GIC Kicks in $300 Million in Indian RE JV
Posted on 09/02/2015
Singapore’s GIC Private Limited is kicking in US$ 300 million to invest in a real estate joint venture in India. The wealth fund has made active strides in real estate developments in core cities across the subcontinent. The joint venture is with New Delhi-based real estate developer DLF Home Developers Ltd, a wholly-owned subsidiary of DLF Ltd. The JV will allocate capital to two upcoming projects in Central Delhi.
DLF was founded in 1946 as Delhi Land and Finance Private Limited, with an earlier company called Raisina Cold Storage and Ice Company Private Limited.