DLF Secures Full Ownership of DLF Urban Pvt Ltd Through Strategic Acquisition

DLF, India's largest real estate developer, has acquired a 49.997% stake in DLF Urban Pvt Ltd from Singapore's GIC for Rs 497 crore, granting it full ownership. This acquisition allows DLF to take control of the 'One Midtown' project, as it plans further residential ventures with GIC.

DLF, the leading Indian real estate company, has completed a significant acquisition by purchasing nearly 50% of its subsidiary, DLF Urban Pvt Ltd, from Singapore's sovereign wealth fund-backed GIC for Rs 497 crore.

This strategic move, reported in a regulatory filing, gives DLF full control over DLF Urban Pvt Ltd, known for its 'One Midtown' luxury housing project in Delhi. The acquisition was finalized following the execution of a Securities Purchase Agreement on March 25, 2025.

Beyond the completion of 'One Midtown', the agreement sets the stage for DLF and GIC to jointly pursue future residential projects in the Moti Nagar area of Delhi through a separate enterprise, showcasing a continued partnership in real estate ventures.

(With inputs from agencies.)