DLF, India's largest real estate company, was incorporated in 1963 as American Universal Electric (I) Limited (named DLF in 2006). It has developed some of the first residential colonies in Delhi such as Krishna Nagar in East Delhi, which was complet... Moreed in 1949. Since then, DLF has been responsible for the development of many of Delhi's other well known urban colonies like South Extension, Greater Kailash, Kailash Colony and Hauz Khas. Besides residential properties, it has presence in commercial and retail projects too. DLF's operations span all aspects of real estate development.
Established in 1972, Unitech is India's second largest listed real estate company. It has presence across all the segments of real estate development, like residential, commercial, retail, hospitality, amusement parks and special economic zones. In o... Morerder to diversify its business from geographic risks (the company earlier concentrated only in the National Capital region), Unitech has entered new markets like Kolkata, Chennai, Kochi, Hyderabad, Bangalore, Mohali, Agra and Varanasi. The company has had a focus on the high-end market for properties. However, it has now ventured into affordable housing also considering that it was its high-end projects that were worst affected during the crisis. As of 31st March 2011, Unitech had 80 ongoing projects covering a total area of 40 msqft at various stages of development.
Global stock markets ended the week on a mixed note. Stock markets in Germany and China were the biggest gainers, with gains of 1.7% and 1.6% respectively. Further, Indian stock markets were also up by 1.5%. However, the UK and Brazil share markets were marginally down by 0.6% and 0.5%, respectively.