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Real Estate major DLF expecting 3 big auctions in 2012

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As per the sources available to www.propertykhazana.com, developers have to understand about Rs. 3,000 Crores to remain in debt lessening goal for present financial year. DLF Ltd. the India’s biggest developer by market profit; is banking on at least two or three expensive auctions in early 2012 to remain in its debt lessening goal for the present fiscal year. Developers have to understand Rs. 3,000 Crores to Rs. 3,500 Crores is from non-core profit auctions to reach its 2011-12 targets.
But still the company is far away from the deprived figure which was set by them, the Executive Director Rajeev Talwar was sure about making it on time, he said that, “The developer was estimated with a couple of expensive auctions before the present fiscal years closes. Moreover, the much conversed Aman Resorts contract, DLF is gazing at the transaction to relieve of the bet in its Pune IT Special Economic Zone (SEZ) for a moment before next year.” One more contract to sell bet in the Noida IT SEZ is also in the expecting and as per the analysts these three contracts will bring DLF Rs. 3,300 Cores said the ED.
Source: NIMMA BENGALURU

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