DLF has reportedly decided to sell a majority stake of DLF Capital Green 6, a residential project in New Delhi to Singapore’s wealth fund GIC for Rs 2,000 crore. DLF, struggling with high debt, is liquidating some of its upcoming assets to lessen the debt burden.
DLF Capital Green 6 is a 25-acre project with 2,800 apartments in Moti Nagar area of west Delhi which is to be launched in the next few months. The land for the residential complex was bought from DCM Shriram Consolidated and the Lohia Group in 2007.