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DLF enters into JV with Hines for commercial project in Gurugram, sells 33% stake for Rs 650 crore

Updated : March 19, 2019 11:46 PM IST

In October last year, DLF had signed a term sheet with Hines to develop a prime commercial project on 11.76 acre land parcel in Gurugram that it bought for nearly Rs 1,500 crore through e-auction conducted by the Haryana government in February 2018.
The realty major's subsidiary DLF Home Developers Ltd (DHDL) and Hines group firm Green Horizon Trustee have entered into a joint venture (JV) to develop a high-end commercial project in Gurugram, the company said in a statement.
DLF enters into JV with Hines for commercial project in Gurugram, sells 33% stake for Rs 650 crore
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