DLF intends to invest about ₹3,750 crore for a majority stake in the joint venture.
The JV plans to acquire at least 20 per cent, along with certain governance-related rights. Its total economic interest, including contractual and other interests, will be about 40 per cent, with the IREO Funds holding the rest.
Closing is expected during 2027, subject to due diligence, approvals and definitive agreements.
The companies have not said. They only mention an opportunity to develop projects in Delhi, Gurugram and other regions.
