DLF-GIC

Realty major DLF's rental arm has started the process of structuring its rent-yielding commercial assets in REIT form but the timing to launch the public issue will be decided by the promoters

As per the presentation, the DCCDL's net profit dropped to Rs 1,317 crore last fiscal from Rs 1,400 crore in 2018-19

"We are developing 3.2 million sq ft office space in the first phase of this new project, located on national highway and adjacent to DLF Cyber City project," DLF said

At the end of 2018, DLF owed Rs 8,700 crore to DLF Cyber City Developers Ltd (DCCDL), which is a joint venture between DLF and Singapore sovereign wealth fund GIC

DLF had entered into a joint venture with GIC for two projects, which will be called 'Midtown', having total development potential of about 7 million sq ft

GIC announced plans to buy 33.34% in real estate major DLF's rental arm for $1.39 billion