| To develop 40,000 acres in Gurgaon, Maharashtra. |
| DLF Ltd is forging a 50:50 joint venture with Nakheel, a large property developer of the UAE, for two integrated townships in India at a whopping investment of $10 billion. |
| Set up under the auspices of the Dubai government, Nakheel functions as a private commercial enterprise and is currently developing 17 major projects worth more than $30 billion, and also has projects like The Palms, Dubai Waterfront and The World to its credit. This will be its maiden foray into India. |
| Interestingly, Nakheel’s main competitor in residential development in Dubai is Emaar Properties. Emaar operates in India as a 50:50 joint venture partner in Emaar-MGF. This joint venture competes with DLF at Gurgaon, the latter’s main market in India. |
| Even as DLF awaits the green signal from the Securities & Exchange Board of India for its Rs 13,600 crore initial public offering, it has announced a slew of joint ventures in the last one year. Read more at Business Standard |
