DLF to raise Rs 1,000 crore; hints at rise in housing prices

The country’s biggest realty player DLF today said it planned to raise Rs 1,000 crore through unsecured loans by the end of this month, while hinting that prices in the housing segment could witness an increase.

“We have mandated Axis Bank to raise Rs 1,000 crore through non-convertible debentures (NCDs),” DLF Executive Director (Finance) Saurabh Chawla told reporters on the sidelines of a CII event here.

NCDs are unsecured loans to a company, with no provisions to exchange debt for corporate stock.