DLF to launch three new projects in Gurgaon by March 2013
New Delhi : From the sale of two non core business assets – luxury hotel chain Amanresorts and wind energy business, India’s biggest realty firm, DLF is aiming to raise Rs 3,000 crore by end of this fiscal year.
By March 2013, the company will launch three-four projects in Gurgaon generating Rs 15,000 crore sales in the next three-four years.
Rajeev Talwar, DLF Group Executive Director reported that Amanresorts may take some time, whereas wind energy will conclude faster among the two divestment of its non-core assets of the company. He also added that Rs 2,500 crore and Rs 3,000 crore is expected from the duo deals.
The company has to put on block for the sale of three big-ticket non-core assets, that includes prime 17 acre land in Mumbai, Amanresorts and wind energy business. Recently it sold out the Mumbai plot to Lodha Developers for Rs 2,700 crore. The deal of Amanresorts got delayed due to the late decision by the company whether not to sell Aman Hotel at Lodhi road in the national capital or not. Aman Resorts has 25 properties across the world.
Talwar also said confidently that the debt of Rs 18,000 will be reduced by March 2013. The new projects will raise Rs 15,000 crore over the next three-four years for the company.
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