Introduction
DLF Limited (Delhi Land & Finance) is one of the largest commercial real estate developers in India. In the year 1946 Chaudhary Raghvendra Singh founded DLF. Passage of Delhi Development Act in 1957, the local government banned private real estate developers and they controlled real estate development in Delhi. So DLF acquired land at Gurgaon, near the state of Haryana. At Gurgaon in mid-1970’s DLF developed the City Project, also it established hotels, infrastructure and special economic zones (SEZ’s).
DLF created boom of private real estate which is continuing till date. It built many office buildings, apartments, shopping malls, hotels and also private express that linked Gurgaon to Delhi Airport. It had high revenue earnings,
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Equity: Self-Finance, Investors, Real Estate Investment Firms
2. Debt: Bank Loans, Mortgages(Mortgage Broker or Mortgage Banker), Secondary Markets
Construction
This stage comprises of activities such as selection of contractual agency, design phase (construction and development of design), actual construction phase (procurement of materials and construction), finishing work, handover
Transaction
In real estate, builders can initiate the sell and purchase process before or after the actual project is constructed. The process of transaction is carried out by brokers, in-house marketing, word of mouth publicity etc.
Usage
DLF built many office buildings, apartments, shopping malls, hotels, private express etc.
Financial Analysis
Time and again, owners of the firm have to take decisions for the investment in various projects. They need to assess the viability, profitability and stability of their businesses or projects. Financial Statements such as balance sheets, income statements provides valuable insights in understanding the financial condition of the company. This analysis helps the management in making better decisions on various alternatives in the conduct of their
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Organizational Structure and people
• All business - Hotels, Homes, Office/Commercial and Retail – independent of each other, organized in vertical structure.
• Compensation structure for management employees should be based on the success of projects.
Partnership
Defend their position
• Focus on core competency – execution of project
• Identify weaknesses
• Build Strengths
Business Level Strategy
Seek Dominance
• DLF follow focus strategy and create unique construction marvels in the region it enters. This acts as an entry barrier and thus secure key region for the company.
DLF prefers owning land instead of developing a leased out plot.
Most of their revenue comes from leasing its own developed property.
Pricing Strategy
• 20-40% premium pricing at home markets (NCR and northern tier-II cities)
• Very competitive pricing in new markets (Bangalore and Hyderabad).
Steps taken in line with the
The collection of these three financial statements identifies the financial position of the corporation to help identify the way forward financially for the company. Once all of the data has been collected for the annual reporting the corporation can analyze the data through the different financial ratios including the liquidity ratio, the asset management ratio, and the profitability ratio.
The last process is called planning. Planning, formerly called Phase II, is the bridge to change. This can include making a clear plan and creating a menu of options for how to proceed.
The statement displays the relationship of the net income to the changes in the cash balances. It is important to understand that cash balances can wane despite an increase in net revenue (Horngren, 2014, p. 674). The statement also aids in the evaluation of management’s use of cash and management’s generation, defining a company’s capability to pay dividends and interest to pay debts when the time comes to pay them, and forecasting upcoming cash flows (Horngren, 2014, p. 674). The balance sheet displays the status of an entity at a specific time. Contrary to the balance sheet, income statements and cash flows cover periods over time.
receive bank financing for this new entity of HKD 2.3bn as a Delay Draw Term Loan (“DDTL”) plus HKD
One of the California Common Core Standard for 3rd grade under the writing standards is the ability to “Write narratives to develop real or imagined experiences or events using effective technique, descriptive details, and clear event sequences. a. Establish a situation and introduce a narrator and/or characters; organize an event sequence that unfolds naturally. b. Use dialogue and descriptions of actions, thoughts, and feelings to develop experiences and events or show the response of characters to situations. c. Use temporal words and phrases to signal event order. d. Provide a sense of closure”. This was found on the California Department of Education’s website under this link: https://www.cde.ca.gov/be/st/ss/documents/finalelaccssstandards.pdf
The firm’s formation was strategic with Mr. Ravi Singhania approaching Ms. Manju Mohotra to form a partnership. This approach created diversity because each party had a different background and experience. Once the company had established roots in India, these partners made an effort to engage the company in international market opening up a branch in New York under the name Singhania & Company. This created a rich platform for the firm to acquire international experience that would be fundamental in enriching the company’s quest to provide legal advice to multinational corporations that were investing in India.
