DLF-GIC to develop residential space in Central Delhi

DLF in a joint venture with Singapore's sovereign wealth fund GIC, will develop 8 mn sq ft of high-end residential towers at Central Delhi’s Moti Nagar, 

with a revenue expectation of Rs120-150 bn. The DLF-GIC JV operates over 32 mn sq ft of office space. This is the first time it will develop a residential complex. Reportedly the JV has a planned pipeline of 35 mn sq ft spread across the value, premium and luxury segments. It aims to launch approximately 12 mn sq ft of new products within the next 18 months, DLF City floors and plots in the current quarter, and 1 Midtown in Central Delhi in Quarter 4.

Contact: DLF.

Tel: 0124-439 6000.

E-mail: office-business@dlf.in

Website: www.dlf.in