DLF Universal Limited
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| DLF Universal Limited | |
 |
|
| Type | Private |
|---|---|
| Founded | in 1964 by Chaudhury Raghuvendra Singh |
| Headquarters |  Delhi, India |
| Key people | Kushal Pal Singh Chairman |
| Industry | Real estate |
| Revenue |  INR 33.3 billion (FY 2006) |
| Net income | INR 18.3 billion (FY 2006) |
| Website | www.dlf-group.com |
DLF Universal Limited, or DLF, is India's largest real estate developer based in New Delhi. The company was founded by Indian businessman Chaudhury Raghuvendra Singh in 1964. In the mid-1970s, the company started developing its ambitious DLF City project which helped transform Gurgaon from a farming village to a commercial and real estate hub. The company has interests in commercial, residential and retail real estate market. Its upcoming plans include hotels, infrastructure and special economic zones-related development projects.[1]
The company is currently headed by Indian billionaire Kushal Pal Singh, who inherited the company from Chaudhury. The company's proposed US$ 2 billion IPO in July, 2007 is expected to make Singh one of the richest persons in India.[2]
[edit] Recent history
Until the mid-1990s, most of DLF's operations were in Gurgaon and Delhi metropolitan area. However, with increased assets, DLF has been aggressively trying to ramp up it's operations all over India. A major investment made by DLF was a INR 7 billion buyout of NTC Mill Land in Mumbai. Some of DLF's other development initiatives include a US$ 2.1 Billion investment in Tamil Nadu[3], a multi-billion dollar business park in Bangalore[4], a US$ 1.7 billion investment in Madhya Pradesh's real estate and infrastructure sector[5], and a INR 10 billion investment plan for developing special economic zones in Orissa.[6]
[edit] External links
[edit] Refrences
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