DLF Full Form Friends, in this Artical, we’ll look at the full form of DLF. There are many such buildings in India that people keep viewing, but have you ever tried to find out who prepares the project for the best buildings to be created, who is responsible for this? C is employed at the firm. Although there are numerous companies that develop projects for the construction of large structures, one of them is a DLF company that does so.
DLF Full Form
DLF full form is Delhi Land and Finance. It is one of India’s most prominent commercial real estate developers. DLF was created in 1946 by Chaudhary Raghavendra Singh. New Delhi is the headquarters of Delhi Land and Finance (DLF). In Delhi, DLF creates residential communities such as Shivaji Park, Rajouri Garden, Krishna Nagar, South Extension, Greater Kailash, and others.
DLF: Delhi Land and Finance
Kushal Pal Singh is the current president of DLF. You might be astonished to learn that he was the 98th richest person in the world in 2009, according to Forbes’ ranking of the world’s richest billionaires. In Gurgaon, Kolkata, Hyderabad, Chennai, and Chandigarh, DLF owns 2.5 million square feet of leased office space. Every year, DLF earns roughly Rs 1950 crore.
DLF is now involved in a variety of projects, including
- IT Parks and Special Economic Zones
- Zone for Specialized Groups
- Bridges and Towers are two things that come to mind while thinking about bridges and towers.
- Residential Condominiums
- Buildings for Commercial Use
- Apartments and flats for rent in residential areas
- Homes with Shopping Malls and Retail Stores
DLF first appearance
DLF began operations in 1946 and completed its first project, a residential complex in Krishna Nagar, East Delhi, in 1949. Friends, it was a big success, and it gained people’s trust. DLF has since completed other projects in Delhi, including South Delhi, Kailash Colony, and Greater Kailash, following the success of the Krishna Nagar project.
DLF has 25 million square feet of leased office space across Gurgaon, Hyderabad, Kolkata, Chandigarh, and Chennai. Friends, DLF receives a yearly rent of roughly 1950 Corer from this.
What is DLF?
DLF Limited or DLF (formerly named Delhi Land and Finance) is India’s largest real estate developer, with headquarters in New Delhi. Raghuvendra Singh created the DLF Group in 1946. DLF built residential colonies in Delhi such as Shivaji Park, Rajouri Garden, Krishna Nagar, South Extension, Greater Kailash, Kailash Colony, and Hauz Khas (which was actually its first construction).
The municipal government took over the development of real estate in Delhi with the passing of the Delhi Development Act in 1957, prohibiting private real estate developer businesses from doing so. As a result, DLF began to acquire comparatively low-cost land outside of the Delhi Development Authority’s regulatory region and in the Haryana state’s Gurgaon district. The corporation began developing the DLF City project in Gurgaon in the mid-1970s. It has development projects in the works for hotels, basic infrastructure, and special economic zones.
Kushal Pal Singh, a Jat from Buland city and an Indian billionaire, currently leads the corporation. Kushal Pal Singh is presently the 98th richest person in the world and the world’s richest wealth developer, according to Forbes’ 2009 list of the world’s richest billionaires. The company’s initial public offering (IPO) in July 2007 raised $2 billion, making it India’s largest IPO to date. DLF released its first quarterly results for the period ending June 30, 2007 in July 2007. The firm reported a revenue of Rs 3,120.98 crore and a profit after tax of Rs 1,515.48 crore.
DLF stands for Delhi Land and Finance in its entire form. The municipal government took control of real estate development in Delhi with the enactment of the Delhi Development Act in 1957, which prohibited private real estate developers. As a result, DLF began to acquire land in the district of Gurgaon, in the bordering state of Haryana, outside of the area controlled by the Delhi Development Authority, for a relatively low cost.
DLF stands for “Delhi Land and Finance” in full. In Hindi, it’s known as “Delhi land and finance.” This corporation is a part of India’s largest real estate company. DLF was founded in 1946 by Chaudhary Raghavendra Singh and is headquartered in India’s capital, Delhi. DLF is an example of a corporation that completes large-scale construction projects. DLF created residential colonies like as Rajouri Garden, Krishna Nagar, South Extension, Greater Kailash, Kailash Colony, and Hauz Khas after first constructing Shivaji Park in Delhi. Kushal Pal Singh, a Jat and Indian billionaire from Buland city, is currently in charge of DLF. Kushal Pal Singh is presently the 98th richest person in the world and the world’s richest wealth developer, according to Forbes’ 2009 list of the world’s richest billionaires.
