Singaporean sovereign wealth fund GIC is in exclusive talks to buy a 40 per cent stake in a commercial rental unit of India’s biggest listed property developer by sales, in what would be the latest big foreign bet on the country’s real estate market. DLF, a 71-year-old company focused on developments in northern India, said… Read More »
Promoters of realty giant DLF K P Singh and his family have decided to sell their entire 40% equity in their flagship company in commercial space DLF Cyber City Developers (DCCDL) to Singapore-headquartered private equity firm GIC, formerly known as Government of Singapore Investment Corporation. The statement issued by the company did not divulge the… Read More »
India’s largest realty firm DLF Ltd will invest about Rs 3,500 crore this year to complete construction of almost all of its existing housing projects, a senior company official said. DLF has 18.5 million square feet area under construction in various housing projects, and it is targeting to complete about 15-16 million sq ft by… Read More »
The promoters of DLF are in advanced discussions with shortlisted investors to sell their 40% stake in the realty developer’s rental arm, DLF Cyber City Developers (DCCDL), its management said. The final bids will be presented to a committee of independent directors for the evaluation and making the final decision, they told analysts on an… Read More »
Realty major DLF saw nearly 50% cancellations of gross sales in the first nine months of FY17, sparking concerns among investors. At an investor presentation, DLF said, out of Rs 1,550 crore gross sales booked in the first nine months of the current fiscal, it saw cancellationupgradation of Rs 790 crore, effectively reducing bookings to… Read More »
GIC of Singapore is set to enter into exclusive bilateral negotiations with KP Singh and his family, the promoters of India’s largest real estate firm DLF Limited, to acquire their 40% stake in DLF Cyber City Developers Limited (DCCDL), the company that owns a portfolio of leased commercial assets, including the entire Cyber City complex… Read More »
At an expected Rs 11,000-12,000 crore it is pipped to be India’s largest real estate deal, but ET Now learns that the promoters of DLF are dissatisfied by the bids received from Blackstone and GIC for a 40% stake in DLF’s rental business arm. Sources say the prospective buyers Blackstone and GIC are modifying their… Read More »
Promoters of DLF, India’s largest realty developer, are actively considering a split of the proposed 40% stake sale in the company’s rental commercial property arm between two contenders — US private equity major Blackstone Group and Singapore’s sovereign wealth fund GIC — said three persons familiar with the development. Under this structure, Blackstone and GIC… Read More »
The race to buy 40 per cent stake in DLF’s rental arm, DLF Cyber City Developers (DCCDL), could turn out be a close fight between Blackstone and GIC – two of the biggest investors in the Indian real estate market. According to sources in the know, the difference in bid amount of Blackstone and GIC is just… Read More »
Realty major DLF will invest about Rs 500 crore to develop an IT Park in Chennai as the commercial real estate market has picked up in major cities. The country’s largest realty firm has exhausted its commercial space stock by leasing out over 32 million sq ft. It expects to earn about Rs 2,700 crore rental… Read More »