 "Workers walk past a billboard of DLF at Gurgaon on the outskirts of New Delhi")
The country’s largest real estate developer DLF might have put its plan to launch the country’s first real estate investment trusts (REITs) on the back burner.
In an investor call on Monday — after getting a stamp of approval from the board of directors for the 33.34 per cent stake sale of DLF Cyber City Developers (DCCDL) to an affiliate of Singapore’s sovereign wealth fund GIC for a total of Rs 8,900 crore — the company said that with a cash-rich partner by its side, it would not need to head for the capital markets anytime soon.
DLF was
