Company type | Public |
---|---|
ISIN | INE271C01023 |
Industry | Real estate |
Founded | 4 July 1946 |
Founder | Ch. Raghvendra Singh |
Headquarters | DLF Gateway Tower, Phase 2, Gurugram, Haryana, India |
Key people | Kushal Pal Singh (retd. Chairman) Rajiv Singh (Chairman) |
Products | Offices Apartments Shopping malls Hotels Golf courses Infrastructure |
Revenue | ₹6,958 crore (US$830 million) [1] (2024) |
₹2,724 crore (US$330 million) (2024) | |
Total assets | ₹60,262 crore (US$7.2 billion) (2024) |
Number of employees | 1,608 (excluding hotel business) (March 2019) |
Website | www |
DLF Limited (formerly Delhi Land & Finance) is an Indian commercial real estate development company. It was founded by Chaudhary Raghvendra Singh in 1946, and it is based in New Delhi, India. [2] [3] DLF has developed residential colonies in Delhi such as Model Town, Rajouri Garden, Krishna Nagar, South Extension, Greater Kailash, Kailash Colony, and Hauz Khas. DLF builds residential, office, and retail properties. [4] [5]
With the passage of the Delhi Development Act in 1957, the local government assumed control of real estate development and banned private real estate developers from Delhi proper. As a result, DLF began acquiring land at a relatively low cost outside the area controlled by the Delhi Development Authority, in the district of Gurgaon, and in the adjacent state of Haryana. In the mid-1970s, the company started developing their DLF City project at Gurgaon. This included hotels, infrastructure, and special economic zones-related development projects.
The company is headed by Rajiv Singh, who is the current chairman of the DLF Group. According to the Forbes listing of richest billionaires in 2023, Kushal Pal Singh, Chairman Emeritus, is the 19th richest man in India with a net worth of US$8.8 billion. The company's $US$2 billion IPO in July 2007 was India's biggest IPO in history. [6] In its first quarter results for the period ending 30 June 2007, the company reported a turnover of ₹31.2098 billion (US$370 million) and profit after taxes of ₹15.1548 billion (US$180 million). [7]
As of 31 March 2012, the company had 1,380 square feet of leased retail space across the country. [8] In 2013-14, it leased out 3 million sq ft of office space in India. [9] [10]
DLF's first residential project was Krishna Nagar in East Delhi, which was completed in 1949. Subsequently, the company developed 21 colonies in Delhi, including Model Town, Rajouri Garden, Punjabi Bagh, South Extension, Greater Kailash, Kailash Colony and Hauz Khas. The passage of Delhi Development Act in 1957 was the first serious challenge to company's growth. The Act meant that the government would assume control of all real estate development activities in the city. [11]
As a result, DLF decided to move beyond Delhi and focused on the suburb of Gurgaon in Haryana, [12] which had the potential for development of residential and commercial properties. As DLF started to acquire land under the leadership of Chairman K.P. Singh, Gurgaon embarked on a period of rapid growth. [13]
A ₹58 crore deal was cancelled between DLF and Robert Vadra by IAS officer Ashok Khemka. [14]
In 2008, DLF became the title sponsor of the Indian Premier League, a newly formed Twenty20 cricket league. DLF paid close to ₹2 billion (US$24 million) for the five-year sponsorship deal. [15] The deal ended in the 2012 version of the season, wherein it was taken over by Pepsi.
