The sponsor of Indian Premier League, DLF is popular among each and every citizen of India. It has split from its source firm and spread its tentacles in various directions. As per the sources saying at www.propertykhazana.com, DLF will be broadly classified into units like Devco, Rentco, and an establishment dealing with corporate world.
The cities like Gurgaon, Other Metros and other big cities in India will be part of Devco and it will associate with various real estate enterprises. Rentco will play a vital role to take the initiative of all the assets like Malls and Offices. Furthermore, the properties which are developed by the agencies under Devco will be transferred to Rentco.
The corporate will have various departments like finance, HR, Investor Relations, Legal, Corporate Affairs and Risk Management. A new establishment will be christened as DLF Holdings, which will be a collective base for the company ventures in areas like Hotels, Clubs, Spa and Conference Centres.
The corporate group will stress on creating the policies and provide the know how to make sure that there is standardization. As per the sources at www.propertykhazana.com, the last one year has been tiresome for DLF and the entire economy, the establishment has emerged powerful from the recession and it is well equipped to take the lead in renewal in growth. In these scenarios, we are facing lot of problems in solving the problem to ensure there is greater need for greater implementation, effective risk management, added the senior company official.
The property business of DLF, which is part of one company DLF city developer limited – it will be under Rentco. Rentco will own the properties upon the fulfillment of construction by Devco and they will also generate further earning through lease and maintenance. Rentco will stress on the practicability of the project and will closely work with Devco for their implementations. For more interesting updates, please logon to www.propertykhazana.com.
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