DLF sinking deeper into debt underlines dismal state of real estate sector
DLF's rental assets are, however, doing well, alleviating the overall pain. Both rental rates and period of lease are improving and the customer profile is becoming more diversified
Premium realty developer DLF Ltd’s woes are far from over as the dull residential property market continues to weigh on its performance. Even after selling some key assets a couple of years back to trim its borrowings, DLF’s consolidated net debt has surged from Rs22,202 crore in FY16 to Rs25,096 crore in FY17.