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Old Feb 5, 2009 | 10:49 am
  #743  
Kagehitokiri
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Join Date: Jun 2006
Location: IAD/DCA
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article on DLF's financial situation
http://www.thehindubusinessline.com/...0351500100.htm

Giving an update on its hotel venture, DLF, in its presentation said under prevalent market conditions “all projects stand suspended till project finance is arranged for select projects”. However, it said the Hilton joint venture continues on firm footing. “The first hotel under the alliance, the Hilton Garden Inn Saket, Delhi, which is delayed due to certain regulatory approvals, is now expected to open in the first quarter of FY10. Also, DLF Hotels is a strategic investor in Aman Resorts Group. The Aman Lodhi property in New Delhi is expected to open in the first quarter of FY10,” it added.
delayed another year? or what is their fiscal calendar?
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