The real estate market shows a steady increase in cash flows, which offers builders hope to pay off their debts. The sector is revised from 'negative' to 'stable.'
DLF plans to raise Rs. 2700 cr. by selling non-core assets to reduce debt by 33% this financial year.
DLF aims to raise Rs 300-500 crore by selling its stake in a joint venture with Akruti City for a commercial project in Andheri, part of a larger debt reduction strategy.