DLF Ltd, the country's largest real estate firm, today said it has no unsold inventories despite slowdown in the property market as the company mostly sells flats before the start of construction of projects.
According to DLF's Rajeev Talwar, the company is likely to sell over 15,000-17,000 flats in the next three years. He believes the government needs to promote housing and construction just like they did for automobile sector.
The cost of land would shoot up to that extent it would add to the project cost both for the industry and for the developers, says Ajit Mittal, ED of Indiabulls Group.
Rajeev Talwar, group executive director, DLF says that the company continues to be focused on monetizing its non-core assets in order to pare its debt.
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Realty major DLF said it is likely to bring a follow-on public offer (FPO) before June to dilute promoters' stake to 75 per cent as per market regulator Sebi's guidelines.