Latest news with #DLFLimited
Time of India
17-07-2025
- Business
- Time of India
Why DLF's return to Mumbai is more than just another project launch
DLF Limited is back in Mumbai after a decade. They have launched Westpark, a luxury housing project in Andheri. This ₹900-crore project has high-end apartments. DLF aims to sell these apartments amidst Mumbai's booming property market. The company is partnering with Trident Group for this venture. DLF is confident about the demand for luxury homes in Mumbai. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A strategic reset? Banking on Mumbai's real estate boom Tired of too many ads? Remove Ads Road ahead Marking a bold comeback to India's financial capital after over ten years, DLF Ltd , the country's largest listed real estate developer has launched ' Westpark ', a Rs 900-crore luxury residential project in Andheri (West).The move signals DLF's renewed confidence in Mumbai's booming premium housing market and marks its first residential venture outside in partnership with Trident Group under the Slum Rehabilitation Authority (SRA) scheme, the project is a strategic shift aimed at capturing the city's soaring demand for high-end homes. The 5.18-acre project offers 416 high-end apartments priced between Rs 4 crore and Rs 7.5 crore. The flats are being sold at Rs 42,000 to Rs 47,000 per sq ft, with DLF aiming for sales realisation of around Rs 2,300 crore.'We have launched a luxury housing project 'Westpark' in Mumbai comprising 416 apartments,' said Aakash Ohri, Joint Managing Director, DLF Home Developers at the launch. 'It will be around ₹800–900 crore investment. We plan to sell around 200 units initially, but we might consider selling all 416 depending on demand.'DLF holds a 51% stake in the special purpose vehicle developing the project, with Trident holding the remaining 49%.DLF had exited Mumbai in 2012, selling its 17-acre land parcel in Lower Parel to Lodha Developers for Rs 2,700 crore as part of a debt-reduction return now follows years of financial strengthening and a calibrated focus on high-margin luxury and super-luxury the previous year, the company launched 7.5 million sq ft area during the last fiscal year for sale with an estimated revenue potential of Rs 40,600 crore. The Gurgaon-based developer recorded Rs 21,223 crore in sales bookings in FY25, a 44% rise from the previous year. Net profit surged to Rs 4,366.8 crore, supported by strong customer collections and cash flows.'We have a strong launch pipeline to meet the aspirational needs of the market; we remain on track to deliver on our outlined goals,' said Rajiv Singh, Chairman, DLF, in the company's annual report. 'Both our residential and rental businesses experienced robust growth, driven by exceptional performance and timely execution.'DLF's re-entry is timed to coincide with a historic upcycle in Mumbai's property market. According to an ET Bureau report citing official data from the Inspector General of Registration and Controller of Stamps, Maharashtra, the city registered 75,933 property deals in the first half of 2025, up 5% year-on-year, fetching Rs 6,727 crore in stamp duty revenue, up 15% are the highest ever for any half-year period.'Mumbai's residential market continues to reflect steady buyer confidence… The appetite for larger homes and properties priced above ₹5 crore remains strong, driving healthy revenue collections,' Shishir Baijal, CMD, Knight Frank India had said in buoyancy is largely driven by sustained demand for luxury and high-value homes, backed by interest rate cuts and rapid infrastructure development, including Metro network expansion, the Mumbai Coastal Road, and upgrades to arterial roads and expressways.'The sales pattern underscores a structural shift in demand, particularly for larger, high-value exclusive homes, as buyers continue to prioritise long-term lifestyle, community living and location choices. This trend is being reinforced by the government's ongoing efforts to upgrade infrastructure across the Mumbai region. These developments are not only enhancing connectivity but also reshaping buyer perceptions of emerging micro-markets,' Parthh K Mehta, CMD, Paradigm Realty had as 84% of all registrations in June were for apartments under 1,000 sq ft (split evenly between the 500–1,000 sq ft and under-500 sq ft segments), the luxury segment is clearly gaining momentum, especially in the western suburbs, which contributed 57% of registrations, followed by the central suburbs at 31%.Brokerages have taken note. Jefferies' Chris Wood, in March, had exited Godrej Properties while raising his stake in two other Indian realty giants, one of them being DLF with a 3% allocation. This reaffirmed Jefferies' bullish stance on Indian real estate — a sector the brokerage has supported for several years and was only timely as the Gurugram-based real estate major plans to launch housing projects worth Rs 17,000 crore in the current fiscal DLF has set a target to sell housing properties worth Rs 20,000-22,000 crore during 2025-26, almost in line with the last financial already sold out recent luxury launches in Gurugram, including Privana North and the super-luxury 'Dahlias' project, DLF's ability to tap Mumbai's premium market will be a critical test of its pan-India aspirations."We continue to invest in capex for our new build-outs in Gurugram, Chennai, Delhi, and Goa," the DLF boss had said in the annual report for FY25. The chairman said three retail properties are set to open to the public in the near future. "As we pursue growth, we continue to remain guided by our core values of good corporate governance, transparency, compliances, safety, quality and customer satisfaction," Singh cautious, high-value re-entry via a well-located SRA project with a trusted partner suggests a deliberate, capital-efficient approach. With high demand especially in Mumbai, premium buyer base that continues to grow, and easing interest rates, DLF's bet may be well-timed.
