DLF rises by 4.5%

DLF is in the limelight today, opening 3% higher at Rs.421 and rising further by 4.5% to hit an intraday high at Rs.426.70 on the back of good volumes. Its 52-week high is at Rs.449.80.

The stock price has reacted positively to its announcement that it has clocked sales worth Rs.1500 crore for its first phase in ONE Midtown, a newly launched luxury residential project in New Delhi.

ONE Midtown is the latest residential project in DLF Midtown, one of the largest integrated real estate developments in the capital city. It is coming up with four towers of 39 floors each, with 913 apartments. Available residences at ONE Midtown are priced at Rs.3 crore onwards.