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.
| Company Name | CMP |
|---|---|
| Lodha Developers | 864.25 |
| Dilip Buildcon | 457.25 |
| DLF | 600.25 |
| Oberoi Realty | 1705.00 |
| Ahluwalia Contract(I | 840.65 |
| View more.. | |
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