Mint
15-07-2025
- Business
- Mint
Ahluwalia Contracts shares jump over 7% after ₹2,089-crore DLF order win
Shares of Ahluwalia Contracts (India) Limited rallied over 7 percent in intra-day trade on Tuesday, July 15, after the company announced a major project win from DLF Limited. The order pertains to civil and structural construction, including rough finishing work for 'The Dahlias' residential project located in DLF5, Gurugram. In a regulatory filing, Ahluwalia Contracts confirmed that the project has been awarded by a domestic entity and falls under the residential housing category. The contract is valued at ₹ 2,089 crore, excluding GST, and is scheduled to be executed over 44 months, marking one of the largest recent wins for the company in the real estate construction space. The latest DLF order comes close on the heels of a series of sizeable wins by Ahluwalia. On June 27, the company had announced two significant orders worth a combined ₹ 1,103.56 crore. These included an ₹ 821 crore contract from Whiteland Corporation for residential towers in Gurugram and a ₹ 282.56 crore project from Nestled Haven Estates and Maia Estates for The Beacon development in Bengaluru. The addition of the DLF project to its order book not only boosts Ahluwalia's total project portfolio but also enhances its standing in the high-value residential construction segment. With this contract, the company continues to strengthen its association with marquee real estate developers and underlines its ability to execute large-scale projects with high-quality standards. In its exchange filing, Ahluwalia Contracts also clarified that the project is a non-related party transaction and that there is no promoter group involvement in the awarding entity, DLF Limited. Following the order announcement, Ahluwalia Contracts' share price surged as much as 7.4 percent to touch a day's high of ₹ 1,115 on the BSE. However, the stock is still over 25 percent below its 52-week high of ₹ 1,491.55, recorded in July 2024. On the downside, it hit a 52-week low of ₹ 620.65 in February 2025. Over the past year, the stock has corrected around 29 percent, mainly due to broader market volatility and sectoral pressures. Nevertheless, it has shown signs of a steady recovery in recent months. In June, the stock gained 9 percent, marking its fifth consecutive monthly rise. It was up 4 percent in May, 14.7 percent in April, 3.5 percent in March, and 27 percent in February, following declines of 24.5 percent in February and 16.5 percent in January.
Mint
15-07-2025
- Business
- Mint
Ahluwalia Contracts shares jump over 7% after ₹2,089-crore DLF order win
Shares of Ahluwalia Contracts (India) Limited rallied over 7 percent in intra-day trade on Tuesday, July 15, after the company announced a major project win from DLF Limited. The order pertains to civil and structural construction, including rough finishing work for 'The Dahlias' residential project located in DLF5, Gurugram. In a regulatory filing, Ahluwalia Contracts confirmed that the project has been awarded by a domestic entity and falls under the residential housing category. The contract is valued at ₹ 2,089 crore, excluding GST, and is scheduled to be executed over 44 months, marking one of the largest recent wins for the company in the real estate construction space. The latest DLF order comes close on the heels of a series of sizeable wins by Ahluwalia. On June 27, the company had announced two significant orders worth a combined ₹ 1,103.56 crore. These included an ₹ 821 crore contract from Whiteland Corporation for residential towers in Gurugram and a ₹ 282.56 crore project from Nestled Haven Estates and Maia Estates for The Beacon development in Bengaluru. The addition of the DLF project to its order book not only boosts Ahluwalia's total project portfolio but also enhances its standing in the high-value residential construction segment. With this contract, the company continues to strengthen its association with marquee real estate developers and underlines its ability to execute large-scale projects with high-quality standards. In its exchange filing, Ahluwalia Contracts also clarified that the project is a non-related party transaction and that there is no promoter group involvement in the awarding entity, DLF Limited. Following the order announcement, Ahluwalia Contracts' share price surged as much as 7.4 percent to touch a day's high of ₹ 1,115 on the BSE. However, the stock is still over 25 percent below its 52-week high of ₹ 1,491.55, recorded in July 2024. On the downside, it hit a 52-week low of ₹ 620.65 in February 2025. Over the past year, the stock has corrected around 29 percent, mainly due to broader market volatility and sectoral pressures. Nevertheless, it has shown signs of a steady recovery in recent months. In June, the stock gained 9 percent, marking its fifth consecutive monthly rise. It was up 4 percent in May, 14.7 percent in April, 3.5 percent in March, and 27 percent in February, following declines of 24.5 percent in February and 16.5 percent in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Indian Express
14-07-2025
- Indian Express
‘How could a father kill his own daughter? Times have changed': Residents at Radhika's ancestral village in Gurgaon