Haryana Urban Development Authority (HUDA) and DLF, in a 50:50 joint venture, have completed work on a 16-lane, 10.5 km road network in Gurgaon. This stretch from NH8 Toll Plaza to Sector 55/56 in Gurgaon with six underpasses, one flyover and freeways has improved traffic management in the city. [16] To create this infrastructure facility, DLF had engaged Parsons Brinckerhoff for project management consultancy and construction work had been awarded to IL&FS. [17]
In August 2011, a penalty of ₹6.3 billion (US$75 million) was imposed on DLF by the Competition Commission of India (CCI) [18] after finding DLF guilty of breaching laws regarding the unfair pricing of goods and services. The complaint was lodged against DLF by buyers in its residential projects Belaire & Park Place, located in Gurgaon. [19] In February 2015, the CCI ordered its investigative arm to probe two more projects of DLF in Gurgaon, namely, DLF Regal Gardens [20] and DLF Skycourt. [21] [22]
DLF land grab case pertains to the alleged illegal acquisition of 50 acres of land in Amipur village, Haryana, back in 2013, during Bhupinder Singh Hooda's tenure as Chief Minister under the Congress government. This matter has led to an investigation by the Central Bureau of Investigation involving Robert Vadra, Bhupinder Singh Hooda, and the DLF, as of around December 2017. [23]
Bhupinder Singh Hooda is an Indian National Congress politician, who has served as the Chief Minister of Haryana from 2005 to 2014. He was the Leader of the Opposition in Haryana Legislative Assembly from 2019 to 2024.
Rohtak is a city and the administrative headquarters of the Rohtak district in the Indian state of Haryana. It lies 70 kilometres (43 mi) north-west of New Delhi and 250 kilometres (160 mi) south of the state capital Chandigarh on NH 9. Rohtak forms a part of the National Capital Region (NCR) which helps the city in obtaining cheap loans for infrastructure development from the NCR Planning Board.
Kushal Pal Singh is an Indian billionaire real estate developer, and the chairman and CEO of real estate developer DLF Limited, founded by his father-in-law Chaudhary Raghvender Singh. DLF holds an estimated 10,255 acres (42 km2) of land, with about 3,000 acres (12 km2) in Gurugram, called DLF City.
Rao Inderjit Singh is an Indian politician who is serving as the 17th minister of Planning, Statistics and Programme Implementation and minister of state in the ministry of Culture since 2024. He is also a member of the Lok Sabha, the lower house of the Indian parliament. He represents the Gurgaon constituency in Haryana and is a member of Bharatiya Janata Party. He was elected to 18th Lok Sabha from Gurgaon with a majority of 75,079 votes.
Manesar is a town and municipal corporation, known as New gurgaon city in the Gurugram district of the state of Haryana, India and a part of the National Capital Region (NCR) of Delhi. It is an Industrial Model Township home to factories and industrial activity from multinational corporations.
Kingdom of Dreams is an entertainment complex located in the Indian city of Gurgaon. Owned by the Great Indian Nautanki Company (GINC), a joint venture between Apra Group and Wizcraft, and opened in 2010, the 6 acres (24,000 m2) facility consisted of two auditoriums, the 864-seat Nautanki Mahal, the 350-seat Showshaa Theatre, and an indoor cultural "boulevard" featuring dining, crafts, and entertainment.
Wazirabad is a large village in Gurgaon district Haryana state, India. It lies on the Gurgaon-Faridabad road. It has a population of about 8279 persons living in around 1461 households. The village is spread over three wards under the Municipal Corporation of Gurgaon: wards 30, 31 and 33. Sector 52, 56 and Ardee city also comes under Wazirabad; its Pin code is 122003.
Haryana Shahari Vikas Pradhikaran (HSVP), formerly Haryana Urban Development Authority (HUDA), is the urban planning agency of the state of Haryana in India except Gurugram and Faridabad which has Gurugram Metropolitan Development Authority and Faridabad Metropolitan Development Authority respectively. It was established in 1977. The Minister of Town and Country Planning Department, Haryana is the chairman of the authority. The headquarters of the authority is located in Panchkula, Haryana.
Rapid Metro Gurgaon is a light metro system serving the city of Gurgaon, Haryana, India. Rapid Metro connects the commercial areas of Gurgaon, and acts as a feeder link to the Delhi Metro with an interchange with its Yellow Line at Sikanderpur metro station.
