DLF to launch affordable homes cut debt by half
The country’s largest realty firm, DLF, today said it plans to launch affordable homes with a new brand and cut its debt by half to Rs 6,200 crore by the end of this fiscal.
Launch of new ‘value’ housing segment with a distinct brand is under planning, according to an analyst presentation posted on the DLF website.
At present, DLF builds apartments under two segments– luxury and premium (mid-income).
In a conference call with investors and analysts, DLF Vice Chairman Rajiv Singh said the company plans to launch 3-4 million sq ft in 2010 under ‘value’ housing and expects a margin of 25-30 per cent from this segment.
He said the company is still working on the details.
Source : ptinews.com