DLF in plans to go with GIC for REIT

08 Apr 2019 CW Staff

DLF, the real estate major, is reportedly pulling out all the stops to become a debt-free company as it is in plans to team up with GIC to float a part REIT in future. However, the REIT listing may have to wait.

In the near future, GIC and DLF may have reportedly decided to do a part REIT. However, the company confirmed that the REIT listing may not happen in the coming two-three years.

Reports suggest that, DLF does not see it as an overhang anymore, thus terming the debt issue as a yesterday’s story. The debt load post qualified institutional placement (QIP) and promoter infusion is seen at close to Rs 20 billion.

That said, the company will be reportedly going ahead with the next round of construction project. Also, it is aggressively expanding on the commercial leasing front. The next phase of Central Delhi project is also expected to start soon.

The QIP proceeds and further infusion of Rs 25 billion from promoters against the issue of warrants would help the firm significantly reduce debt that stood at around Rs 72 billion as on December 31, 2018. 40 per cent stake in rental arm DLF Cyber City Develppers had been sold by promoters KP Singh and his family for Rs 119 billion in August 2017. This deal included sale of 33.34 per cent stake in DCCDL to Singapore's sovereign wealth fund GIC for Rs 89 billion and buyback of the remaining shares worth Rs 30 billion by DCCDL.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..