DLF, Indias largest realty firm is looking forward to monetize properties worth about Rs. 15000 crore, to boost its cash flow and reduce debt. The company had a net debt of Rs. 20,336 at the end of the December quarter. The company is having a total of Rs. 14000 Rs. 15000 crore stock. Out of which Rs. 4000 crore is in finished projects and more than Rs. 10000 in unsold stocks in projects which are launched and under development. You can read a good article on this topic in a website:
propertyclubindia/ Properties worth 15000 crores being sold by DLF
The company has a debt of Rs 21 crore and is targeting to reduce Rs 18,000 crore by selling its two big non-core business projects – luxury chain, Amanresorts and wind energy.
Yes it is in officials rental space , DLF is expecting a increase of 20 5. 2014-15 fiscal year the rental value is expected to increase to Rs 2,500 crore. As already DLF have touched DLF has already touched Rs 1,500 crore as office rental income in 2011-12, and hence it has currently Grade A office leasing portfolios of 27 million sq ft.