The responsibility of each individual element of a Building Information Model has been addressed in General Provision 1.1 of the Protocol Exhibit, which states that specific responsibilities are assigned according to the development of each model element “at each project phase.” The model element, defined as an aspect of the BIM model which “represents a system or component within the building,” is created by an individual author who assumed the responsibility of that element. Within a project, there are various different phases that range from initial conceptual phase to a start up and turn over phase. These different phases within construction have been defined within the Protocol Exhibit as “Levels of Development.” For example, Level of Development 1 is equivalent to a pre-conceptual phase in construction, while Level of Development 5 is considered an as built phase after construction has been completed. These levels help describe the overall development of an element within the model itself. For practicality purposes, a table format...
The Purpose of Financial Statements The financial statements of a business are used to provide information about the status of the business, set performance targets and impose restrictions on the managers of the firm as well as provide an easier method for financial planning. The financial statements consist of the Profit and Loss Account, Balance Sheet and the Cash Flow Statement. There are four areas of information, which we can collect from a company's financial statements. They are: Ÿ Profitability - This information comes from the Profit and Loss account. Were we can compare this year's profit with the previous years.
The project comprises of the structure ,functioning and marketing of a real estate brokerage company called RE/MAX.The company was started by Dave Liniger in U.S. and follows the franchise system. Re/max is derived from words ’Real estate’ and ‘maximum’ which refer to maximum satisfaction of clients, agents, and franchise owners. Re/max India is an initiative of Mr. Samir Chopra in order to organize the scattered system of real estate in India. In India brokers as sole proprietors make the transactions happen within their reach. In India there is no specific training given to people to who trade in this industry. But,at Re/max which is an established global brand across 100+ countries there is an advantage that a broker sitting
Procurement is a combination of different methods of purchasing construction objects and includes such variables as source of funding, partner selection method, price basis, responsibility for design, responsibility for management, and amount of subcontracting (Murdoch and Hughes, 2008). Before proceeding with a project, the appropriate procurement option has to be selected by the client that provide an effective organization to minimize all the risk that will be occur during the construction process. There are several procurement approaches that have to be taken in the construction industry such as the traditional method, design and build method, and management method. The selections of an appropriate procurement system to be used in a project are important to guarantee the success of the project. Consideration and analysis in selecting the appropriate procurement have to be made and it will include several main criteria such as cost certainty, time certainty, speed, and flexibility. Nowadays, the perspective of choosing the appropriate procurement is based on the past experience.
In general, there are different types of procurement type for various situations due to no one method can be suitable under the all different construction project. In this case, there are four procurement paths, which are traditional, design and build, management and design and manage, will be advised to use. However, each method has different aspects of advantages and disadvantages.
Lastly, this stage looks at how ideas come to life through production. Therefore, implementation must ensure that design details are put into effect and that the client is satisfied with the final product.
Population growths have the following advantages on the New Delhi city. The advantages include a better consumer market, more companies will be opened national or multinational, attraction of investors, availability of labor...
Balance sheets are very important for parties like suppliers, investors, competitors, customers, etc. to know the company’s position, company’s strength and company’s weaknesses. Balance sheets helps to ascertain the amount of capital employed in the business so that we can further calculate different types of ratios. Some important objectives of preparing balance sheets are:
Owners and managers require financial statements to make important business decisions that affect its continued operations. Financial analysis is then performed on these statements to provide management with a more detailed understanding of the figures. These statements are also used as part of management's annual report to the stockholders.