What is the DLF’s history – DLF Full Form
- DLF was founded in 1946, with its first project being a residential community in Krishna Nagar, East Delhi, which was finished in 1949.
- It was a great hit and drew a lot of attention.
- DLF has completed various projects in Delhi, including South Delhi, Kailash Colony, and Greater Kailash, following the success of the Krishna Nagar project.
- DLF has leased office space in Gurgaon, Kolkata, Hyderabad, Chennai, and Chandigarh totaling around 25 million square feet. It brings in roughly Rs 1950 crore per year.
- Kushal Pal Singh is the current chairman of DLF. He was the 98th richest individual in the world in 2009, according to Forbes’ list of the world’s richest billionaires.
Do you have any recent awards – DLF Full Form
- DLF has received numerous honors since its start. The following are some recent awards:
- DLF CyperHub was named Best Food & Nightlife Development at the 2017 Ever Food Awards.
- In 2017, DLF Mall of India received the Mall of the Year (National) award.
- DLF Mall of India, headquartered in Noida, earned the title for? -Best Retail Project of 2015? in 2016. On the red carpet at the CNBC Awa Bhoomi Awards.
- In 2016, the DLF Foundation received the Assocham Gold Award for Skill Development.
- At the 2016 Realty Plus Conclave and Excellence Awards, DLF Capital Greens took up the award for residential property.
- DLF Cybercity Gurgaon took home the prize for Environmentally Friendly Project and Developer of the Year (2014-15).
- In 2015, DLF Emporio won the award for Mall of the Year.
- In 2013, DLF received the award for Best Residential Space Developer.
Is your company involved in the DLF Land Grab Case?
The CBI is investigating Robert Vadra, Hooda, and DLF in connection with the seizing of 50 acres of land in Amipur village, Haryana, under the Congress’s Bhupinder Singh Hooda administration in 2013. Hooda’s generosity to land sharks and builders cost the farmers and the Haryana government a lot of money. As a result, the Central Bureau of Investigation (CBI) is investigating him and there are court charges pending against him in connection with dodgy land deals.
These transactions included giving his relatives and powerful associates in the Indian National Congress, such as Sonia Gandhi’s son-in-law Robert Vadra, highly subsidized land and modifications in land use licenses. Within a few months in 2008, Jitesh Vadra made unlawful earnings of more than 50 crores from this land purchase. In connection with this case and the Manesar land scam, the CBI has filed an 80,000-page chargesheet in court.
Hooda is the subject of six CBI cases and several additional Vigilance Department probes. Several scandals involving unlawful land acquisition that occurred under his leadership in Haryana are being investigated by the Central Bureau of Investigation. The Manesar land scam, the Gurugram Rajiv Gandhi Trust land grab scam, the Sonepat-Kharkhoda IMT land scam case, the Garhi Sampla Udgar Gagan land scam, the AJL-National Herald Panchkula land grab case, the AJL-National Herald Panchkula land grab scam, and the Haryana land grab case are among the investigations. The forestry fraud and the Haryana Raxil drug purchase scandal are two examples.
In the Manesar-Gurugram land fraud, he has already been charged, while other instances are still being investigated. HUDA was acquiring land at low prices from impoverished, illiterate farmers in the name of “public interest,” then sponsoring and licensing the builders, which helped to dramatically increase the price of the land.
During his 10-year tenure as chief minister, successive chief ministers licensed 24,825 acres of land, compared to only 8,550.32 acres in the previous 23 years. The CBI is investigating the incident and has filed an 80,000-page chargesheet with the court. Builders utilized Section 4 of the Land Act to compel farmers to sell their land after the government informed them that their land was needed for a “public use.”
Builders attempt to obtain this land by paying a slight premium over the government’s land acquisition rate. If the landowner farmers continue to object to the sale, the government can use Section 6 of the Land Acquisition Act to declare the government’s intention to buy the land, compelling recalcitrant farmers to sell the land to builders for a modest fee.
The government cancels the acquisition procedure and releases the land to the new build owners, as well as change of land use approval to develop residential and industrial buildings on farm property, once the builders have bought the site. does. As a result, land values skyrocketed, resulting in big profits for developers, opportunity costs for farmers, and a loss of land tax revenue for the government. Hooda’s beneficiary producers were Robert Vadra and DLF.