DLF Ltd, India’s top listed real estate firm, hopes to raise Rs20-25 billion ($408-510 million) from private equity (PE) investment in its property trust in the March quarter, its vice chairman Rajiv Singh said on Monday.
Rajiv Singh said property prices could fall by up to 15% in the next three months.
New Delhi-based DLF on Saturday reported a 69% fall in quarterly profit to Rs6.71 billion ($137 million), while its revenue fell by 59%.(Livemint)