Market rumors indicate that DLF Assets may soon float a Real Estate Investment Trust in Singapore packaging its IT and SEZ space to raise upto USD 2 billion. Indian market news leader CNBC-TV18 indicates that the REIT may be launched in June, and that DLF Assets had delayed earlier plans to list the same due to Volatile Asian Markets.
It was celebrated as the biggest land deal in India and was worth The Rs 5,000-crore land deal, when a small time realestate developer BPTP outbid its competition including DLF and Omaxe to win the 5006 crore land deal in Noida.
