DLF did not disclose where the proceeds from the bond sale will be deployed.
"The company is desirous of offering listed redeemable secured non-convertible debentures aggregating up to ₹395 crore in one or more tranches... and in this regard, a meeting of the finance committee of the board of directors is scheduled to he held on March 3 to consider the said proposal," DLF said.
The company, which is the largest real estate developer in market capitalisation, is constructing many housing and commercial projects across the country.
DLF has a portflio of around 35 million sq ft of commercial properties. It earns a rental income of around ₹3,500 crore annually.