Largest real estate company, DLF is planning to raise up to Rs 3,000 crore by end of this fiscal from sale of its 2 non-core business assets luxury hotel chain Amanresorts and wind energy business. The company has decided to introduce three-four projects in Gurgaon by March 2013, which will generate about Rs 15,000 crore sales realizations over the next three-four years.
At present, the entity is engaged in active negotiations in both the deals and expects to close the transactions by end of this fiscal. DLF, the country's largest real estate developer, had put on block for sale of three big-ticket non-core assets, which included prime 17 acre land in Mumbai, Amanresorts and wind energy business. The company has recently sold the Mumbai plot to Lodha Developers for about Rs 2,700 crore.
