Management

DLF Global Hospitality Ltd. "DGHL", 100% step-down subsidiary of DLF Ltd., and Mr. Adrian Zecha, the founder and Chairman of the Amanresorts Group of luxury resorts, are pleased to announce the signing of a definitive agreement to effect Mr. Zecha's Management Buy-Out "MBO" of DGHL's 100% shareholding in Silverlink Resorts Ltd., the holding company for Amanresorts.

Revenue at Rs 2,157 Crore; Net profit at Rs 139 Crore

Editors Synopsis:

Financial Highlights –
Q2 FY13 (all comparisons with Q2 FY12)

Consolidated Revenue at Rs 2,157 crore, down by 16% from Rs 2,577 crore
EBIDTA at Rs 864 crore, down by 29% from Rs 1216 crore
Consolidated PAT at Rs 139 crore, compared to Rs 372 crore
EPS for the quarter at Rs 0.81
Q2 FY13 (all comparisons with Q1 FY13)

MUMBAI: Eighteen multi-storey buildings in the western suburbs have come under a cloud after the developer of a controversial Juhu building told the Supreme Court that, just like his 11-storey JVPD high-rise, these buildings too had plans with car parking decks on habitable floors.

Pappu Satra, the developer of the Juhu residential tower, was dragged to the Bombay high court for large-scale violations, including having car parking decks outside flats that allegedly could be later amalgamated into the flats' carpet areas. Satra has spilled the beans to the SC on 18 allegedly similar projects in Mumbai's western suburbs to justify his case.

Satra's JVPD Scheme project has become a test case for builders who build car parking slots adjoining apartments on higher floors. Civic activists allege that these slots are not really for parking, but are sold illegally at market rates and later surreptitiously amalgamated into the flat by the owner in connivance with the developer.

HYDERABAD : As signs appear of the real estate scene picking up, the Andhra Pradesh Housing Board (APHB) has decided to resume auction of plots in the city after a gap of four years. In the current phase of auction, which will take place on November 22, the board will put up 14 plots for auction in Kukatpally Housing Board (KPHB) Colony phases 4, 6, 9 and 15.

Nine plots are located in phase-15 of KPHB, close to Hi-Tec City , while there are two plots each in phase-9 and phase-6 and one in phase-4. Since the plots are in Kukatpally, the authorities are hoping to pocket about Rs 100 crore through the auction.

Officials said the APHB took the decision to auction plots after Hyderabad Metropolitan Development Authority (HMDA) auctioned some of its plots in August and could raise about Rs 125 crore.

Unitech Golf & Country Club is the first golf course with night golfing facilities in Delhi and Noida

Inaugurated on September 22, 2012 at Unitech Golf & Country Club

A night golf tournament was also organized

Unitech, India's leading business group and an integrated developer of large-scale real estate projects, has inaugurated Night Golfing at Unitech Golf and Country Club, making it the first golf course offering night golfing facility in Delhi & Noida.

The inauguration ceremony took place on Saturday, September 22, 2012 with tee off on the flood lit course. Along with the inauguration, a night golf tournament was organized as well. Some of the attendees were Kapil Dev, Atul Wassan, Ajay Jadeja, Madan Lal, Vandana Luthra, Rajat Sharma and prominent corporate honchos from Delhi-NCR.

Shri Arvind Kejriwal today held a press conference in which he once again made some allegations inter alia against DLF. Due to paucity of time, we wish to issue a short factual rebuttal in this regard. Shri Kejriwal's allegations largely centre around issues which are already in the public domain and are well disclosed. It is unfortunate that an attempt is being made to sensationalise the same. Our brief response is as follows:

Is there a nexus between DLF and Government of Haryana?

With reference to the 30 acres of SEZ development by DLF on land purchased from East India Hotels, the order of the Hon'ble High Court of Punjab & Haryana has been stayed by the Hon'ble Supreme Court of India vide its orders dated 20th June 2011 and 26th September 2011.The matter is subjudice and is awaiting hearing.

Amman Constructions was founded by Mr.C.J.Vijayakumar as a sole proprietor, to construct independent houses. During the course of time he ventured into promotion of flats and he was the pioneer in Nanganallur to have started construction of Flats. They are in this line from 1980 onwards.