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DLF Q4 Results: Strong Showing Fueled by Housing Sales

DLF, India’s largest real estate developer by market capitalization, recently released its Q4 results for the financial year 2023-24. The report painted a positive picture, with a significant surge in net profit and promising trends for the future.

Profit Soars on Robust Sales

DLF’s net profit for Q4 witnessed a remarkable 62% increase compared to the same period in the previous year. The figure jumped from ₹570.01 crore to a robust ₹920.71 crore, reflecting a strong financial performance. This upswing can be primarily attributed to a surge in housing sales during the quarter.

DLF’s total income also saw a significant rise, climbing to ₹2316.70 crore in Q4, compared to ₹1,575.70 crore in the corresponding quarter of the previous fiscal year. This 47% increase signifies a healthy growth trajectory for the company. Similarly, total income for the entire financial year 2023-24 reached ₹6,958.34 crore, up from ₹6,012.14 crore in the preceding year.

Dividend Distribution and Leadership Changes

DLF announced a dividend of ₹5 per share for FY 2023-24, subject to shareholder approval. This move demonstrates the company’s confidence in its financial standing and its commitment to rewarding its investors. Additionally, DLF announced the appointment of Ashok Kumar Tyagi as the new Managing Director, taking over from Vivek Anand who stepped down in February 2024.

DLF’s Q4 results highlight the company’s strong performance in the residential segment. With a robust annuity portfolio exceeding 42 million square feet and an annual rental income of around ₹4,000 crore, DLF is well-positioned for sustainable growth. The company’s focus on developing new projects and its commitment to customer satisfaction bode well for its future endeavors.

Financial experts are generally optimistic about DLF’s performance. The company’s strong Q4 showing and its focus on key growth areas are positive indicators for investors. However, it’s important to stay updated on market trends and conduct thorough research before making any investment decisions.

DLF Q4 results offer a compelling view of the company’s financial health. The surge in profits, rising revenue, and focus on customer satisfaction paint a promising picture for the future. While staying informed about market conditions is crucial, DLF’s recent performance suggests a positive outlook for investors considering the real estate sector.

Global City Project: A Dream or Reality?

Gurugram, Haryana’s city, is set for a significant transformation with the Global City project receiving environmental clearance from the Ministry of Environment, Forest and Climate Change (MoEF). This ambitious project, spearheaded by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), promises to be a game-changer for the region’s economic landscape.

What is the Global City Project?

Envisioned as a 1,000-acre mega-development, Global City will encompass a diverse range of zones:

  • Residential areas: Catering to the growing demand for housing in Gurugram.
  • Industrial clusters: Providing a hub for businesses and fostering economic activity.
  • Commercial zones: Creating a vibrant space for retail, offices, and other commercial ventures.

The project is divided into phases, with the initial focus on developing infrastructure in a designated 587-acre area. This phase aims to establish essential utilities like roads, electricity, and water supply by December 2026, with an estimated investment of Rs 940 crore.

Significance of the Environmental Clearance

The environmental clearance granted by MoEF is a critical milestone for the Global City project. It signifies that the project’s potential environmental impact has been assessed and deemed manageable. This approval paves the way for:

  • Seamless project growth: The green light from MoEF removes a significant hurdle, allowing the project to progress without delays related to environmental concerns.
  • Faster construction: With environmental considerations addressed, construction activities can be expedited, bringing the project to fruition sooner.
  • Investor attraction: The environmental clearance enhances the project’s credibility and attractiveness to potential investors and development partners, potentially leading to increased funding and expertise.

Potential Benefits and Challenges

The Global City project has the potential to bring numerous benefits to Gurugram, including:

  • Job creation: The project is expected to generate significant employment opportunities during both construction and operational phases.
  • Economic boost: The influx of businesses and residents will stimulate economic activity in the region.
  • Infrastructure development: The project will necessitate improved infrastructure, which will benefit the entire city.

However, large-scale development projects also come with potential challenges that need to be addressed:

  • Environmental impact: Construction and development can have negative consequences on the environment. Careful monitoring and mitigation strategies are crucial.
  • Traffic congestion: The influx of residents and commercial activity could exacerbate traffic woes in Gurugram. Proper urban planning and the development of sustainable transportation options are essential.
  • Social impact: Large-scale projects can lead to the displacement of existing communities. Responsible resettlement and rehabilitation plans are necessary.

