DLF bags exalted international award

DLF, the largest real estate firm in the realm of India has bagged a prestigious award of international repute once again and at this time, the organization has been presented the best global developer award for 2009 by Euromoney - a leading financial market magazine. In addition to this, the celebrated company has received awards for the best developer in Asia and in India. ‘Euromoney’s Fifth Annual Real Estate Awards’ was held in London.

“To be named as the best developer, not just in India, but across the globe, is definitely an achievement,” DLF Chairman K P Singh said after receiving the award.

It is to be noted that Euromoney’s annual realty survey is rooted in the opinions of developers, financial institutions, investors and end-user worldwide. The respondents were asked to name, which firms they thought were best at providing various real estate products and services in their market in the last 12 months. “In an increasingly challenging financial environment, the winners of the 2009 Euromoney Real Estate Awards are those that exhibited the ability to react at speed, innovate and make best use of the inherent strengths of their organisation,” Euromoney Editor Clive Horwood said.

While DLF was accorded third position in these awards last year, it moved to being named the best global developer this year, the statement said.

The DLF Group, happens to be India’s largest real estate company in terms of revenues, earnings, market capitalization and developable area. It has a 62-year track record of sustained growth, customer satisfaction, and innovation. The group has over 231 msf of completed development and 423 msf of planned projects, and has pan India presence across 32 cities.

On the other hand, DLF’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. Its exposure across businesses, segments and geographies, mitigates any down-cycles in the market. DLF has also forayed into the infrastructure, SEZ and hotel businesses.