Irfan, director, UB City, Prestige said that once art lived in quiet galleries and museums and that it needs to be mixed with shopping and food so that more people get access to it.'The idea is to make art more accessible. While we are a restaurant first, we also offer a unique experience where guests can explore and engage with curated artworks as part of their visit,' said Navneet R Bajaj, owner, Arts Room (Ambrosia Hospitality). 'Many may not make a separate trip to an art gallery, but here, they can admire, learn about and even purchase art — with 100% of the proceeds going directly to the artists. We take no commission, serving instead as a platform to support and celebrate Indian artists.'The Leela Palace New Delhi recently opened The Qube restaurant with a cinematic digital art wall in collaboration with art platform Masha Art. The canvas features a rotating collection of digital artworks by upcoming Indian artists such as Shrikant Kadam, Swaraj Das, Seema Kohli and Rajesh Badaria.'We have curated an immersive experience where contemporary design, global flavours and digital art come together in harmony. This offers our guests a new way to engage with hospitality, which is culturally rich,' said Preeti Makhija, general manager at The Leela Palace New players said that restaurants, cafes, hotels and cultural hubs are now also becoming creative playgrounds.
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Business Standard
a day ago
- Business
- Business Standard
Focus on these 2 realty stocks amid correction; charts hint upto 23% upside
Technical analysis shows that DLF and Sobha are relatively better-placed on charts compared to other realty stocks; here are the key levels to track on these 2 shares. Listen to This Article Following a strong sell-off on Monday, shares of real-estate (realty) companies were seen trading on a mixed note in Tuesday's trading session. The Nifty Realty index was up 1.7 per cent at 927 levels; while the NSE benchmark held a marginal gain of 15-odd points at 24,697 levels. Among individual realty stocks - Lodha (Macrotech Developers), DLF, Godrej Properties, Oberoi Realty and Prestige Estates rallied in the range of 1 - 3 per cent each; while Mahindra Lifespace, Raymond and Sobha declined around 1 - 2 per cent each. CATCH STOCK MARKET UPDATES TODAY
Hindustan Times
2 days ago
- Business
- Hindustan Times
DLF sells out Phase 1 of Mumbai debut project: 20% buyers are NRIs from Mumbai, penthouses sold for ₹70,000 per sq ft
Delhi-NCR-based real estate major DLF has said that 20% of homebuyers for its debut premium residential project in Mumbai, The WestPark in Andheri West, are Non-Resident Indians (NRIs), primarily those originally from Mumbai. The company has also secured bookings from members of the Bollywood fraternity. Mumbai real estate update: Delhi-NCR-based real estate major DLF has said that 20% of homebuyers for its debut premium residential project in Mumbai, The WestPark in Andheri West, are Non-Resident Indians (NRIs), primarily those originally from Mumbai. (Picture for representational purposes only)(Pexels) DLF revealed on July 25 that it has sold out all four towers launched under Phase 1, generating sales bookings worth ₹2,300 crore. The project was officially launched on July 17. 'We have around 20% homebuyers who are NRI but originally from Mumbai. Our teams visited places like Kuwait, the US, UK, and Singapore, where we received several bookings from NRI homebuyers,' said Aakash Ohri, Joint Managing Director and Chief Business Officer, DLF Home Developers Ltd. Ohri said that DLF also received bookings from homebuyers based in South Mumbai, Pune, Nanded, Gujarat, and other regions. 'We've also had four to five bookings from the Bollywood fraternity,' he confirmed, though he declined to reveal specific names. Initially, the company launched two towers comprising part of the 416 apartments available in Phase 1. However, due to high demand, two additional towers were released, leading to a 'complete sellout' of the phase. "The second phase launch will now be looked into, and we will work on getting approvals for the second phase. We look forward to launching the second phase next year around this time." Ohri said. Speaking on the difference between homebuyers in Mumbai and Delhi-NCR, Ohri noted that Mumbai buyers tend to be more personally involved in the homebuying process. He said that they are not only seeking the signature DLF lifestyle, but are also specifically looking for larger-sized apartments. "We received feedback that we should have bigger 3 BHK apartments, and in the next phase, we will work towards it," Ohri said. According to the company, the entire project is spread across 10 acres and will feature a mix of 3 BHK and larger apartments ranging from 1,125 sq ft to 2,500 sq ft. In the first phase, apartments are priced between ₹37,500 and ₹54,000 per sq ft. However, Ohri said that the company managed to sell the penthouses in the project at a price of ₹70,000 per sq ft.' Also Read: DLF sells all 416 luxury apartments worth ₹2,300 crore in its debut Mumbai project More projects in the Mumbai real estate market According to Ohri, the company has already received a few proposals for more projects in the Mumbai real estate market. "We already have a few proposals, but nothing is concrete for now. Anybody can send proposals that way, but for now, we have to go to the board and inform them about our Andheri progress, followed by the further strategy for the next phase in Andheri," Ohri said. Goa launch According to Ohri, DLF plans to enter the Goa real estate market with its first project, which will feature luxury villas priced above ₹50 crore. 'In the coming months, our focus will be on launching these ultra-luxury developments,' he said. Also Read: Mumbai real estate: All you need to know about the Andheri West real estate market as DLF launches its first project All about its Mumbai real estate market project On July 17, DLF, in partnership with Trident Realty, launched 416 apartments in four towers in the Andheri West area of Mumbai. The companies will invest nearly ₹900 crore to develop this luxury housing project. The development will also include 845 dedicated car parking spaces, along with separate visitor parking facilities. The project will feature a 50,000-square-foot clubhouse equipped with many amenities, including a wellness hub, yoga studios, meditation decks, co-working spaces, lounges, and several other lifestyle facilities. The company had said that the development will comprise eight architecturally distinctive towers. The first phase will introduce four towers, each 37 storeys high and offering a total of 416 residences. Also Read: DLF's Mumbai debut: Adopts cautious project pricing aligning with Andheri West real estate market rates The homes include a select mix of spacious 3-and 4-BHK residences ranging from 1,125 to 2,500 sq ft, along with a limited number of penthouses.
