{{Short description|Indian commercial real estate developer}} {{Use Indian English|date=October 2020}} {{Use dmy dates|date=October 2020}} {{COI |date=April 2025}} {{Infobox company | name = DLF Limited | logo = DLF logo.svg | logo_size = | type = Public | traded_as = {{ubl|{{BSE|532868}}|{{NSE|DLF}}}} | founder = Ch. Raghvendra Singh | key_people = Kushal Pal Singh <br /> {{small|(retd. Chairman)}} <br /> Rajiv Singh <br /> {{small|(Chairman)}} | ISIN = {{ISIN|sl=n|pl=y|INE271C01023}} | industry = Real estate | products = Offices <br /> Apartments<br /> Shopping malls <br /> Hotels<br />Golf courses<br />Infrastructure | revenue = {{Increase}} {{INRConvert|69.58|b|lk=r}}<ref>{{cite web |title=Stock share price of DLF Limited |url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/2e623c80-d7dd-474c-84f1-1ef84e009266.pdf |work=BSE India}}</ref> | revenue_year = 2024 | operating_income = | income_year = | net_income = {{Increase}} {{INRConvert|27.24|b|lk=r}} | net_income_year = 2024 | assets = {{Increase}} {{INRConvert|602.62|b|lk=r}} | assets_year = 2024 | equity = | equity_year = 2021–22 | num_employees = 1,608 (excluding hotels; March 2019) | founded = 4 July 1946 | hq_location = DLF Gateway Tower, Phase 2, Gurugram, Haryana, India | website = {{URL|https://www.dlf.in/}} }}
'''DLF Limited''' (formerly '''Delhi Land & Finance''') is an Indian commercial real estate development company. It was founded by Chaudhary Raghvendra Singh in 1946, and it is based in New Delhi, India.<ref>{{cite web|url=http://www.dlf.in/dlf/dlffounder/life-journey.html|title=DLF: Leading Real Estate Company in India|website=www.dlf.in|access-date=8 April 2014|archive-url=https://web.archive.org/web/20140507225255/http://www.dlf.in/dlf/dlffounder/life-journey.html|archive-date=7 May 2014|url-status=dead}}</ref><ref name="autogenerated1">{{cite web |url=http://www.dlf.in/dlf/wcm/connect/721e93804c65d8e99c91fc8b9fa0b98f/CorpPresentation-May08.pdf?MOD=AJPERES |title=DLF Ltd. |access-date=17 July 2010 |archive-url=https://web.archive.org/web/20101101072323/http://dlf.in/dlf/wcm/connect/721e93804c65d8e99c91fc8b9fa0b98f/CorpPresentation-May08.pdf?MOD=AJPERES |archive-date=1 November 2010 |url-status=dead }}</ref> DLF has developed residential colonies in Delhi such as Model Town, Rajouri Garden, Krishna Nagar, South Extension, Greater Kailash, Kailash Colony, and Hauz Khas. DLF builds residential, office, and retail properties.<ref>{{cite news| url=http://www.thehindu.com/news/cities/chennai/dlf-residents-list-litany-of-broken-promises/article4530761.ece | location=Chennai, India | work=The Hindu | first=Sunitha | last=Sekar | title=DLF residents list litany of broken promises | date=21 March 2013}}</ref><ref>{{cite news| url=http://www.thehindu.com/todays-paper/tp-national/dlf-demand-may-put-state-in-a-fix/article5616566.ece | location=Chennai, India | work=The Hindu | first=Appaji | last=Reddem | title=DLF demand may put State in a fix | date=25 January 2014}}</ref>
With the passage of the Delhi Development Act in 1957, the local government assumed control of real estate development and banned private real estate developers from Delhi proper. As a result, DLF began acquiring land at a relatively low cost outside the area controlled by the Delhi Development Authority, in the district of Gurgaon, and in the adjacent state of Haryana. In the mid-1970s, the company started developing their DLF City project at Gurgaon. This included hotels, infrastructure, and special economic zones-related development projects.
