As per media reports, over the next three years, India’s largest listed developer, DLF Ltd mulls to raise 100 billion ($2 billion) from asset sales as the cash-strapped builder strives to cut its debt.

On Thursday it was specified by Sanjey Roy, a senior general manager that this includes the Rs 55 billion they have talked about and in the coming three years they would be raising Rs 45 billion more.

Earlier this month, in an analyst presentation, DLF had confirmed that it had net debt of Rs 139.58 billion at the end of March.

DLF thought to repay Rs 75 billion by selling non-core assets like its wind power unit and from part collection of the money owed to it by a property trust, DLF Assets Ltd.

A sum of $783 million was raised on Wednesday by DLF’s founders, K.P. Singh and family, with the main aim to inject capital into the property trust, which owes DLF Rs 49 billion.

In the midst of a property market downturn, DLF has been affected adversely by high debt and declining profits.

Following a planned Singapore listing of its property trust that was shelved last year after a global equities slide, the company has been seeking funds.