new delhi indias largest realty firm dlfs net debt rose by rs 628 crore during the fourth quarter ended march 31 to rs 20965 crore while its sales bookings fell by over 5 per cent for the entire fiscal dlf said it would take at least 12 months for housing sales to improve it expects sales to be low in the current fiscal 201516 as they have been during the last two financial years according to an analyst presentation dlfs net debt stood at rs 20965 crore as on march 31 2015 up by rs 628 crore from rs 20336 crore at the end of the octoberdecember quarter of the total debt dlf said about rs 14000 crore pertains to rental business and the rest towards development arm the company is exploring all opportunities to further optimise the debt profile which includes issuance of cmbss commercial mortgage backed securities or debentures it added earlier the company had announced plans to raise about rs 3600 crore through cmbs backed by its large it sezs dlf achieved gross sales bookings for 225 million sq ft worth rs 3850 crore in 201415 as against 374 million sq ft amounting to rs 4070 crore in the previous fiscal on outlook the company said it would take at least 12 months for the sales momentum to begin improving the key factor would be in general reduced interest rates and gdp growth and in specific demandsupply conditions in micro markets sales volume in most geographies shall continue at a diminished pace similar to fy14 and fy15 the company is in dialogue with few private equity players to raise funds in its some new housing projects on the real estate investment trust reits dlf said it intends to form 2 reit platforms to strategically monetise almost 30 million sq ft of office and retail assets target first filing within fiscal year 2016 most likely in q4fy16 subject to all approvals both strategic and financial investors have approached dlf in this regard the presentation said on wednesday dlf reported 22 per cent fall in consolidated net profit at rs 17162 crore in the fourth quarter of 201415 fiscal as against rs 21968 crore in the yearago period income from operations fell marginally to rs 195369 crore in the januarymarch quarter from rs 196945 crore in the yearago period net profit dipped during the fourth quarter of 201415 on account of fall in other income to rs 14747 crore from rs 55215 crore in the yearago period moreover tax expenses were at rs 7673 crore during januarymarch quarter against gains of rs 6784 crore in the yearago period dlfs net profit declined by 16 per cent to rs 54024 crore in 201415 from rs 64621 crore in the previous year income from operations dipped by 8 per cent to rs 764873 crore in last fiscal from rs 829804 crore in 201314 total revenue stood at rs 8168 crore in 201415 fiscal down by 17 per cent from rs 9790