In the wake of the global slowdown Indian real estate giant DLF is reviewing its strategic relationship with group firm DLF Assets Limited. DLF’s Board of Directors have set a committee of independent directors who have further appointed a set of advisors and a recommendation is expected by quarter ended 30 June.

DLF sells constructed property to DAL, which leases the space out to earn rental incomes. Revenues from DAL dropped to Rs 322 crore during the quarter ended March 31, 2009, down by 82 per cent from Rs 1,845 crore it generated during the year ago period.

Hindustan Times