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DLF to sell 49% stake in upcoming commercial project at Gurugram to Hines for about Rs 900 crore

Updated : November 05, 2018 07:37 AM IST

DLF has already 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.
The company on Thursday said it has signed a non-binding term sheet with a fund managed by Hines for a 51:49 partnership to develop a high-end commercial project on NH8 at Gurugram.
DLF to sell 49% stake in upcoming commercial project at Gurugram to Hines for about Rs 900 crore
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