Delhi Land & Finance (DLF Limited)
Delhi Land & Finance (DLF Limited) is a commercial real estate development company. It was founded by Chaudhary Raghvendra Singh in 1946 and it is based in New Delhi, India. 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
With the passage of the Delhi Development Act in 1957, 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 US$2 billion IPO in July 2007 was India’s biggest IPO in history. In its first quarter results for the period ending 30 June 2007, the company reported a turnover of ₹31.2098 billion (US$390 million) and profit after taxes of ₹15.1548 billion (US$190 million)
