DLF is reportedly planning to raise Rs 2,500-3,000 crore by next month through private equity and is in talks with Singapore government's investment arm GIC to sell stake in a new housing project in New Delhi. It is in advanced stage of talks with sovereign wealth fund GIC to sell up to 49 percent stake in the new residential project in the National Capital.
The company is planning to launch a new residential project spread over 20-25 acres near Moti Nagar. The regulatory approvals are in place to launch this project, comprising about 3,000 apartments.
DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation.
