Realty major DLF has decided to bring all of its rental properties under a single umbrella, as part of a business restructuring, to optimise the value of its various realty verticals. DLF said that its realty business, henceforth, will be divided into two --annuity (rentals) and development company.
Under the restructuring exercise, DLF Cyber City Developers Ltd (DCCDL), a subsidiary of DLF, would emerge as a group's flagship company for holding rental assets -- offices, malls, facilities management and utilities. On the other hand, the real estate development vertical will be divided into three divisions focusing on the Gurgaon market, super metros and rest of
DLF's board has approved merger of K P Singh-promoted Caraf Builders & Constructions with its subsidiary
