DLF Universal Limited

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DLF Universal Limited

DLF Limited, or DLF, is India's largest real estate developer based in New Delhi, India. The DLF Group was founded by Chaudhury Raghuvendra Singh in 1946. DLF developed some of the first residential colonies in Delhi such as Krishna Nagar, South Extension, Greater Kailash, Kailash Colony and Hauz Khas. In 1957, with the passage of Delhi Development Act, the government assumed the control of real estate development activities in Delhi and the role of private real estate developers was restricted. As a result DLF began acquiring land at relatively low cost outside the area controlled by the Delhi Development Authority, particularly in the district of Gurgaon in the adjacent state of Haryana. In the mid-1970s, the company started developing its ambitious DLF City project which helped transform Gurgaon from a farming village to a commercial and real estate hub. DLF has been instrumental in putting Gurgaon on the urban landscape of India. Its upcoming plans include hotels, infrastructure and special economic zones-related development projects.^[1]

The company is currently headed by Indian billionaire Kushal Pal Singh, who inherited the company from Chaudhury. Kushal Pal Singh, according to the Forbes listing of richest billionaires in 2008, now stands as the 8th richest man in the world. The company's US$ 2 billion IPO in July, 2007 created India's biggest IPO in history.^[2] In July 2007, DLF announced its first quarter results ending 30th June 2007. The company reported a turnover of Rs. 3,120.98 Crore and PAT at Rs. 1,515.48 Crore.

Recent history
Developments
Joint Ventures
Awards and Recognition
Sponsorship
Criticsm
External links
References

Recent history

Until the mid-1990s, most of DLF's operations were in Gurgaon and Delhi metropolitan area. However, with increased assets, DLF has been trying to ramp up it's operations all over India. A major investment made by DLF was a INR 700 Crore ( INR 7 billion ) buyout of NTC Mill Land in Mumbai. Some of DLF's other development initiatives include a US$ 2.1 Billion investment in Tamil Nadu^[3], a multi-billion dollar business park in Bangalore^[4], a US$ 1.7 billion investment in Madhya Pradesh's real estate and infrastructure sector^[5], and a INR 10 billion investment plan for developing special economic zones in Orissa.^[6]

Developments

DLF builds high quality residential, office and retail properties. Most have 24x7 drinking water supply, 24x7 electricity supply, but not 24x7 piped gas. Some residential developments are high-security restricted-access gated communities, such as Hamilton Court in Gurgaon. ^[7] ^[8] Where only registered residents and friends of the registered residents can enter the area via a smart card access controlled system.

Joint Ventures

Laing O'Rourke- UK based construction company credited with construction of Dubai International Airport, London's Millennium Tower, etc, will construct all DLF's landmark projects. Together DLF-Laing O' Rourke shall build the expressways, ports and other megastructures of India's new economy.

Nakheel of Dubai are partnering with DLF for townships of groundbreaking concepts in India.

WSP Group Plc is also partnering DLF, providing Management and consultancy to the built and natural environment.

Feedback ventures, the practitioners in project management, is providing its expertise in terms of faster project execution.

DLF has also tied up with Hilton Hotels to jointly develop world-class hotels in India.

Awards and Recognition

All the intensified growth underlines DLF's commitment to quality, trust and customer sensitivity and, delivering on its promise with agility and financial prudence. This, in turn, has earned DLF the coveted 'Superbrand' ranking. DLF is the only company in India in the Consumer validated category from the real estate sector to have been awarded this distinction.

Sponsorship

DLF is currently sponsoring the Indian Premier League

Criticsm

DLF doesnt show pictures of a lot of its completed projects on its website. Which makes it difficult to see the quality of its construction. For example, its Royalton Towers in Gurgaon only shows a computer generated graphic. http://www.dlf.in/wps/portal/homes?jspName=the_royalton_towers/overview.jsp Even though the project has long been completed.