DHDL will hold 67% stake in the joint venture, while 33% will be held by HINES. The total investment by the JV partners in this project is about Rs 1,900 crore in accordance with the independent valuation undertaken by a Category-1 Merchant Banker. HINES will initially own 33% equity share of the JV with an option to increase its stake up to 49%.
DLF is one of India’s biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.