Tiger Shree Honored with the Property Consultant of the Year Awards

Tiger Shree Pvt Ltd, a renowned real estate company based in Dehradun, has been honored with the prestigious Property Consultant of the Year award. The company has gained a reputation for its outstanding real estate services, and this award is a testament to their hard work and dedication towards their clients. In this blog, we will explore the reasons why Tiger Shree has been awarded the Property Consultant of the Year award and what makes them stand out in the real estate industry.

About Tiger Shree:
Tiger Shree Pvt Ltd is a leading real estate company in Dehradun that provides a wide range of services to its clients. From property management to real estate consulting, the company has established itself as a one-stop-shop for all real estate needs. Over the years, Tiger Shree has earned a reputation for its exceptional customer service, professionalism, and integrity.

Why Tiger Shree Won the Property Consultant of the Year Award:
Tiger Shree has been recognized as the Property Consultant of the Year for their outstanding contribution to the real estate industry. The company has been providing exceptional services to its clients, including property management, real estate consulting, and property sales.

One of the reasons why Tiger Shree has been awarded this prestigious award is their commitment to their clients. The company strives to understand the needs of each client and provides customized solutions that meet their unique requirements. They have a team of experienced professionals who are knowledgeable about the real estate industry and are dedicated to providing the best service to their clients.

Another reason why Tiger Shree has been recognized as the Property Consultant of the Year is their innovative approach to real estate services. The company has embraced technology and uses it to make their services more efficient and accessible to their clients. They have an online platform that allows clients to browse and select properties, book appointments, and track the progress of their transactions.

Conclusion:
Tiger Shree Pvt Ltd has been honored with the prestigious Property Consultant of the Year award for their exceptional services in the real estate industry. The company has gained a reputation for its commitment to its clients, professionalism, and innovative approach to real estate services. If you’re looking for a reliable and trustworthy real estate company in Dehradun, Tiger Shree is the right choice.

Hot Property: Major Cities See a 6% Boost in Housing Prices

The private property market saw a typical year-on-year value enthusiasm for 6% during the April-June time of this current year, according to information shared by PropTiger.com, an internet based land business organization. The expansion in lodging costs can be credited areas of strength for to.

The as of late delivered PropTiger report, named ‘Genuine Knowledge Private – April-June 2023’, has shown that the weighted normal cost of private properties across eight significant Indian urban areas arrived at Rs 7,000 to 7,200 for every square foot during the April-June period. This is a 6 percent increment contrasted with the relating time frame in the earlier year.

The business sectors shrouded in the report incorporate Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Locale, Delhi-Public Capital District, and Pune.

During the April-June period, lodging deals across the eight significant urban communities recorded a 8 percent yearly increment to 80,250 units. The development in deals can be credited to expanded request, particularly in Mumbai and Pune. In a similar period last year (April-June 2022), deals remained at 74,320 units in the essential private business sectors of the main eight urban communities.

As per the information, Ahmedabad encountered a 7 percent year-on-year expansion in costs during the second quarter of 2023, arriving at Rs 3,700-3,900 for each square foot. Bengaluru saw a 9 percent increment, with costs averaging at Rs 6,300-6,500 for each square foot. Delhi-NCR noticed 6% development to Rs 4,800-5,000 for every square foot. In the mean time, Gurugram, in the Public Capital Locale, saw a 12 percent appreciation, with costs arriving at Rs 7,000-7,200 for each square foot, while Noida, likewise in the NCR, encountered a 8 percent ascend to Rs 5,600-5,800 for every square foot.

In Mumbai and Pune, both key property markets in Maharashtra, lodging costs expanded by 3% each. Mumbai’s weighted typical cost remained at Rs 10,100-10,300 for each square foot, while Pune’s rates were at Rs 5,600-5,800 for every square foot.

“Lodging costs have been moving in significant Indian urban areas in the post-Coronavirus years. While this vertical pattern in capital qualities is drawing in financial backers to India’s key housing markets, the expansion in new stock is assisting with directing cost increments,” said Vikas Wadhawan, Gathering CFO, REA India, and Business Head at PropTiger.com.

पर्यटक लोकप्रिय पर्यटन स्थल तक तुरंत पहुंच सकते हैं,देहरादून-मसूरी सहित केबल कार नेटवर्क का निर्माण जारी।

विधान सभा 2022-23 के बजट सत्र के दौरान, वित्त मंत्री प्रेमचंद अग्रवाल ने घोषणा की कि सुरकंडा देवी रोपवे का निर्माण पूरा हो गया है। इसके अलावा 35 और केबल कार प्रोजेक्ट बनाए जाएंगे। देहरादून मसूरी, थुलीगढ़ पूर्णागिरी, यमुनोत्री में जानकी चट्टी, केदारनाथ में गौरीकुंड, हेमकुंड साहिब में गोविंदघाट, नैनीताल में रानीबाग, नई टिहरी में पंचकोटी, मुनस्यारी में खलियाटॉप, नीलकंठ में ऋषिकेश और गौरसन में औली में केबल कार परियोजनाएं बनाई जाएंगी।

 

सरकार ने बजट भाषण में नए हेलीपोर्ट के निर्माण पर दिया जोर। बजट भाषण में कहा, निर्माणाधीन हेलीपोर्ट गौजियाना (टिहरी), गैरसैंण, देघाट-स्यालदे, जोशियाडा, दीदीहाट राज्य में भी बनाए जाएंगे.

