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As per the settlement terms, TFDRL will pay DLF a settlement amount in tranches over a 24-month period. The company confirmed receipt of the first tranche of ₹100 crore. Shares of DLF Ltd ended at ₹814.90, down by ₹16.20, or 1.95%, on the BSE.
Real estate major, DLF Limited, on Friday (July 11) announced that it has entered into consent terms for a full and final settlement of ongoing litigations and arbitrations involving Hubtown Limited, Chinsha Property Private Limited, Twenty Five Downtown Realty Limited (formerly Joyous Housing Limited) (TFDRL), and other parties.
As per the settlement terms, TFDRL will pay DLF a settlement amount in tranches over a 24-month period. The company confirmed receipt of the first tranche of ₹100 crore.
"As per the consent terms, TFDRL shall pay a settlement amount to the Company, in tranches, over a period of 24 (twenty-four) months, in the manner prescribed in the consent terms of which the first tranche of ₹ 100 crores has been received," according to a stock exchange filing.
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The remaining settlement amount is secured through a registered indenture of mortgage over approximately 1,50,000 square feet of RERA carpet area in a project being developed by TFDRL in Mumbai.
The arbitration award, formalising the consent terms between the parties, was passed on July 11, 2025. The corresponding consent order was received by DLF later the same day at 19:32 hrs.
Last month, DLF had recorded an unusual milestone with over ₹11,000 crore in sales for 1,164 units of its latest luxury residential development, DLF Privana North in Gurugram, within just one week of launch.
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Speaking to CNBC-TV18, Aakash Ohri, joint managing director and chief business officer at DLF Home Developers, confirmed that margins for the project remain healthy, standing at over 35%.
Ohri said buyers at Privana North include 26% Non-Resident Indians (NRIs). The typical buyer profile, he shared, comprises CEOs, CXOs, top doctors, Indian business families, entrepreneurs, and other high-net-worth individuals (HNIs).
Shares of DLF Ltd ended at ₹814.90, down by ₹16.20, or 1.95%, on the BSE.
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