DLF or Delhi Land & Finance is India’s biggest Real
Estate Developer based in Delhi. It was founded by Raghuvendra Singh in 1946. In 1957,
with the passage of Delhi Development Act, the local government assumed control
of real estate development in Delhi and banned private real estate developers.
As a result DLF began acquiring land at relatively low cost
outside the area controlled by the Delhi Development Authority, in the district
of Gurgaon, in the adjacent state
of Haryana. In the mid-1970s, the
company started developing DLF City project at Gurgaon. Its upcoming plans
include hotels, infrastructure and special
economic zones-related development projects.
Presently company is lead by Kushal Pal Singh. DLF is developing commercial,
residential and retail real estates. The company's US$ 2 billion IPO in July, 2007 created India's biggest IPO in history. In
July 2007, DLF announced its first quarter results ending 30 June 2007. The
company reported a turnover of Rs. 3,120.98 Crore and PAT ( Profit After Tax )
at Rs. 1,515.48 Crore.
