Real estate firm DLF Ltd. plans to focus on its rental arm and monetise its Rs 10,000-crore finished inventory to beat the subdued demand in the country’s real estate market. “Today, the DLF model has two halves to it—one is the rental vertical DLF Cyber City Developers Ltd. and other is the residential side,” Chief Financial Officer Ashok Tyagi told BloombergQuint in Read More

The Nifty Realty index has declined 2% on Friday as selling pressure was seen in Indiabulls Real Estate, DLF, Oberoi Realty, Sunteck Realty, and Sobha. Shares of Indiabulls Real Estate and DLF, which declined 4% each, were leading the index’s fall. Shares of Oberoi Realty and SunTeck Realty also contributed to the fall, declining 3% each. Shares of Sobha dropped 1%. However, shares of Brigade and Phoenix cushioned the Read More

Real Estate Regulatory Authority (RERA) act is expected to be implemented in Maharashtra by May 1, 2017. Rajeev Talwar, Group ED, DLF spoke about how much could the organised players in the space stand to benefit by this act. He said the industry has taken up RERA very positively. “Any regulation in any sector is well intentioned. With all due Read More