Noida Authority issues Rs 235 cr notice to DLF over Mall of India issue

The Noida Authority has issued a notice to real estate developer DLF to pay Rs 235 crore as compensation to the previous owner of the land on which the Mall of India has been built, a senior official said Monday. The DLF, however, said it was yet to receive the communication. The development comes in the backdrop of a Supreme Court order on May 5 in which it had directed the Noida Authority to ensure payment of compensation for the land to its previous owner Veerana Redyy. "Yes," Noida Authority CEO Ritu Maheshwari told PTI, confirming that the notice has been issued. Another senior official told PTI that the notice was issued to DLF on December 23 and the amount has to be remitted in 15 days. When contacted, a DLF spokesperson said in a statement: "We have not received any notice. Once we get it, we will review it." The DLF Mall of India is located in Sector 18, Noida's commercial hub. The land where the mall has been built was acquired by the Noida Authority, which functions u
27-12-2022

NCLAT sets aside CCI order on DLF, remanded back directing to examine

The case pertains to CCI rejecting a complaint against DLF and its subsidiary for alleged abuse of the dominant position on the basis of a second/supplementary report from DG.
26-12-2022

Noida cops tell mall, bar operators to step up security for X-mas, New Year

The Noida Police on Friday held a meeting with operators of shopping malls and bars to review security arrangements ahead of Christmas and New Year and asked them to ramp up preparations during the festive season. The police warned that they would take strict action in cases of drunk driving but also said this time in a novel initiative they would be arranging hired cabs with verified drivers to help tipplers reach home safe. According to industry estimates, nearly two lakh revellers are expected on New Year's eve and January 1 at shopping malls in Sector 18, the biggest market and revenue generator of Noida. The review meeting was held at the NEA Bhawan in Sector 6 in the presence of DCP Noida Harish Chander, Additional DCP Ashutosh Dwivedi and ACP Rajneesh Verma with representatives of malls like Gardens Galleria, DLF Mall of India, Radisson Blu, and bar operators in attendance. The meeting came a day after Police Commissioner Laxmi Singh visited the busy markets and malls in the
23-12-2022

CCI likely to appeal against NCLAT order in DLF matter: Sources

The Commission in 2018 had found DLF in contravention of the Competition Act for abusing its dominant position and discriminatory practices
23-12-2022
Bigul

DLF LTD. - 532868 - Compliance-57 (4) : Prior intimation to the beginning of the quarter

Compliance under Regulation 57(4) of SEBI (LODR) Regulations, 2015
23-12-2022
Bigul

Trouble for DLF as NCLAT voids clean chit from CCI

CCI cannot order supplementary investigation after contravention detected, says NCLAT
22-12-2022

Capacit'e Infraprojects bags Rs 117 cr order from DLF to build Mall in Goa

Construction firm Capacit'e Infraprojects Ltd on Tuesday said it has bagged an order worth Rs 117.20 crore from DLF Ltd for the construction of a mall in Goa. The contract amount of Rs 117.20 crore excludes GST and labour cess. "Capacit'e Infraprojects Ltd has been a preferred construction company for leading corporates in India. In line with this thought, DLF entrusted responsibility for their mall project, company's managing director Rahul Katyal said. Further, the company said that the order inflow for the current fiscal, along with the existing order book, gives it confidence to deliver good growth in the coming quarters.
20-12-2022

DLF is on firm ground, but its stock needs new triggers now

Sales momentum has largely sustained for DLF so far, despite the ongoing interest rate hikes and, consequently, rising home loan rates.
07-12-2022

Neutral DLF; target of Rs 425: Motilal Oswal

Motilal Oswal recommended Neutral rating on DLF with a target price of Rs 425 in its research report dated December 06, 2022.
07-12-2022
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