India’s DLF sold a piece of land to a Dubai-based Indian investor for $56.99 million, Financial Express reports. The real estate firm is also holding talks to sell more land in Gurgaon, which is expected to fetch around $81.4 million.
The sales are part of DLF’s efforts to lower its debt burden by a third this fiscal. The company’s debt stood at $4.37 billion as on June 30.
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