DLF, a leading real estate developer, witnessed a rise in share price on Wednesday after DLF Home Developers (DHDL), a wholly-owned subsidiary of DLF and GIC, Singapore's sovereign wealth fund, have entered into a joint venture to invest in two upcoming projects located in Central Delhi.

Both projects will be developed under DHDL. GIC will invest a sum of approximately Rs 19.90 billion. The JV is expected to benefit from GIC's experience of investing in integrated developments across the globe.

Shares of D L F are trading at Rs 107.90, up Rs 1.9, or 1.79% at the Bombay Stock Exchange (BSE) on Wednesday at 11:31 a.m.

Total volume of shares traded on the bourses today was lower by 43.28% to 6,410,429 compared with 22-day average volume of 11,301,921.