DLF Ltd, India’s largest real estate developer by market value, said an affiliated firm DLF Assets Ltd received $450 million (Rs1,831.5 crore) worth of funding from a London-based investment firm, Symphony Capital, so it could partly pay up the money it owed DLF, as a proposed overseas listing to raise money seems to have been delayed. While DLF Assets has paid up the bulk of the money it owes DLF for the year gone by, it still owes Rs1,900 crore, said Saurabh Chawla, senior vice-president for finance at DLF. A large portion of DLF’s properties, all commercial, were sold to DLF Assets last year, just before DLF went public. DLF Assets needs to urgently get a proposed listing underway as a real estate investment trust (Reit) in Singapore, to pay DLF. However, the listing has been delayed after a global market slowdown turned new share offers less attractive and investors started fleeing real estate companies because the crisis was linked to falling home values and irrecoverable home loans in the US, the largest economy.   more »