<div><span style="line-height: 1.4;">GIC Pte Ltd, Singapore's sovereign wealth fund, formed a joint venture with property developer Vatika Group for two residential projects near New Delhi, the two firms said in a statement on Monday.</span></div><div> </div><div>The projects in Gurgaon, to be developed by Vatika Group, are expected to be completed by financial year 2018-19 and are forecast to generate revenue in excess of 20 billion rupees ($319 million), they said.</div><div> </div><div>Other details of the joint venture were not disclosed.</div><div> </div><div>GIC has been on a property-buying spree. Its recent investments include an office building in Rio de Janeiro, an office tower in Tokyo, shopping centre in Rome and logistic properties in the United States.</div><div> </div><div>(Reuters)</div>
