DLF Ltd, India's largest listed property firm, plans to pare its debt by Rs

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25-30 billion ($547-$656 million) in the current fiscal year to end-March 2012, a New Delhi based business daily reported on Tuesday, citing a senior company executive.

DLF, which had a net debt of Rs 215.24 billion at the end of June, is planning to divest non-core assets to raise funds and has previously said it plans to divest assets worth Rs 60-70 billion over the next two-to-three years.

DLF expects to sell its stake in luxury hotel chain Aman Resorts by the end of this financial year, Group Executive Director Rajeev Talwar told the newspaper. The paper said DLF would, however, hold on to Aman's Delhi property.