GIC injects over $422m into JV with Indian property developer
To develop 2 projects in Central Delhi.
Singapore’s sovereign wealth fund GIC will invest $422.4m (Rs 1,990 crore) into a joint venture with India-based DLF Home Developers, which will build and develop two integrated developments in Central Delhi.
Both projects will be developed under DHDL. The JV is expected to benefit from GIC’s experience of investing in integrated developments across the globe.