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Sale of non-core assets

Real estate majors sell off non-core assets to reduce debt burden

Real estate majors sell off non-core assets to reduce debt burden
There is a trend with the realtors which is visible for the last couple of years. Real Estate sharks like DLF and HDIL are trying to sell off their assets and pay off their debts, increase liquidity and pay less interest on debts. Bangalore-based Puravankara Projects also wants to reduce the debt burden, but by [...] Continue Reading »

Morgan Stanley in the race to buy DLF’s wind power

Morgan Stanley in the race to buy DLF’s wind power
As per records, Morgan Stanley, the US-based investment bank, is in the process to buy real estate firm DLF’s wind power business. It shows the bank’s heightened private equity interest in renewable assets. Morgan Stanley is keen on buying DLF’s business to consolidate wind power assets in India. DLF’s wind power business was put on [...] Continue Reading »

Real estate player to sell land parcel to Lodha Group and PE firm

Real estate player to sell land parcel to Lodha Group and PE firm
DLF, the country’s largest developer, is all set to sell its 17.5-acre land in Mumbai’s Lower Parel to Lodha Group and a private equity (PE) player for about Rs 2,800 crore. The company is in the process of selling several non-core assets including land parcels, SEZs and some office buildings, to reduce its debt. DLF [...] Continue Reading »

DLF hoping to mop up 7000 crore in the next two years

DLF hoping to mop up 7000 crore in the next two years
The divestment may gain momentum in the current fiscal with higher indicative realisations for ongoing proposals and expected conclusion on some big-ticket items. DLF plans to sell developed properties to reduce its burgeoning gross debt of 23,990 crore. DLF to sell developed properties to raise 10,000 crore in the next 2-3 years. Last week, the [...] Continue Reading »



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