The price range and size are yet to be determined, according to the term sheet, which also did not specify the timeframe.
DLF picked Bank of America-Merrill Lynch, Deutsche Bank, JPMorgan and Standard Chartered, along with CLSA, HSBC, Kotak, and UBS to handle the sale, according to the term sheet.
Image: Employees from the electricity board work on overhead cables installed in front of the residential apartments constructed by Indian property developer DLF at Gurgaon, on the outskirts of New Delhi. | Photograph: Parivartan Sharma/Files