DLF sells Chennai land for Euro 80 mn

18 Mar 2024 CW Team

DLF, one of India's leading real estate developers, has recently concluded a significant deal by selling a prime land parcel in Chennai. The transaction, valued at approximately ?80 million, marks another strategic move by DLF in optimising its asset portfolio.

The land parcel, spanning across a substantial area in Chennai, has been acquired by Cholamandalam Investment and Finance Company, a renowned financial institution in India. This deal underscores the attractiveness of Chennai's real estate market and the confidence investors have in its growth potential.

DLF's decision to divest this land parcel aligns with its broader strategy of unlocking value from its land bank. By strategically monetising non-core assets, DLF aims to enhance its liquidity position and focus on its core business of developing residential and commercial projects across India.

This transaction also reflects the buoyancy in the Indian real estate sector, particularly in Chennai, which continues to attract significant investments from both domestic and international players. With its strategic location, robust infrastructure, and burgeoning economic opportunities, Chennai remains a hotspot for real estate investments.

The successful conclusion of this deal reaffirms DLF's commitment to maximising shareholder value and capitalising on emerging opportunities in India's dynamic real estate landscape. It also underscores the company's prudent approach to asset management and its ability to leverage strategic partnerships for mutual growth.

Overall, this transaction not only signifies a significant milestone for DLF but also underscores the resilience and potential of Chennai's real estate market. As the industry continues to evolve, such strategic moves are expected to drive growth and create value for stakeholders across the board.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..