new delhi realty giant dlf plans to raise rs 2700 crore this fiscal through sale of noncore assets to reduce its debt of over rs 16421 crore by about onethirdthe countrys largest realty firm plans to cut its debt by rs 5000 crore of which it plans to raise rs 2700 crore from sale of noncore assets and the rest from internal accrualsdlf had decided to raise rs 5500 crore last fiscal through sale of noncore assets but was able to raise only rs 1800 crore it has decided to retain its wind energy business valued at rs 1000 crore because of tax benefitswe are not only confident of managing our liabilities during the current fiscal but we will also reduce our debt very comfortably the debt will come down by about rs 5000 crore from the current level dlf executive director finance saurabh chawla had told analysts yesterday in a conference callhalf of the planned repayment will come from noncore asset sales while the rest will be funded through revenues from operations he addeddlf has to repay rs 25002700 crore in debt this fiscal and an additional rs 1800 crore as interestdivestment of noncore assets as a strategy is to focus more on the core business operations and not merely as a means to reduce debt however allcash flows from this process will be utilised to bring down debt the presentation made to analysts saiddlf repaid about rs 5600 crore of debt in the last fiscal against a mandatory debt repayment of rs 3549 crorechawala said the current debt equity ratio stands at 0531 which will increase to about 0751 in this quarter but come down during the fiscaldlf had last week reported that its net profit declined by 61 per cent for 200910 at rs 1730 crore against rs 4469 crorethe total revenue during fiscal 200910 fell by 25 per cent to rs 7855 crore from rs 10431 crore in fiscal 200809in the last fiscal the company had sold 1255 million sq ft area across different locations