"We have started construction work of Mall of India in Gurugram. The total size of this mall is 26-27 lakh square feet," DLF s Vice Chairman and MD (Rental Business) Sriram Khattar told PTI on the sidelines of a CII conference on the real estate sector.
DLFs newly appointed chief executive, Ashok Tyagi, said the rental portfolio would be ready to be listed as a real estate investment trust (REIT) in the next four quarters, and that the decision on the REITs listing would be made by DLF and its partner in DCCDL, Singapore sovereign fund GIC, based on the market situation.
DLF s rental arm acquires 51.8 pc stake in Fairleaf for Rs 780 cr ANI | Updated: Feb 19, 2021 10:50 IST
New Delhi [India], February 19 (ANI): Real estate major DLF Group s rental arm DLF Cyber City Developers Ltd (DCCDL) has acquired 51.8 per cent stake in Fairleaf Real Estate Pvt Ltd for Rs 780 crore.
In December last year, DCCDL had entered into a securities purchase agreement with funds managed by Hines, a global real estate investment, development and management firm, to acquire stake in Fairleaf.
Hines owned and operated One Horizon Centre in Gurugram, an iconic asset forming part of the larger mixed use development located in one of the most sought-after location at DLF 5 in Gurugram with a leasable area of 8.13 lakh square feet, offering high-end grade-A office spaces along with complimentary retail space.
DCCDL had entered into a securities purchase agreement with funds managed by Hines, a global real estate investment, development and management firm, to acquire stake in Fairleaf