Ashok Khemka is an Indian civil service bureaucrat and an officer of the Indian Administrative Service (IAS) since 1991. As of January 2023, he has been transferred 55 times over his career, being the second-most transferred bureaucrat in Haryana behind retired IAS officer Pradeep Kasni. Khemka is known for his role in addressing alleged irregularities in various departments where he served, including investigations into land deals during the tenure of former Haryana Chief Minister Bhupinder Hooda. He has been associated with inquiries into cases such as the DLF land grab case, the Sonipat-Kharkhoda IMT land case, and the Garhi Sampla Uddar Gagan land case.
AJL-National Herald Panchkula land grab scam case, allegedly against Bhupinder Singh Hooda currently in the Punjab and Haryana High Court, is under investigation by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED). This case pertains to Hooda's alleged role for misusing his position as then Chief Minister of Haryana to cause wrongful gains to the Associated Journals Limited (AJL) and corresponding loss to the Government of Haryana, by illegally allotting a government plot of land worth several crores rupees (billions) to AJL for INR 59 lakh. Then Chief Minister, Hooda, was also the chairman of HUDA, a government entity which re-allotted the plot to AJL in 2005 in violations of rules and against the advice of the HUDA officials. Chief Minister Manohar Lal Khattar's BJP government of Haryana transferred the case to CBI, and CBI filed the FIR in April 2016. CBI booked Hooda for criminal conspiracy, criminal breach of trust, cheating and misuse of official position by public servants. AJL, which also owns National Herald, is controlled by the Indian National Congress leaders Sonia Gandhi and Rahul Gandhi among others.
Gurugram-Manesar Industrial Model Township land grab scam case pertains to the chargesheet filed by the Central Bureau of Investigation (CBI) against former Haryana Chief Minister Bhupinder Singh Hooda and 33 others for the Manesar Industrial Model Township land acquisition scam. This scam resulted in INR1500 crore loss to the farmers of Manesar and neighbouring village in Gurugram district whose 688 acre land was being acquired at a low rate for "public purpose". This land was later licensed to real estate companies after granting them out of term favours and concessions. Private builders grabbed 400 acres land from farmers at throwaway price based on the threat of acquisition by the government. Once this land was bought by the builders, Hooda government released this land from the acquisition process in the favor of builders instead of the original owners. Market value of this 400 acre land was nearly INR4 crore per acre or total INR1600 crore, which was acquired by the builders at only INR100 crore, causing a loss of INR1500 crore to innocent farmer owners of Manesar, Naurangpur and Lakhnoula villages.
The Rohtak-Garhi Sampla Uddar Gagan Model Township land grab case pertains to illegal acquisition and licensing of 850.88 acres land under Bhupinder Singh Hooda's rule as the Chief Minister of Haryana. Hooda acquired land from illiterate poor farmers at a throwaway prices in the name of "public interest" and later licensed this land to builders by granting them out-of-turn favors, which resulted in exponential increase in the land value, causing gains to big builders. HUDA issued notification on 11 April 2002 for acquiring 850.88 acres land for residential and commercial development in Sector 27-28 of Rohtak However, which was later reduced to acquire 441.11 acre on 8 April 2003. A private builder, Uddar Gagan Properties Limited, was granted license by Hooda' government to develop a colony across 280 acres of the released land [excluded from government acquisition], thus accruing illegal gains to private middlemen. HUDA issued notification on 11 April 2002 for acquiring 850.88 acres land for residential and commercial development in Sector 27-28 of Rohtak However, which was later reduced to acquire 441.11 acre on 8 April 2003. A private builder, Uddar Gagan Properties Limited, was granted license by Hooda' government to develop a colony across 280 acres of the released land [excluded from government acquisition], thus accruing illegal gains to private middlemen. Uddar Gagan is owned by Zee.
