One of these projects is a mixed-use development with residential and commercial components in Thane, while the other project is residential development in Mulund suburb of Mumbai. Both the developments including the first phase of Thane project have a total 1.8 million sq ft saleable area.
According to developers’ body CREDAI MCHI, there has been a double influx of construction workers at various sites in comparison to the labourers that have left in the last two months, contrary to reports on increasing reverse migration of labourers amid new covid restrictions.
Chawla, who joined DLF in April 2006, became CFO in December last year. Tyagi was the group CFO before Chawla.
According to an investors presentation, the net debt of Mumbai-based real estate developer has come down to Rs 2,846 crore as on March 31, 2018 from Rs 3,499 at the start of the last fiscal.
Overall, Godrej Properties' sales bookings rose 140 per cent to Rs 4,029 crore during the first nine months of this fiscal.
Last week, Bengaluru-based developer had purchased 66.66 per cent stake in its group firm, which holds a land parcel of 180 acres in Bengaluru, from Red Fort India and land owners for Rs 324 crore.
Developers registering projects with the Maharashtra Real Estate Regulatory Authority are mandated to declare the delivery date of projects.
The proposed commercial complex, to be constructed on a 18,120 square meter plot, would have eight small screen multiplexes for small gatherings and it will be the first of its kind in Goa.
The Supreme Court has refused to grant interim bail to Sanjay Chandra, a promoter of real estate firm Unitech Ltd, till next Friday in a case of alleged forgery lodged by home buyers of its Gurugram-based housing project.
The gross proceeds to the DLF promoters from the transaction would be approx Rs 11,900 crore.
Last week, DLF had told analysts that deal estimated to be valued at $2 billion has entered the final lap and will be placed before the audit committee for approval soon.
Get updates on your preferred social platform
Follow us for the latest news, insider access to events and more.
