DLF Acquires Full Stake in DLF Urban from GIC for Rs 4.97 Billion
Real Estate

DLF Acquires Full Stake in DLF Urban from GIC for Rs 4.97 Billion

Real estate major DLF has acquired a 49.99% stake in DLF Urban Private Limited from Singapore-based Reco Greens for Rs 4.97 billion, making DLF Urban a wholly-owned subsidiary. 

Reco Greens, an affiliate of Singapore's sovereign wealth fund GIC, previously held the stake in DLF Urban, which has developed the One Midtown luxury residential project in Delhi. 

According to a regulatory filing, DLF's subsidiary DLF Home Developers acquired Reco Greens’ entire stake in DLF Urban through a securities purchase agreement executed on March 25. With this transaction, DLF Home Developers’ stake in DLF Urban has risen from 50.003% to 100%, consolidating DLF’s control over the entity. 

DLF, one of India’s largest real estate developers, recently announced Rs 400 billion investment plans to complete ongoing housing projects and expand its commercial portfolio. 

(Business Standard)       

Real estate major DLF has acquired a 49.99% stake in DLF Urban Private Limited from Singapore-based Reco Greens for Rs 4.97 billion, making DLF Urban a wholly-owned subsidiary. Reco Greens, an affiliate of Singapore's sovereign wealth fund GIC, previously held the stake in DLF Urban, which has developed the One Midtown luxury residential project in Delhi. According to a regulatory filing, DLF's subsidiary DLF Home Developers acquired Reco Greens’ entire stake in DLF Urban through a securities purchase agreement executed on March 25. With this transaction, DLF Home Developers’ stake in DLF Urban has risen from 50.003% to 100%, consolidating DLF’s control over the entity. DLF, one of India’s largest real estate developers, recently announced Rs 400 billion investment plans to complete ongoing housing projects and expand its commercial portfolio. (Business Standard)       

Next Story
Technology

Atlas Copco Unveils Innovation Centre in Pune for Smart Manufacturing

Atlas Copco Tools has inaugurated its first Smart Factory Innovation Centre in India, a cutting-edge facility in Pune designed to showcase advanced technologies powering Smart Integrated Assembly ecosystems. The centre will serve as a hub for businesses across automotive, aerospace, electronics, heavy machinery, and manufacturing sectors to explore automation and smart manufacturing solutions for zero-defect production.The Innovation Centre offers hands-on demonstrations of the latest torquing and dispensing technologies, highlighting software-driven solutions that optimize efficiency, enhance..

Next Story
Resources

Elite Elevators Unveils India’s First Fully Customizable Home Elevator

Elite Elevators, a leader in the premium home lift segment, has launched Elite Elevators Bespoke—India’s first fully customizable luxury home elevator. The launch event, held at the company’s Chennai headquarters, showcased how the new offering redefines residential mobility by integrating state-of-the-art technology with personalized design.Speaking on the launch, Vimal Babu, Founder and CEO, Elite Elevators, said, “At Elite Elevators, our mission has always been to revolutionize home mobility with world-class innovations. Through its enhanced customizable features, our Bespoke elevat..

Next Story
Real Estate

Under-Construction Homes Now Costlier Than Ready-to-Move Properties

Under-construction (UC) homes are now more expensive than ready-to-move (RTM) properties across major Indian metros, according to the latest insights from Magicbricks.In Delhi, UC homes are priced at Rs 25,921 per sq. ft., surpassing RTM properties at Rs 18,698 per sq. ft. Similarly, in Gurugram, UC homes cost Rs 17,185 per sq. ft., compared to Rs 14,617 per sq. ft. for RTM properties.Mumbai, India’s costliest real estate market, has also seen a sharp rise, with UC home prices soaring 33.4 per cent Y-o-Y in Q1 2025 to Rs 32,371 per sq. ft., while RTM properties stand at Rs 28,935 per sq. ft...

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?