DLF shines on launching luxury residential project ‘ONE Midtown’ in New Delhi

DLF is currently trading at Rs. 410.25, up by 9.50 points or 2.37% from its previous closing of Rs. 400.75 on the BSE.

The scrip opened at Rs. 406.90 and has touched a high and low of Rs. 410.90 and Rs. 405.55 respectively. So far 49895 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 449.80 on 18-Oct-2021 and a 52 week low of Rs. 231.95 on 22-Apr-2021.

Last one week high and low of the scrip stood at Rs. 411.70 and Rs. 390.65 respectively. The current market cap of the company is Rs. 99198.12 crore.

The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 20.00% and 5.05% respectively.

DLF has launched luxury residential project ONE Midtown located at Shivaji Marg, Moti Nagar in New Delhi. ONE Midtown is a joint venture between DLF Home Developers (DHDL), a wholly-owned subsidiary of DLF and GIC, Singapore’s sovereign wealth fund.

Located in West Delhi, ONE Midtown boasts of 4 towers soaring to 39 floors each, offering its residents panoramic views of the acres of greenery surrounding it. The 913 spacious and elegant apartments, come with a choice of two, three or four bedrooms. Available residences at ONE Midtown are priced at Rs 3 crore onwards. DLF Midtown is a thriving community, with three existing residential complexes titled Capital Greens I, II and III. With truly modern facilities, a community centre, two fully equipped clubhouses and multi-tier security, they are home to over 2,700 happy families. ONE Midtown is the newest addition in the development.

DLF is one of India’s biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.

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