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.
DLF will invest around Rs.1.30 bn over the next 18 months to develop a data centre in Noida as it aims to exploit the rising demand for data storage capacity. The data centre will have 0.37 mn sq ft of space with suitable infrastructure, including high power capacity.
In order to diversify its portfolio, DLF is reportedly planning to foray into the mid-income housing segment. The company will develop 10 mn sq ft of mid-income housing as the realty major targets segments.
The second JV between Hines, the international real estate firm and DLF, the largest publicly listed real estate company in India, has secured a construction loan of Rs.26 bn from HDFC. Spread across 11.76 acre commercial land parcel purchased through an auction process conducted by HSIIDC, the pro..