Mint
2 days ago
- Business
- Mint
Wipro, DLF to CRISIL: 7 key stocks to trade ex-dividend today, 28 July 2025
Dividend Stocks 2025: Wipro, DLF, CRISIL, EIH Associated Hotels, KPIT Technologies, Shyam Metalics and Energy, and The Yamuna Syndicate are the seven key stocks to trade ex-dividend today, 28 July 2025. These companies, along with many others, have designated July 28, 2025, as the record date for identifying and finalising a list of eligible shareholders for dividends. To be included on the list of eligible shareholders for dividends under the T+1 settlement method, investors had to buy stock in these companies at least one day before the record date. Wipro Ltd.— The company will pay an interim dividend of ₹ 5 per equity share with a par value of ₹ 2 to its members, with July 28, 2025, being the record date. The interim dividend will be paid on or before August 15, 2025. DLF — The company has a recommendation of a dividend of ₹ 6/- per equity share with a face value of ₹ 2/- for FY 2024-25 (300%), subject to shareholder approval. EIH Associated Hotels—On May 20, 2025, the Board of Directors recommended a 75% final dividend ( ₹ 1.5/- per equity share with a face value of Rs. 2/-) to shareholders for the fiscal year 2024-25. CRISIL—The Board of Directors has approved a second interim dividend of Rs. 9 per equity share with a face value of Re 1 for the fiscal year ending December 31, 2025. The dividend will be paid on August 8, 2025. KPIT Technologies — The company will be distributing a final dividend of ₹ 6 per equity share of face value of ₹ 10 each (i.e., 60%) for FY 2024-25, subject to declaration of the same by members at the ensuing Annual General Meeting. Shyam Metallics — For the fiscal year 2025-26, shareholders will receive an interim dividend of ₹ 1.80/- per share, equal to 18% of their face value of Rs. 10. The Yamuna Syndicate Ltd.—The company has suggested a final dividend of ₹ 500/- per equity share of ₹ 100/- for the fiscal year ending March 31, 2025, subject to approval by shareholders at the upcoming Annual General Meeting.
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Business Standard
2 days ago
- Business
- Business Standard
DLF-Trident JV sells ₹2,300 Cr worth luxury flats in Mumbai in just 7 days
India's largest real estate company, DLF Ltd, in joint venture with Trident Realty, has pulled off a blockbuster sale of all 416 luxury apartments launched in its Mumbai project The Westpark, raking in a whopping ₹2,300 crore—within just a week of launch. Developed under a Slum Rehabilitation Authority (SRA) scheme in Andheri West, The Westpark marks DLF's strategic re-entry into the Mumbai market after over a decade. The joint venture, in which DLF holds 51% and Trident 49%, launched the first phase of the 5-acre project at a premium pricing of ₹42,000–₹47,000 per sq ft, with apartments priced between ₹4 crore and ₹7.5 crore. "Mumbai has always been a key component of our national growth strategy. With The Westpark, we are proud to offer a development that resonates with the aspirations of the city's discerning residents," said Aakash Ohri, Joint MD and Chief Business Officer, DLF Home Developers Ltd. The duo plans to invest ₹900 crore in building the project, which sold out entirely within days, signalling robust demand for luxury homes in India's financial capital. This is not the first time DLF has hit a home run this year. Just last month, it sold out 1,164 units in its Gurugram project DLF Privana North for approximately ₹11,000 crore. Together, the Mumbai and Gurugram launches have helped DLF cross 50% of its annual sales booking guidance of ₹20,000–₹22,000 crore in the first few months of FY26. DLF's previous stint in Mumbai real estate included a 17-acre land deal with Lodha Developers for ₹2,700 crore in 2012 and a short-lived JV with Akruti City. But the company had since stayed away from India's most expensive housing market—until now. With The Westpark, DLF is betting big again. The project's full sellout in record time reflects both brand equity and a surge in demand from affluent buyers for high-end homes in strategic locations. DLF's Record Year DLF reported a record sales booking of ₹21,223 crore in FY25, up 44% from the previous year. Net profit for the fiscal surged to ₹4,366.82 crore, with revenues touching ₹8,995.89 crore. The developer has more than 280 million square feet of development potential across residential and commercial projects, and an annuity portfolio exceeding 45 million sq ft. Key points to note: Pricing and Configuration Development & Investment Phase 1 Construction Cost: Approx. ₹900 crore Entire Project Launch: Part of DLF's strategic re-entry into Mumbai after over a decade Project Type: Luxury residential gated development Expected Timeline: Underway; development work to follow full sellout of Phase 1 All Phase 1 units (416 flats across four 37-storey towers) sold out in under a week, driving DLF's Mumbai debut success. The non-resident Indians made up around 20% of buyers, with penthouses priced at ₹35 crore each (approx ₹70,000/sq ft). The ₹900 crore development plan for the 5-acre Phase 1 is within a larger 10-acre SRA master plan.
