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DLF plans to launch projects in Gurgaon: reports

India Infoline News Service | Mumbai | December 06, 2012 10:32 IST

DLF reported that an amount of Rs 2bn has been received by the joint venture partners including DHDL

DLF Ltd is planning to launch projects on 8.5 million sq ft in Gurgaon by March. according to reports.

Galaxy Mercantile (GML) is a joint venture company of DLF Home Developers (DHDL), a wholly owned subsidiary of DLF, has received the first tranche of infusion of capital from IDFC as part of a process for IDFC to acquire 100% stake in the joint venture company, according to reports.

DLF reported that an amount of Rs 2bn has been received by the joint venture partners including DHDL, with the balance to be received from IDFC linked to leasing milestones.

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