Realty major DLF is reportedly planning to sell a majority stake in a residential project in New Delhi to Singapore government's sovereign fund GIC. The transaction could be valued between Rs 1,500 crore and Rs 2,000 crore. The 25-acre project in the Moti Nagar area of west Delhi, to be called DLF Capital Greens 6, has received all approvals and is likely to be launched in the next few months. The two parties are also in talks to draw up similar deals for some of DLF's upcoming projects in Chennai and Mohali.
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. The company has 314 million square Feet (msf) of planned projects with 52 msf of projects under construction.
| Company Name | CMP |
|---|---|
| Lodha Developers | 840.95 |
| Dilip Buildcon | 455.70 |
| DLF | 587.25 |
| Oberoi Realty | 1688.15 |
| Ahluwalia Contract(I | 886.85 |
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