NRI Real Estate and Property Investment in India
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DLF May attract top Dollar Investments from Global Financial Majors
Thursday, March 13, 2008

Citigroup, Merrill Lynch and DE Shaw may pump-in Rs 20 billion (USD 500 million) in the DLF Assets`(DAL) real estate investment trust (REIT), part of the DLF group. The deal is likely to be wrapped up by early next week.

DAL is engaged in buying and managing office space. Currently, DAL is owned by DLF promoters; however the largest real estate developer in the country holds no equity stake in this firm. As per the plan, DLF will also invest USD 750 million or Rs 30 billion in the REIT. The company had earlier planned to list the REIT, but now it has opted to go for a private


 

 

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