Debt-ridden realty player DLF said today it will sell more land and wind power business this fiscal to raise Rs 1,900 crore and lowered the sales figure for flats.
With a total debt of over Rs 14,000 crore to start the year 2009-10, DLF had been doing everything conceivable, including sale of promoters' equity in the company as also different projects.
Within twenty days of claiming that it had sold 4,000 flats during three months ending June, DLF's Group Executive Director Rajiv Talwar told reporters the actual sales figure was just 2,500. "I must have given wrong figures at that time," he said when reminded about the figures given by him on June 26.
Times of India