DLF to monetise some of its housing projects through PE

DLF to monetise some of its housing projects through PE

The company is looking at monetising select residential projects through private equity till the real estate market improves
DLF is planning to monetise some of its housing projects through private equity (PE) as property sales continue to remain subdued. In this regard, the company has identified few more projects in Gurgaon and other cities. The company is looking at monetising select residential projects through private equity till the real estate market improves.

Earlier in September, India’s largest realtor sold about 50 per cent stake each in two upcoming projects in the national capital to Singapore's sovereign wealth fund GIC for Rs 1,990 crore.

DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation.
source:ventura