The company is headed by Rajiv Singh, who is the current chairman of the DLF Group. According to the Forbes listing of richest billionaires in 2023, Kushal Pal Singh, Chairman Emeritus, is the 19th richest man in India with a net worth of US$8.8 billion. The company's {{USD}}2 billion IPO in July 2007 was India's biggest IPO in history.<ref>[http://www.indianexpress.com/story/33122.html IndianExpress.com :: Is India's largest IPO going to change the Sensex stakes?].</ref> In its first quarter results for the period ending 30 June 2007, the company reported a turnover of {{INRConvert|31.2098|b}} and profit after taxes of {{INRConvert|15.1548|b}}.<ref>{{cite web|url=http://www.thehindubusinessline.com/news/states/dlf-seeks-land-allotted-to-gaming-city-in-hyderabad/article5610232.ece|title=DLF seeks land allotted to Gaming City in Hyderabad|website=thehindubusinessline.com}}</ref>
As of 31 March 2012, the company had {{convert|1,380|e6sqft|e6m2|abbr=off|order=flip}} of leased retail space across the country.<ref>{{cite news |url=https://www.reuters.com/finance/stocks/companyProfile?symbol=DLF.NS |title=DLF Ltd (DLF.NS) |publisher=Reuters |access-date=23 March 2013}}</ref> In 2013–14, it leased out {{convert|3|e6sqft|e6m2|abbr=off|order=flip}} of office space in India.<ref>{{cite web|title=DLF leased 3 million sq ft office space in 2013-14 |url=http://news.biharprabha.com/2014/04/dlf-leaseed-3-million-sq-ft-office-space-in-2013-14/|work=IANS|publisher=news.biharprabha.com|access-date=24 April 2014}}</ref><ref>{{Cite web|date=2020-10-22|title=StanChart GBS leases 7.7 lakh sq-ft at DLF's Chennai project for office campus|url=https://www.financialexpress.com/industry/stanchart-gbs-leases-7-7-lakh-sq-ft-at-dlfs-chennai-project-for-office-campus/2111091/|access-date=2020-10-25|website=The Financial Express|language=en-US}}</ref>
==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 Model Town, Rajouri Garden, Punjabi Bagh, South Extension, Greater Kailash, Kailash Colony and Hauz Khas. 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.<ref name="The story behind DLF's success">{{cite web | url=http://www.rediff.com/money/2006/apr/20spec2.htm | title=The story behind DLF's success }}</ref>
As a result, DLF decided to move beyond Delhi and focused on the suburb of Gurgaon in Haryana,<ref name="Indian Army Gurgaon">{{cite news| url=http://articles.economictimes.indiatimes.com/2014-10-15/news/55059505_1_indian-army-gurgaon-dlf | archive-url=https://web.archive.org/web/20141017024833/http://articles.economictimes.indiatimes.com/2014-10-15/news/55059505_1_indian-army-gurgaon-dlf | url-status=dead | archive-date=17 October 2014 | work=The Times Of India | title=DLF's KP Singh: Meet the man who built Gurgaon out of nothingness | date=15 October 2014}}</ref> 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.<ref name="Gurgaon Millennium City">([http://www.thehindu.com/todays-paper/tp-features/tp-opportunities/gurgaonmillennium-city/article2451662.ece])</ref>
A {{INRConvert|580|m|year=2008}} deal was cancelled between DLF and Robert Vadra by IAS officer Ashok Khemka.<ref>{{cite web|url=http://www.ndtv.com/cheat-sheet/58-crore-deal-between-dlf-and-robert-vadra-cancelled-by-ias-officer-ashok-khemka-501911|title=58-crore deal between DLF and Robert Vadra cancelled by IAS officer Ashok Khemka|website=ndtv.com}}</ref>
==Sponsorship==
In 2008, DLF became the title sponsor of the Indian Premier League, a newly formed Twenty20 cricket league. DLF paid close to {{INRConvert|2|b}} for the five-year sponsorship deal.<ref name=forbes1>{{cite news |url=https://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Kushal-Pal-Singh_0UU7.html |title=#98 Kushal Pal Singh - The World's Billionaires 2009 |work=Forbes.com |date=13 February 2009 |access-date=21 January 2010}}</ref> The deal ended in the 2012 version of the season, wherein it was taken over by PepsiCo.