Just off Gurgaon's upscale Golf Course Road, nestled between villas and high-rises, lies Wazirabad village. Surrounded by sectors 52, 53, 56, and 57, it is only 3 km from the nearest Rapid Metro station. Over the years, much of the village land has been purchased by DLF Limited, Haryana Industrial and Infrastructure Development Corporation (HSIIDC), and Haryana Urban Development Authority (HUDA). In 2010, Wazirabad made news when 350 acres of its prime land was acquired from the panchayat and sold for Rs 17 billion to developer DLF Limited. Today, with a population of around 10,000 — predominantly Yadavs — the village, as a tehsil, records annual property registrations worth up to Rs 25,000 crore. On Thursday, Wazirabad found itself in the spotlight again. Deepak Yadav, a former resident, was arrested for murder — he had allegedly shot his daughter, a state-level tennis player. Five days after the crime, a sense of disbelief hangs in the air. 'How could a man kill his own daughter?' residents ask. 'Times have changed now.' A 59-year-old man, who lives near Mata Chowk, says Deepak was a good man. 'I had known him for years before he shifted from here. I don't know how he could do that to his daughter.' The Gurgaon Police had claimed that Deepak, when questioned after his arrest, told them that he had been upset for a while as he was being taunted by locals — Wazirabad's residents — for living off his daughter's income. Following this, Deepak had allegedly told Radhika to stop working. But she didn't. Radhika had competed in various national and international tennis tournaments, achieving a career-best ranking of 75 in Girls Under-18, 53 in Women's Doubles, and 35 in Women's Singles as per All India Tennis Association (AITA) records. According to sources, she also trained children at various academies, including one situated a few metres away from her home and another in Sector 61. On July 10, when she was cooking, Deepak picked up a revolver and killed her at their home in Sushant Lok 2 in Sector 57 — barely 1.5 km from the village. 'We are modern now' The roads in Wazirabad are uneven, lined by rows of faded pink, white, and yellow houses. Above them, a web of tangled wires stretches across the sky. Crowded shops — hardware stores, salons, furniture dealers — dot the village's boundaries. It was in late 2018 that Deepak shifted his family from here to a bigger home in Sushant Lok 2. 'They got Rs 35-40 crore as compensation for their land. Every month, they receive Rs 15-20 lakh as rent… they were very well off financially,' claims a resident. Villagers, however, insist that Wazirabad has moved with the times. 'These days women work, they wear skirts… It's very normal. You can't control anyone today,' says 64-year-old Ramesh, a resident. 'Fifty years ago, women wouldn't even step out,' he adds. 'See for yourself, girls are roaming around the way they want… We have become modern. There are five times more tenants here than locals.' Outside his house, women wearing colourful sarees have gathered to purchase kitchen utilities. The older ones still cover their heads with veils. The younger lot wears jeans and T-shirts. 'Things are not the same as they were before,' Ramesh continues. 'A woman from here became a captain. Another is a doctor who practices in America. Three sisters who play state-level Judo and Karate also teach kids martial arts.' Puffing on a hookah, Ramesh's relative, who refused to be named, joins the conversation. 'If you speak to 50 people, they'll tell you 50 different things,' he says. 'The truth is that only the father can tell you why he (Deepak) did this. No one else can truly know what compelled him.' At the Sushant Lok residence, since the crime, around 100 people from Wazirabad have been gathering outside, from 9 am to 4.35 pm, sitting on a red and yellow carpet with a tent over their heads. They refuse to let the media speak to the family. By 5, they move inside the house. Nearby, a shopkeeper selling groceries at MKM Market says, 'He (Deepak) seemed like a decent man. He would buy his groceries from here. He stopped coming and then I heard about it (the murder) on the news. I found out that he's in jail now.' Deepak has been sent to judicial custody for two weeks.
Business Upturn
14-07-2025
- Business
- Business Upturn
Ahluwalia Contracts shares surge 6% after winning Rs 2,089 crore DLF housing project in Gurugram
By Aman Shukla Published on July 14, 2025, 15:04 IST Shares of Ahluwalia Contracts (India) Ltd jumped sharply by 6% on Monday after the company secured a large-scale residential construction project worth ₹2,089 crore (excluding GST) from real estate giant DLF Limited. As of 3:06 PM, the shares were trading The project, titled 'The Dahlias' DLF5, is located in Gurugram and involves civil and structural works, including rough finishing. The order is domestic and is expected to be completed in 44 months. This deal marks a significant addition to Ahluwalia Contracts' growing order book and strengthens its presence in the premium housing segment. The company clarified that the contract does not involve any related party transactions or promoter group interest. Investors responded positively to the development, pushing the stock higher amid optimism about continued project wins in the infrastructure space. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
