DLF builds up on encashing Rs 500 crore from sale of 350 flats at Gurgaon

23 Feb 2012

DLF is currently trading at Rs 239.80, up by 1.00 points or 0.42% from its previous closing of Rs 238.80 on the BSE.

The scrip opened at Rs 239.00 and has touched a high and low of Rs 244.25 and Rs 234.50 respectively. So far 244992 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 280.80 on 15-Jul-2011 and a 52 week low of Rs 172.75 on 06-Jan-2012.

Last one week high and low of the scrip stood at Rs 261.35 and Rs 234.50 respectively. The current market cap of the company is Rs 40665.38 crore.

The promoters holding in the company stood at 78.60% while Institutions and Non-Institutions held 16.21% and 5.19% respectively.

DLF has collected Rs 500 crore from selling 350 flats in a luxury housing project in Gurgaon -- The Primus -- which is part of a 450 acre integrated township - DLF Garden City.

The company has set aside an investment amount of Rs 8,000 crore to build up the integrated township at Gurgaon within 2-3 years. The proposed township - DLF Garden City - will be spread over sectors 86, 87, 90, 91 and 92 (new Gurgaon), and will comprise of group housing, commercial and plotted development.

The Garden City will have plotted development projects, namely The Primus, Regal Gardens and New Town Heights, besides housing a commercial complex -- Galleria 91.

At present, the country's largest realty firm is constructing 3,200 apartments in about 100 acres of these townships. The company has total developable potential at 349 million sq ft and currently 45 million sq ft of projects area are under construction.

DLF Share Price

407.80 -0.50 (-0.12%) Jan 20, 18:01
1 Year Price Chart
Company Name CMP
Dilip Buildcon 370.45
NBCC (India) 49.95
Prestige EstatesProj 514.20
DLF 407.80
JMC Projects (India) 104.60
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