With heightened refinancing costs impacting property values and changing consumer behaviour stifling demand for commercial and residential real estate in the Asia-Pacific region broadly, South and Southeast Asia have stood out with pockets of optimism in this sector.
DLF's net profit increases by 61.49% in Q4 FY24, Real Estate News, ET RealEstate indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
DLF to launch 11 million sq ft with revenue potential of Rs 36,000 crore in FY25 indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
On 6 December 2023, the Central government made amendments to the SEZ Act, permitting demarcation of parts of SEZ areas as non-SEZ areas after repayment of tax benefits availed till date.
DLF Cyber City Developers (DCCDL), the rental arm of DLF, has applied for denotification of 1.1 million sq ft of office space in Special Economic Zones (SEZs) and plans to start leasing it by March end. The SEZ portfolio of DLF has a vacancy of about 16%, while the non-SEZ portfolio has a vacancy of only 3%. The government s amendment in SEZ rules in December 2023 allows partial and floor-wise denotification, benefiting IT and ITES companies. DLF has already applied for denotification and is working out the duty drawback payment with a chartered surveyor.