new delhi realty giant dlf plans to raise rs 2700 crore this fiscal year through sale of noncore assets to reduce its debt of over rs 16421 crore by about onethird the 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 accruals dlf had decided to raise rs 5500 crore last fiscal via sale of noncore assets but was able to raise only rs 1800 crore we are not only confident of managing our liabilities during the fiscal we will also reduce our debt very comfortably dlf executive director finance saurabh chawla said the debt will come down by about rs 5000 crore from the current level dlf executive director finance saurabh chawla said half of the planned repayment will come from noncore asset sales while the rest will be funded through revenues from operations he added dlf has to repay rs 25002700 crore in debt this fiscal and an additional rs 1800 crore as interest divestment 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 said dlf repaid about rs 5600 crore of debt in the last fiscal against a mandatory debt repayment of rs 3549 crore mr chawala said the current debt equity ratio stands at 0531 which will increase to about 0751 in this quarter but come down during the fiscal dlfs net profit declined by 61 to rs 1730 crore in 200910 against rs 4469 crorethe total revenue during fiscal 200910 fell by 25 to rs 7855 crore from rs 10431 crore in fiscal 200809 in the last fiscal the company had sold 1255 million sq ft area across different locations