DLF Limited issued a clarification regarding a news report alleging ‘No Water, No Power’ at its luxury homes in Gurgaon, which also mentioned a Supreme Court CBI probe. DLF stated the headline was misleading, clarifying that the specific project, ‘The Primus,’ provided all amenities upon possession in 2017. The current matter involves appeals filed by 5 allottees following an NCDRC judgment, and the Supreme Court has only directed an inquiry without expressing a definitive opinion.
Response to Misleading Media Report
DLF Limited has formally addressed a news item dated 4th March 2026 concerning allegations of ‘No Water, No Power’ at its luxury homes in Gurgaon and an accompanying Supreme Court order for a CBI probe. The company asserts that the headline is misleading and sensationalised, failing to accurately capture the scope of ongoing legal proceedings. The reported issues pertain to a specific project, ‘The Primus’, which was developed by wholly owned subsidiary DLF Home Developers Limited (DHDL).
Project Status and Amenities
It is clarified that ‘The Primus’, comprising 624 apartments, was delivered with water, electricity, and all requisite amenities at the time of possession offer in 2017, compliant with the Occupancy Certificate terms. The company affirms its adherence to all applicable laws and regulatory requirements.
Status of Supreme Court Proceedings
The present legal issue stems from consumer complaints filed by 5 allottees, which were adjudicated by the National Consumer Disputes Redressal Commission (NCDRC), resulting in a judgement on 29th May 2023. Both the complainants and DHDL have filed appeals against the NCDRC order in the Hon’ble Supreme Court. On 25th February 2026, the Supreme Court issued an interim order directing an inquiry, providing both parties the opportunity to submit information.
Crucially, the company highlights that the Supreme Court expressly clarified that “no definitive opinion has been expressed by us against or in favour of any person/ authority in praesenti”. The matter remains sub judice, and as of the date of this communication, no final order has been passed that would materially impact the business or operations of the Company or DHDL. Therefore, no disclosure under the SEBI Listing Regulations was deemed necessary at this stage.
Market Observation
Regarding the decline in the company’s share price on 4th March 2026, DLF notes this aligns with the general downturn observed across all indices, including the Realty Index, influenced by current geo-political and war-like disruptions affecting global and domestic economies and stock exchanges.
Commitment to Governance
DLF reiterates its adherence to the highest standard of corporate governance. Due to the factual and legal position set out above, the Company is constrained from offering further commentary on the ongoing court matter.
Source: BSE
