DLF Limited (Delhi Land & Finance) is the largest commercial real estate developer in India. It was founded by Chaudhary Raghvendra Singh in 1946 and is based in New Delhi, India. DLF developed residential colonies in Delhi such as Shivaji Park (their first development), Rajouri Garden, Krishna Nagar, South Extension, Greater Kailash, Kailash Colony, and HauzKhas. DLF builds residential, office, and retail properties. With the passage of Delhi Development Act in 1957, the local government assumed control of real estate development in Delhi and banned private real estate developers. As a result, DLF began acquiring land at relatively low cost outside the area controlled by the Delhi Development Authority, in the district of Gurgaon, in the adjacent state of Haryana. In the mid-1970s, the company started developing their DLF City project at Gurgaon. Its plans include hotels, infrastructure and special economic zones-related development projects. The company is headed by Kushal Pal Singh. Kushal Pal Singh, according to the Forbes listing of richest billionaires in 2009, was the 98th richest man in the world and the world's richest property developer. The company's US$2 billion IPO in July, 2007 was India's biggest IPO in history.[6] In its first quarter results for the period ending 30 June 2007, the company reported a turnover of ₹31.2098 billion (US$480 million) and profits after taxes of ₹15.1548 billion (US$230 million).[7] As of March 31, 2012, the Company had a 1,380 square feet of leased retail space across the country. In 2013–14, it leased out 3 million sqft of office space in India. In August 2011 a penalty of ₹6.3 billion (US$96 million) was imposed on DLF by the Competition Commission of India (CCI) after finding DLF guilty of breaching laws regarding the unfair pricing of goods and services. The complaint was lodged against DLF by buyers in its residential projects Belaire& Park Place, located in Gurgaon.[11] DLF has paid part of the penalty, and the matter is currently in the Supreme Court of India.[12] In February 2015, the CCI ordered its investigative arm to probe two more projects of DLF in Gurgaon, namely, DLF Regal Gardens and DLF Skycourt.

1. AN OVERVIEW ON THE DLF LIMITED (DELHI LAND & FINANCE)
Varun Kesavan, Research Scholar, E – Mail Id –
varunkesavan@yahoo.com
INTRODUCTION
DLF Limited (Delhi Land & Finance) is the largest commercial real
estate developer in India. It was founded by Chaudhary Raghvendra Singh in 1946
and is based in New Delhi, India. DLF developed residential colonies in Delhi such
as Shivaji Park (their first development), Rajouri Garden, Krishna Nagar, South
Extension, Greater Kailash, Kailash Colony, and HauzKhas. DLF builds
residential, office, and retail properties.
With the passage of Delhi Development Act in 1957, the local government
assumed control of real estate development in Delhi and banned private real estate
developers. As a result, DLF began acquiring land at relatively low cost outside the
area controlled by the Delhi Development Authority, in the district of Gurgaon, in
the adjacent state of Haryana. In the mid-1970s, the company started developing
their DLF City project at Gurgaon. Its plans include
hotels, infrastructure and special economic zones-related development projects.

2. The company is headed by Kushal Pal Singh. Kushal Pal Singh, according to the
Forbes listing of richest billionaires in 2009, was the 98th richest man in the world
and the world's richest property developer.
The company's US$2 billion IPO in July, 2007 was India's biggest IPO in
history.[6] In its first quarter results for the period ending 30 June 2007, the
company reported a turnover of ₹31.2098 billion (US$480 million) and profits after
taxes of ₹15.1548 billion (US$230 million).[7]
As of March 31, 2012, the Company had a 1,380 square feet of leased retail space
across the country. In 2013–14, it leased out 3 million sqft of office space in India.
In August 2011 a penalty of ₹6.3 billion (US$96 million) was imposed on DLF by
the Competition Commission of India (CCI) after finding DLF guilty of breaching
laws regarding the unfair pricing of goods and services. The complaint was lodged
against DLF by buyers in its residential projects Belaire& Park Place, located
in Gurgaon.[11] DLF has paid part of the penalty, and the matter is currently in
the Supreme Court of India.[12] In February 2015, the CCI ordered its investigative
arm to probe two more projects of DLF in Gurgaon, namely, DLF Regal
Gardens and DLF Skycourt.
INCOME
DLF has about 25 million sqft of leased office space spread
across Gurgaon, Hyderabad, Kolkata, Chandigarh and Chennai, which generates

3. a rental of about Rs 1,950 crore every year and supports Rs 45,000 crore of the
company's debt.[16]
DLF has leased office space to Samsung and about 1 lakh sqft office space to
some other companies, including Executive Centre and Corporatedge office
facilities.[
HISTORY
DLF's first residential project was Krishna Nagar in East Delhi, which was
completed in 1949. Subsequently, the company developed 21 colonies in Delhi,
including some in the South Extension, Greater Kailash, Kailash Colony
and HauzKhas. The passage of Delhi Development Act in 1957 was the first
serious challenge to company’s growth. The Act meant that the government would
assume control of all real estate development activities in the city.[18]
As a result, DLF decided to move beyond Delhi and zeroed in on the suburb
of Gurgaon in Haryana. Which had the potential for development of residential and
commercial properties. As DLF started to acquire land under the leadership of
Chairman, K.P. Singh, Gurgaon embarked on a period of rapid growth.[20]
The land purchase program adopted a humane approach so that the sellers do not
feel short-changed. To this effect, DLF partnered with farmers so that they also got
a share in profits. DLF acquired and created a land bank and then sold plots to

4. buyers after demarcation. The profits from the sales were subsequently shared
with farmers, which encouraged more farmers to come forward and partner with
DLF.[
SPONSORSHIPS
In 2008, DLF became the title sponsor of the Indian Premier League, a newly
formed Twenty20 cricket league. DLF paid close to ₹2 billion (US$31 million) for
the 5-year sponsorship deal.[23] The deal ended in the 2012 version of the season;
wherein it was taken over by PepsiCo Inc. It is now sponsored by Vivo and called
Vivo IPL.
BEYOND INFRASTRUCTURE
DLF-HUDA Expressway
Haryana Urban Development Authority (HUDA) and DLF, in 50: 50 cost sharing,
has commenced the work for a 16- lane, 10.5 km road network in Gurgaon. This
stretch from NH8 Toll Plaza to Sector 55/56 in Gurgaon with six underpasses, one
flyover and freeways will substantially improve traffic management in the city.[24] To
create this infrastructure facility, DLF has engaged Parsons Brinckerhoff for
project management consultancy and construction work has been awarded
to IL&FS.