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..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
