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DLF may sell 900 Crore worth assets to repay its loan
Posted: October 5th, 2013, 10:23 pm
by mybdaprop
http://timesofindia.indiatimes.com/busi ... 274839.cms
Check this link..
There is a big cash crunch in Apartment builders, huge player like DLF itself is feeling heat of no cash and only loan, and no demand for hefty price apartments..
Real estate bubble is bursting in India.. keep watching news media for more and more similar news on cash problems with builders...
Re: DLF may sell 900 Crore worth assets to repay its loan
Posted: October 7th, 2013, 10:38 am
by msn1270
DLF is having financial issues since last 3 years. There is no surprise in that.
1) They backed out of 900 Acres Bidadi Knowledge City project.
2) Sold their insurance business.
3) Sold their Hospitality Business.
4) Backed out of their Title sponsorship to IPL Series.
5) Delayed their Bangalore + Chennai's First Residential project completion already by 2 years.
Group of the owners of this project have already staged demonstration multiple times in front of their office last month.
6) Discontinued couple of their proposed projects in South India in last one year.
7) Discontinued their proposed retail business venture.
8) They have outstanding of around 16000 crores to banks for this financial year
9) Working with real estate brokers aggressively to sell their unsold units.
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still they have not reduced their project prices not only in Bangalore, nowhere in india.
They made/invested in plenty of assets long back from (IPO issues at Rs. 600 for a Rs. 2 Face Value Share)
investors money & enjoying. These are media news are meant only to avoid paying dividends to those pity
share holders.
Re: DLF may sell 900 Crore worth assets to repay its loan
Posted: October 7th, 2013, 10:46 am
by jpnagarprop
Mostly India's-son-in-law is taking his investment back from DLF
