DLF is building itself well at the Market today. Know how

Shares of DLF Ltd, India's top real estate firm, rose 2.6 percent on media reports the company is looking to raise up to 3,000 crore rupees via private equity funding by selling a large minority stake in one of its forthcoming projects in Delhi.

DLF is in talks with GIC, the investment arm of the Singaporean government, to offload up to 49 percent stake in its proposed project in Moti Nagar, New Delhi. The 20-25 acre site will have up to 3,000 apartments, the report added.

DLF rose 2.95 rupees to 117.50 rupees on the National Stock Exchange. It was also among the top gainers in the F&O segment with Open Interest rising 6.7 percent and Futures gaining 2.9 percent. A long build up of positions was seen on DLF's Futures.

Pre-sales of flats and real estate projects have slowed in India as the sector suffers a slowdown. DLF is raising funds via private equity which would have otherwise come from pre-launch sale of flats, the report said.

DLF's market capitalisation eroded 43 percent to 20,400 crore rupees over the past one year as real estate stocks fell out of favour with investors.

(Image credit: Indiatimes)