DLF Home Developers Ltd, a wholly-owned subsidiary of DLF Ltd, and Singapore's GIC have entered into a joint venture to invest in two upcoming projects located in Central Delhi, the company said on Wednesday.
Both projects will be developed under DHDL, the statement said, adding that GIC will invest approximately Rs 1,990 crore.
The investment is subject to meeting all statutory requirements and conditions precedent which are customary, prior to the closing.
GIC is a leading global investment firm with over $100 billion in assets under management.
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