India: DLF’s commercial assets JV with GIC to operate as business trust or private REIT

Photo: Pradeep Gaur/Mint

DLF Ltd’s commercial assets platform, in a joint venture with Singapore’s GIC Pte Ltd, has been designed to take the form of a business trust, a kind of a private real estate investment trust (Reit), India’s largest real estate developer said in an analyst presentation on Tuesday night.

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