DLF Ltd.: India's Leading Real Estate Company in Trouble |
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ExcerptsOverview of Indian Real Estate Sector
Growth in Real Estate Canvas of DLFDLF witnessed significant growth as a private company, utilizing internal and external funding. It went public in June 2007. The company's growth was supported by the growing Indian economy and DLF's access to strategic land holdings, particularly around the Indian Nation Capital Region (NCR), Delhi... Changed Economic ScenarioIndia witnessed an increasing demand for both the residential and commercial real estate properties till late 2008. However, the global financial crisis, an outcome of the sub-prime crisis in the US , and the subsequent collapse of many big corporations, worsened the economic environment across the globe and in India as well...
7] Mukesh Ambani and Anil Ambani, sons of Dhirajlal Hirachand Ambani, are one of the richest Indians, after getting ownership of various businesses of Reliance Group. Dhirajlal Hirachand Ambani created the Reliance Business Group, one of the biggest Indian conglomerates, which was divided among the two sons after his demise.
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