A leaner, meaner DLF gets its mojo back

India’s most valuable real estate company breaks with its profligate past to return to its profitable ways.

To those who track Indian real estate, the mention of DLF conjures up images of endless tracts of land around the National Capital Region in various stages of development. The best malls, office spaces and apartment complexes usually bear the DLF name, making the company an industry bellwether. 

Its stock would belie that status, though. Since early-2008, DLF’s shares have traded well below their initial public offer price of Rs 525. Two years after it launched The Camellias, a 18-acre project for the uber-rich in Gurugram, its stock touched a low of Rs 80 in February 2016. In 2019-20, DLF …


T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor




Ujval Nanavati

Ujval leads our Business vertical at The Morning Context. In a corporate career spanning 14 years, he has worked across startups, consulting firms, multinational corporations and large Indian companies, including India Infoline, ICICI, KPMG, Tata Steel and Jubilant Pharma. Ujval has been a freelance writer and trainer for eight years, with bylines in Forbes India and The Economic Times.

Editor, Business