<p>Mumbai: India's DLF Ltd is mulling its first sale of bonds in three years amid a revival in the country's real estate market, three merchant bankers said on Thursday.</p><p>"The company is engaging with investors and bankers for a bond issue but it has not firmed up any plans yet," a banker with a private lender said, requesting anonymity as he is not authorised to speak to media.</p>.ED searches realty major DLF in money laundering case against Supertech.<p>"It is difficult to pinpoint the exact timing (of the issue), as the talks are at a very basic stage," the banker said.</p><p>DLF may look to raise around 10 billion rupees ($120 million) through the bond issue but has yet to receive the board approval for its fundraising plan, the bankers said.</p><p>The real estate company may look to raise funds for two years to five years, they added.</p><p>DLF did not reply to a <em>Reuters'</em> email seeking comment.</p><p>ICRA has assigned a 'AA' rating to DLF's bonds worth 15 billion rupees.</p><p>The company had last raised five billion rupees through the sale of three-year bonds at 8.25 per cent annual coupon in March 2021.</p><p>DLF's likely plan to return to the bond market comes at a time when India's real estate sector is seeing a revival.</p>. <p>Housing sales in India's top seven cities rose 36 per cent year-on-year in the July-September quarter, according to real estate consultancy Anarock.</p>.Banks should respond diligently to police requests for information: Delhi High Court. <p>Shares of real estate firms have soared, with DLF up nearly 68 per cent year-to-date compared with a near 11per cent gain in the blue chip Nifty 50 index.</p><p>"The economy is picking up and so is the demand for real estate, which could lead to a rise in fundraising from more such players in the coming months," one of the bankers said.</p><p>($1 = 83.3030 Indian rupees)</p>
<p>Mumbai: India's DLF Ltd is mulling its first sale of bonds in three years amid a revival in the country's real estate market, three merchant bankers said on Thursday.</p><p>"The company is engaging with investors and bankers for a bond issue but it has not firmed up any plans yet," a banker with a private lender said, requesting anonymity as he is not authorised to speak to media.</p>.ED searches realty major DLF in money laundering case against Supertech.<p>"It is difficult to pinpoint the exact timing (of the issue), as the talks are at a very basic stage," the banker said.</p><p>DLF may look to raise around 10 billion rupees ($120 million) through the bond issue but has yet to receive the board approval for its fundraising plan, the bankers said.</p><p>The real estate company may look to raise funds for two years to five years, they added.</p><p>DLF did not reply to a <em>Reuters'</em> email seeking comment.</p><p>ICRA has assigned a 'AA' rating to DLF's bonds worth 15 billion rupees.</p><p>The company had last raised five billion rupees through the sale of three-year bonds at 8.25 per cent annual coupon in March 2021.</p><p>DLF's likely plan to return to the bond market comes at a time when India's real estate sector is seeing a revival.</p>. <p>Housing sales in India's top seven cities rose 36 per cent year-on-year in the July-September quarter, according to real estate consultancy Anarock.</p>.Banks should respond diligently to police requests for information: Delhi High Court. <p>Shares of real estate firms have soared, with DLF up nearly 68 per cent year-to-date compared with a near 11per cent gain in the blue chip Nifty 50 index.</p><p>"The economy is picking up and so is the demand for real estate, which could lead to a rise in fundraising from more such players in the coming months," one of the bankers said.</p><p>($1 = 83.3030 Indian rupees)</p>