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DLF’s JV to invest Rs 1,900 crore in Gurugram project

20 Mar 2019 Evaluate

DLF has entered into second joint venture (JV) with HINES. DLF Home Developers (DHDL), a wholly owned subsidiary of the company, and Green Horizon Trustee (an affiliate of HINES) have entered into a JV for developing a high-end commercial project in Gurugram.

DHDL will hold 67% stake in the joint venture, while 33% will be held by HINES. The total investment by the JV partners in this project is about Rs 1,900 crore in accordance with the independent valuation undertaken by a Category-1 Merchant Banker. HINES will initially own 33% equity share of the JV with an option to increase its stake up to 49%.

DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.

DLF Share Price

600.25 -1.55 (-0.26%)
20-Apr-2026 12:52 View Price Chart
Peers
Company Name CMP
Lodha Developers 864.25
Dilip Buildcon 457.25
DLF 600.25
Oberoi Realty 1705.00
Ahluwalia Contract(I 840.65
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