In a bid to boost its cash flow and reduce debt, DLF is planning to monetise properties worth about Rs 15,000 crore. The realty firm had a net debt of Rs 20,336 crore at the end of the December quarter. Meanwhile, the company has achieved sales bookings of about Rs 2,700 crore till February 15 of the current fiscal.
Moreover, the company has a total of Rs 14,000-15,000 crore stocks. Out of this, Rs 4,000 crore is in finished projects and more than Rs 10,000 crore is unsold stocks in projects which are launched and are under development. These stocks would get monetised as and when the demand picks up, resulting in improvement in cash-flow as well as reduction of debt.
DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation.
