DLF's net debt down 73 pc in FY23 to Rs 721 cr; net debt of DLF-GIC JV reduces to Rs 18,772 cr
India's leading real estate firm, DLF, has reduced its net debt by 73% to INR 721 crore ($96.4 million) in the fiscal year 2022-23. The joint venture firm DLF Cyber City Developers saw its net debt fall 1% to INR 18,772 crore. DLF has successfully cut its debt burden thanks to better sales amid strong housing demand, with the parent firm primarily focused on housing.