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DLF Home Developers and GIC enter into joint venture

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Capital Market

For investing in two upcoming realty projects in Central Delhi

DLF announced that its wholly owned subsidiary, DLF Home Developers and GIC, Singapore's sovereign wealth fund, have entered into a joint venture to invest in two upcoming projects located in Central Delhi. Both projects will be developed under DHDL. GIC will invest a sum of approximately Rs 1990 crore. The JV is expected to benefit from GIC's experience of investing in integrated developments across the globe

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First Published: Sep 02 2015 | 9:36 AM IST

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