Realty major DLF has entered into a joint venture with Singapore’s GIC to invest in two upcoming projects in central Delhi. GIC will invest a sum of around Rs. 1,990 crore in the JV, reports ET..Luthra & Luthra acted for DLF with a team led by Partners Mohit Saraf, Sundeep Dudeja, and Damini Bhalla..AZB & Partners acted for GIC and the team was led by Mumbai Partner Sai Krishna Bharathan..GIC has been a very active investor in real estate in India in recent times. In 2014, realty firm Brigade Enterprises and GIC entered into a joint venture to invest in and acquire land for residential and mixed-use developments—including shopping malls and office in southern India, report Mint.
Realty major DLF has entered into a joint venture with Singapore’s GIC to invest in two upcoming projects in central Delhi. GIC will invest a sum of around Rs. 1,990 crore in the JV, reports ET..Luthra & Luthra acted for DLF with a team led by Partners Mohit Saraf, Sundeep Dudeja, and Damini Bhalla..AZB & Partners acted for GIC and the team was led by Mumbai Partner Sai Krishna Bharathan..GIC has been a very active investor in real estate in India in recent times. In 2014, realty firm Brigade Enterprises and GIC entered into a joint venture to invest in and acquire land for residential and mixed-use developments—including shopping malls and office in southern India, report Mint.
