DLF to pare its debt by Rs 2,000 crore by March-end

03 Jan 2014 Evaluate

DLF, the country’s largest real estate company will pare its debt by Rs 2,000 crore to Rs 17,500 crore by March-end. This paring of debt will be hopefully aided by the Aman Resorts’ sale that has been on the blocks for over two years now. The company is likely to launch two new projects in the new Gurgaon area in 2014.

DLF, founded by billionaire Kushal Pal Singh, has a land bank of 10,255 acres, the biggest in the real estate sector. At its peak, its debt pile stood at Rs 23,000 crore.

DLF Share Price

405.90 1.20 (0.30%)
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Peers
Company Name CMP
Dilip Buildcon 233.00
NBCC (India) 41.55
JMC Projects (India) 129.15
Prestige EstatesProj 479.85
DLF 405.90
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