DLF Ltd, India’s largest realty firm, plans to invest an additional Rs 21,300 crore to complete its ongoing residential projects in Gurugram and other cities. The move comes as the company holds sizable customer receivables. DLF has also rolled out fresh projects, including a luxury development, while sales bookings eased but profits and total income rose.
MahaRERA has cracked down on builders behind more than 8,000 housing projects after many missed mandatory quarterly progress-report deadlines. The action spans projects across the Mumbai Metropolitan Region as the regulator issues show-cause notices. Developers get 60 days to respond and comply, failing which penalties could escalate up to project registration cancellation.
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