 

बजट में नंदा गौरा योजना के तहत 500 करोड़ रुपये का आवंटन कि. इस योजना में, लड़की के जन्म पर 11,000 रुपये और उपाधि में पहले प्रवेश के समय 51,000 रुपये दिए जाते हैं। पिछले साल इस योजना में 300 करोड़ रुपये का प्रावधान किया था, मगर विभिन्न कारणों से बजट जारी नहीं किया जा सका।

 

चालू वित्त वर्ष में 500 करोड़ रुपये के रिजर्व, पिछले साल के बैकलॉग को भी को अलग करके शामिल किया गया है।12वीं स्थान हासिल करने वाली छात्राओं को वर्तमान में उत्तराखंड बोर्ड में योजना का लाभ मिल रहा है, अब सरकार इसे सभी बोर्ड में छात्राओं के लिए लागू करेगी। लेकिन उन्हें पारिवारिक आय सीमा से भी चिपके रहना चाहिए।

 

एम्पायरियन के प्रबंध निदेशक सैयद जुनैद अल्ताफ ने कहा कि देहरादून-मसूरी परियोजना भारत का सबसे लंबा यात्री हवाई मोनो-केबल रोपवे होगा, जो 5.5 किमी को कवर करेगा और विश्व स्तर पर शीर्ष पांच में शामिल होगा। इसमें देहरादून और मसूरी में दो टर्मिनल शामिल होंगे, और चरण I में 300 करोड़ और चरण II में 150 करोड़ रुपये खर्च होंगे।

पर्यटन विभाग ने हरिद्वार में खोला नया पंजीकरण केंद्र, अतिरिक्त जत्थों के लिए श्रद्धालु तत्काल करा सकते हैं रजिस्ट्रेशन

चारधाम यात्रा में आने वाले तीर्थयात्रियों की सुविधा के लिए पर्यटन मंत्रालय ने हरिद्वार में नया पंजीकरण केंद्र स्थापित किया है। हरिद्वार के पंतद्वीप कार पार्क में खोले गए इस केंद्र के तीन चेक-इन काउंटरों पर चेक-इन होता है। अतिरिक्त कोटा के लिए यहां तत्काल पंजीकरण किया जा सकता है।

 

ज्ञात हो कि उत्तराखंड टूर ऑपरेटर्स एसोसिएशन के अधिकारियों ने दो दिन पहले पर्यटन मंत्री के साथ बैठक के दौरान अतिरिक्त पंजीकरण केंद्र खोलने का आह्वान किया था। उसके बाद मंत्री दिलीप जावलकर ने पीसीएस अरविंद पांडेय को हरिद्वार भेजकर पंजीकरण केंद्र खोलने को कहा। उन्होंने संकेत दिया कि इस केंद्र में तीन नए काउंटर लगाए गए हैं।

 

ऋषिकेश में पंजीकरण केंद्र का निरीक्षण
ऋषिकेश में मंगलवार को चारधाम तीर्थयात्रियों के हंगामे और अशांति के बीच पीसीएस अधिकारी अरविंद पांडेय बुधवार को ऋषिकेश पंजीकरण केंद्र पहुंचे। उन्होंने श्रद्धालुओं की परेशानी दूर करने के निर्देश दिए। उन्होंने कहा कि चारधाम यात्रा में आने वालों को कोई परेशानी न हो. उन्होंने कहा कि अधिकारियों को सभी सावधानियां बरतनी चाहिए।

 

पर्यटन मंत्री के निर्देशन में पीसीएस एजेंट अरविंद पांडेय ने हरिद्वार आकर रजिस्ट्रेशन सेंटर बनवाया। वर्तमान में ज़ेंट्रम 03 में 3 काउंटर स्थापित हैं। हरिद्वार में नए स्थापित पंजीकरण केंद्र से, चार धाम यात्रा के लिए अतिरिक्त शुल्क तुरंत पंजीकृत किया जा सकता है।

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