==Beyond buildings==
Haryana Urban Development Authority (HUDA) and DLF, in a 50:50 joint venture, have completed work on 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 has improved traffic management in the city.<ref name="DLF Huda Flyover">{{cite news|url=http://www.business-standard.com/article/pti-stories/haryana-cm-inaugurates-dlf-huda-flyover-115041100762_1.html|title=Haryana CM inaugurates DLF-HUDA flyover|newspaper=Business Standard India |date=11 April 2015|via=Business Standard|agency=Press Trust of India }}</ref> To create this infrastructure facility, DLF had engaged Parsons Brinckerhoff for project management consultancy and construction work had been awarded to IL&FS.<ref name="Jointly Building 16 lane corridor">{{cite web |url=http://www.infrawindow.com/news/dlf-huda-to-jointly-build-16-lane-corridor-in-gurgaon_2987/ |title=DLF, HUDA to jointly build 16-lane corridor in Gurgaon |website=www.infrawindow.com |url-status=usurped |archive-url=https://web.archive.org/web/20120712230858/http://www.infrawindow.com/news/dlf-huda-to-jointly-build-16-lane-corridor-in-gurgaon_2987/ |archive-date=2012-07-12}}</ref>
== Controversies == In August 2011, a penalty of {{INRConvert|6.3|b}} was imposed on DLF by the Competition Commission of India (CCI)<ref>{{cite news |date=16 August 2011 |title=DLF hit with 6.3 billion rupees anti-competition fine |publisher=Reuters |url=http://in.reuters.com/article/idINIndia-58809520110816 |archive-url=https://web.archive.org/web/20160306050147/http://in.reuters.com/article/idINIndia-58809520110816 |url-status=dead |archive-date=6 March 2016 |access-date=23 January 2015}}</ref> 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.<ref>{{cite web |title=Main Order: Informants Belaire Owners Association vs DLF & Ors |url=http://www.cci.gov.in/May2011/OrderOfCommission/DLFMainOrder110811.pdf |url-status=dead |archive-url=https://web.archive.org/web/20150224021040/http://www.cci.gov.in/May2011/OrderOfCommission/DLFMainOrder110811.pdf |archive-date=24 February 2015 |access-date=23 January 2015 |website=Competition Commission of India}}</ref> In February 2015, the CCI ordered its investigative arm to probe two more projects of DLF in Gurgaon, namely, DLF Regal Gardens<ref>{{cite web |title=DLF Regal Gardens |url=https://www.dlfhomes.co.in/dlf-regal-gardens/}}</ref> and DLF Skycourt.<ref>{{cite web |title=DLF Skycourt |url=https://www.dlfhomes.co.in/dlf-skycourt/}}</ref><ref>{{cite web |title=CCI orders fresh probe against DLF |url=http://www.thehindubusinessline.com/industry-and-economy/real-estate/cci-orders-fresh-probe-against-dlf/article6878851.ece |access-date=15 February 2015 |work=The Hindu}}</ref>
DLF land grab case pertains to the alleged illegal acquisition of 50 acres of land in Amipur village, Haryana, back in 2013, during Bhupinder Singh Hooda's tenure as Chief Minister under the Congress government. This matter has led to an investigation by the Central Bureau of Investigation involving Robert Vadra, Bhupinder Singh Hooda, and the DLF, as of around December 2017.<ref>{{Cite web |date=2018-02-04 |title=Manesar land scam: Long battle awaits Bhupinder Singh Hooda as shady deals return to haunt former Haryana CM |url=https://www.firstpost.com/india/manesar-land-scam-long-battle-awaits-bhupinder-singh-hooda-as-shady-deals-return-to-haunt-former-haryana-cm-4334681.html |access-date=2023-10-29 |website=Firstpost |language=en}}</ref> DLF fined for late possession of flat in Kakkanad<ref>{{Cite web |last=Dixit |first=Sweta |date=2025-08-23 |title=DLF told to pay buyer for late flat handover in Kakkanad |url=https://estatenews.in/news/dlf-told-to-pay-buyer-for-late-flat-handover-in-kakkanad/ |access-date=2025-08-28 |website=Estate News |language=en-US}}</ref>
== Constructed buildings == {{Panorama | image = DLF IT Park, Ramapuram, Chennai.jpg | height = 200 | alt = | caption = DLF Cybercity IT SEZ at Chennai }}
<gallery class="center"> File:DlfibmkolkataITTechPark.jpg|DLF IBM Kolkata (Tech Park) File:DLFKolkataIBM.jpg|DLF IT Tech Park (IBM Kolkata) File:DLF Cybercity Chennai.jpg|DLF Cybercity Chennai File:DLF Epitome Tower, DLF Phase 3, Gurugram.jpg|alt=DLF Epitome Tower, Gurugram|DLF Epitome Tower, Gurugram File:DLF_Cyber_City,_DLF_Phase_2,_Sector_24,_Gurgaon,_Haryana_122021,_India_-_panoramio.jpg|DLF Cyber City, Gurgaon </gallery>
==References== {{Reflist}}
==External links== * [https://www.dlf.in/ Official website] {{Nifty 200 companies}} {{Authority control}}
Category:Real estate companies established in 1946 Category:Companies based in New Delhi Category:Real estate companies of India Category:Indian companies established in 1946 Category:Companies listed on the National Stock Exchange of India Category:Companies listed on the Bombay Stock Exchange