DLF Says Improved Sales at Least a Year Away

MUMBAI: DLF Ltd, India's biggest listed property developer, posted a 22 per cent slide in quarterly net profit amid a market slump due to high interest rates and weaker economic growth, and said it may take at least 12 months for sales momentum to improve. DLF is also in talks with private equity firms about selling stakes in some projects, according to a presentation on its website. It is on target to achieve an annuity income of ...