Globonomics!

Consulting|Technology|International business

DLF IPO

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DLF – http://en.wikipedia.org/wiki/DLF_Universal_Limited is a term I heard of first in the year 2000 when I was on a work assignment through TCS (http://www.tcs.com/) – at Gurgaon on the outskirts of Delhi. Gurgaon is part of the NCR – National Capital Region.

This real estate major is planning the largest ever IPO of India and has evoked a large global and local interest where it is already oversubscribed.

KP Singh (http://en.wikipedia.org/wiki/K.P._Singh) – the son in law of DLF’s founder – Chaudhury Raghuvendra Singh (DLF – the erstwhile, Delhi Lease and Finance Limited and now called DLF Universal Limited – http://en.wikipedia.org/wiki/Delhi_Lease_and_Finance) is also not a name new to me. KP was the one of the people who introduced General Electric (GE) to India during the Jack Welch days (KP – as Jack used to call him).

Coming back to the IPO, we need to look at what business they are into and what is the prospect for real estate majors such as Unitech, DLF etc. (my analysis – this is strictly NOT investment advice).

Before getting into the financials, lets look at some of their architectural marvels.

Here is one: http://www.dlf.in/offices/dlf_gateway_tower/overview.asp

This is their gateway tower that looks like a ship! I saw it first in 2000 (7 years ago) and wow, was I impressed! They also had just begun then on the DLF city where today, all one can see are apartment complexes and high rise buildings.

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Written by Naveen Athresh

June 16, 2007 at 12:23 pm

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