DLF is targeting Rs 3000-3500 crore of pre-sales booking for the fiscal year, said Saurabh Chawla, Senior ED Finance at the company.
In an interview with CNBC-TV18, Saurabh Chawla, Senior ED of Finance at DLF said that the rationale behind this JV is to increase focus on premium and luxury projects and Ridgewood will take 100 percent control in certain projects post re-alignement.
Speaking to CNBC-TV18, Saurabh Chawla, Senior ED Finance at DLF said this is a year- old transaction which DLF sees as a step forward to create a pure play real estate entity.
Saurabh Chawla, Senior ED Finance, DLF says that with a one-shot investment, GIC will invest Rs 1,990 crore in the two projects, adding that the projects are in early stages of planning and development.
DLF is in talks with various financial investors for raising funds in some of its housing projects and also for participation in its REITs platform for commercial properties.