DLF-Hines JV to invest Rs 1,900 crore in Gurugram commercial project

The project would be developed in the next four years and would come up on 11.76 acres. The land parcel is located across the highway from the existing business district of DLF Cyber City

The country’s largest real estate developer DLF on Tuesday announced its second joint venture with global realty investment, development and management firm Hines. They will work on a project with total value of Rs 7,000 crore.

DLF Home Developers (DHDL), a wholly owned subsidiary of DLF, and Green Horizon Trustee, an affiliate of Hines, have entered into a joint venture to develop a high-end commercial project in Gurugram, said the companies.

The total investment by the joint venture partners in this project is about Rs 1,900 crore.

Hines will initially own 33 per cent equity in the joint venture with an option to