DLF Ltd has formed a second joint venture with global investment and development firm Hines to develop a commercial project in Udyog Vihar, Gurugram, at an investment of ₹1,900 crore ($281 million)..AZB & Partners acted for DLF and the team was led by Partner Vinati Kastia along with Senior Associate Ankit Tandon..Shardul Amarchand Mangaldas acted for Hines and the team was led by Partner Jatin Aneja..The project will be developed on 11.76 acres of land owned by the JV..DLF Home Developers Ltd and Green Horizon Trustee (an affiliate of Hines) have entered into the joint venture, in which the former will hold 67% stake while the remaining 33% will be held by Hines, reported Mint.
DLF Ltd has formed a second joint venture with global investment and development firm Hines to develop a commercial project in Udyog Vihar, Gurugram, at an investment of ₹1,900 crore ($281 million)..AZB & Partners acted for DLF and the team was led by Partner Vinati Kastia along with Senior Associate Ankit Tandon..Shardul Amarchand Mangaldas acted for Hines and the team was led by Partner Jatin Aneja..The project will be developed on 11.76 acres of land owned by the JV..DLF Home Developers Ltd and Green Horizon Trustee (an affiliate of Hines) have entered into the joint venture, in which the former will hold 67% stake while the remaining 33% will be held by Hines, reported Mint.