DLF has settled Rs 3,100 crore amount payable to its joint venture (JV) with Singapore investment firm GIC by transferring Noida shopping mall and some land parcels. At the end of 2018, the company owed Rs 8,700 crore to DLF Cyber City Developers (DCCDL), which is a joint venture between DLF and Singapore sovereign wealth fund GIC. DCCDL payable reduced from Rs 8,700 crore to Rs 5,600 crore by July 1, 2019.
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.
