DLF's rental arm DCCDL has appointed consultants, including banker, tax advisor and law firm, to prepare itself for the launch of its Real Estate Investment Trust (REIT) but the timing of the public issue will be decided by its shareholders. The timing of launch of REIT will depend on many factors including interest rate and cap rates.
DLF Cyber City Developers (DCCDL) is a joint venture between DLF and Singapore sovereign wealth firm GIC.
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.