Sonepat-Kharkhoda Industrial Model Township land case being investigated by the Central Bureau of Investigation (CBI) against Bhupinder Singh Hooda. This under-investigation scam pertains to acquisition of 700 acre land in 3 villages near Kharkhoda in Sonepat district for the Industrial Model Township.. Punjab and Haryana High Court in March 2013 and the Supreme Court of India in May 2016 had cancelled the government's decision to release land to the private builder. Two senior officials in then Chief Minister Hooda's office were indicted for allegedly favouring the developers. Subsequently, in 2018 the Government of Haryana referred the case to CBI to investigate the against Hooda and others.
Haryana Raxil drug purchase scam case is a case under investigation by the Central Vigilance Commission (CVC) and the Central Bureau of Investigation (CBI) against Bhupinder Singh Hooda for the illegal purchase of Raxil fungicide which resulted in INR80 crore loss to the government. This scam, initially exposed by Ashok Khemka, is also pending in the Punjab and Haryana High Court.
Haryana Forestry scam case is a multi-crore fake plantation scam allegedly involving Bhupinder Singh Hooda, Kiran Chaudhary and others where government money was embezzled. In 2009, this scam was exposed by the whistleblower, Sanjiv Chaturvedi, Ramon Magsaysay Award-winner Indian Forest Service officer with then Government of Haryana, who filed a case in September 2012 to seek Supreme Court's instructions to CBI to investigate the case. Earlier, Haryana Government had suspended him in 2007 for acting against illegal felling of trees and poaching in Saraswati Wildlife Sanctuary, but his suspension was revoked by the President in 2008 and the chargesheet was overturned in 2011 on an appeal against the decision of Haryana government. An inquiry committee of the Ministry of Environment & Forest (MoEF) found Chaturvedi's allegations against Haryana government true, preferred an inquiry by Central Vigilance Commission and by CBI into dubious role of certain highly placed politicians and civil servants. CBI, in its reply to CVC, found Chaturvedi's allegations against then Haryana Government creditable enough for an independent inquiry. As per the rules, CBI can not undertake suo motu investigation, only state government, high court or supreme court can ask CBI for it.
DLF land grab case is a case related to 50 acre land grab in 2013 in Amipur village of Haryana during the Congress' Bhupinder Singh Hooda government, for which Robert Vadra, Hooda and DLF are being investigated by the CBI. Hooda's generosity towards land sharks and builders caused huge losses to farmers and Haryana Government. Consequently, there are Central Bureau of Investigation (CBI) inquiries and court cases against him related to shady land deals. Those deals include the allotment of a highly subsidised land and change in land use license for his relatives and influential friends connected to Indian National Congress, such Sonia Gandhi's son-in-law Robert Vadra. Jitesh Vadra made illegal gains of over INR50 crore from this land deal within few months in 2008. CBI has filed an 80,000 page long chargesheet in the court related to this case and Manesar land scam case.
Gurugram Rajiv Gandhi Trust land grab case against Robert Vadra and Bhupinder Singh Hooda is being investigated by the Central Bureau of Investigation (CBI) as per Supreme Court of India's order. In the Gurugram Rajiv Gandhi Trust land grab scam between 2004 and 2014, then Government of Haryana administration of Indian National Congress's Chief Minister Bhupinder Singh Hooda, had handed over panchayat land to the Rajiv Gandhi Charitable Trust in the name of public interest use, resulting in this trust being sued by the gram panchayat in Punjab and Haryana High Court against the land grabbing of the Gandhi family by the Hooda government. Then Chief Minister Bhupinder Singh Hooda. who also held the charge of Panchayat department at that time, had approved the grant of 5.3 acre panchayat land to Rajiv Gandhi Trust for 33 years at a rate of Rs 3 lakh per acre in January 2010, trust applied for the change of land use on 3 December 2010, which was approved on the same day.
Chaudhary Raghvendra Singh (1911–1997) was an Indian real estate developer known for founding DLF Limited in 1946. His vision laid the foundation for one of India's largest real estate companies, instrumental in transforming the urban landscape of Delhi and Gurgaon.