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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

645.00 2.10 (0.33%)
07-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 1210.00
Dilip Buildcon 449.55
Sobha 1341.35
Oberoi Realty 1777.00
Ahluwalia Contract(I 824.05
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