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Godfather
Bewarse Legend
Username: Godfather

Post Number: 68494
Registered: 03-2004

Rating: N/A
Votes: 0

Posted on Tuesday, October 09, 2012 - 3:23 am:   

DLF Limited (Delhi Land & Finance) (BSE: 532868, NSE: DLF) is the largest commercial real estate developer in India. It was founded by Raghuvendra Singh in 1946 and is based in New Delhi, India

In the early 1940 to 1950s, Raghuvendra Singh with Makhan Lal Jain gandherwal belong to rohtak,haryana who was Managing Director Of Delhi Land and Finance Housing and Construction Private Ltd at that time, procured real estate around Delhi. The wealth generated was multiplied over the decades through investments like Punjabi Bagh, Rajouri Garden, Krishna Nagar, South Extension, Greater Kailash 1 & 2, Kailash Colony, Hauz Khas, and Panchsheel. In the 1970s and 1980s DLF purchased 3,000 acres (1,214 ha) of land from farmers in Gurgaon for $2000 per acre.[4]
At that time, the Haryana government did not allow private companies to develop the land. Years later, when Rajiv Gandhi became Prime Minister, he ensured that the Haryana Government changed the local law and allowed private companies to develop land. Gurgaon underwent a private real estate boom which is continuing to this day.[5] The boom includes world-class office buildings, apartments, golf courses, shopping malls, 5-star hotels and a private expressway linking Gurgaon to Delhi Airport.

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