With an aim to cut the debt, India’s biggest real estate company, DLF has decided to put the second phase of its under-construction IT Special Economic Zone in Pune on sale for an estimated Rs. 250 crore. The project is located in the prime commercial zone of Pune in Hinjewadi. The company has taken this decision with a view to clear-off its non-core projects and businesses and to cut the level of debt.The SEZ is a 29 acre project which has a built-up area of 2.9 million sq ft. According to the sources, immediately after a week of the company’s sale of its 74% stake in life insurance joint venture, the developer has started discussions with local developers and private equity firms to sell its Pune IT SEZ’s Phase II. The company with its associate partner Hubtown has already sold the first phase of the project for Rs. 810 crore to Blackstone.According to one of the associated persons, the valuation of the second phase of this project will be lower as compared to the first phase since this phase is still under-construction and the tenancy agreements are in process. The first phase which was sold to Blackstone was completed and leased-out. The developer is intending to complete this transaction by the end of this year.The transaction is a part of the company’s plan to decrease it’s debt by Rs. 4,000 crore by the end of financial year 2013-14.займ на карту без отказов круглосуточновзять кредит онлайн