Raj

The DLF Group is a leading name in India's real estate industry. Established in 1946, DLF's existing range of business verticals spans across the homes, offices, shopping malls, entertainment complexes and reflects an expertise gathered over a period of six decades.

The landmark office buildings, high-end and modern homes, shopping malls and recreational spaces like the DLF Golf and Country Club, in Gurgaon; India's first night Golf Course, all showcase the best standards in architectural plans, design layouts and quality of construction .

The group is now venturing into SEZs, Hotels and Infrastructure which, in conjunction with the three existing verticals, will contribute towards 'Building a new India'.

dewakar

DLF Universal, has chalked out plans to invest anywhere between Rs 30,000-Rs 40,000 crore over the next ten years for setting up at least half-a-dozen Special Economic Zones across the country. The group plans to follow up the 1,100-acre multi-product SEZ at Amritsar with three more similar projects at Ludhiana, Gurgaon and Ambala.

Also on the anvil are several sector-specific SEZs spread across the country. Plans are afoot to market these SEZs internationally and woo multinational companies to set shop and cater to their global supply chain requirements. Each SEZ will be an integrated township in itself and include residential accommodation, shopping and commercial space, schools, hospitals and hotels.

bagarwal

Do you know what specific sector SEZ DLF is planning. It seems out of line that most of the SEZ they are planning are based in tier two cities. Real estate is not the only issue that company look for, availability of talent is a very big issue.

Bipin

Suzanne

I'd like to share with you the little information I have on

DLF's Amritsar SEZ

DLF in its stride to develop SEZ across the country is developing one of the first SEZ in Amritsar. Spread over an expanse of 1100 acres, the SEZ will comprise of four sector-specific individual SEZ’s for the Textile and Garments industry (400 acres), Engineering industry (350 acres), Food Processing industry (250 acres) and a Free Trade and Warehousing zone (100 acres).

The SEZ will showcase world-class, state-of-the-art infrastructure and will include utilities such as roads and other public services, commercial centers, residential facilities and institutional facilities like schools, hospitals, etc. The project will also include inland container depot and an air cargo handling space to facilitate the smooth functioning of export/import logistics.

vardaan

DLF Ltd., revived plans for a share sale, reducing the size of an offering derailed by shareholder disputes and valuation concerns.

DLF today filed documents with regulators to sell 175 million new shares, the New Delhi-based company said in an e-mailed statement. In August, it scrapped the initial public offering of as many as 219 million shares.

DLF is betting a smaller sale may lure investors who last year bought $58.4 billion of stocks and bonds sold by Indian companies such as Reliance Petroleum Ltd. and Cairn India Ltd. India's economic growth, the second-fastest among major economies, has spurred demand for funds for the construction of homes offices and retail space.

"The DLF IPO will find some difficulty, but since the real-estate sector is the flavor of the season it should not be much of a problem,'' said Dipak Acharya, who helps manage the equivalent of $27 million at BOB Asset Management in Mumbai. "They have a good brand image and big investors are always interested in big issues.''

DLF planned to raise about $2.5 billion to fund construction and repay debt, bankers familiar with the plan said in June. The company planned to sell 202 million shares, of which 187.1 million would have been new stock. It had planned an additional 17 million shares on demand, bringing the sale to a 12.77 percent stake.

Offering Size

The size of the offering is smaller than planned earlier because Singh and his family are not selling shares held by them and no stock will be sold before the sale, Shalini Vig Wadhwa, spokeswoman at DLF, said in an e-mailed response to questions. The company didn't provide details.

DLF, previously known as DLF Universal Ltd., wants to tap demand for office space, shops and homes, which has been rising with growth in the country. India's economy is expected to accelerate to almost 9 percent in the year to March 31 after three straight years of more than 8 percent growth.

DLF will decide the price of the shares in the revived offer based on demand from investors, the company said.

"DLF will seek a premium over others,'' said Manish Gunwani, an analyst at Brics Securities Ltd. in Mumbai. "The key is how they are going to justify that.''

SOURCE-Bloomberg.com: Asia