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DLF, the real estate major, is reportedly pulling out all the stops to become a debt-free company as it is in plans to team up with GIC to float a part REIT in future. However, the REIT listing may have to wait.In the near future, GIC and DLF may have reportedly decided to do a part REIT. However, the company confirmed that the REIT listing may not happen in the coming two-three years.Reports suggest that, DLF does not see it as an overhang anymore, thus terming the debt issue as a yesterday’s story. The debt load post qualified institutional placement (QIP) and promoter infusion is seen at close to Rs 20 billion. That said, the company will be reportedly going ahead with the next round of construction project. Also, it is aggressively expanding on the commercial leasing front. The next phase of Central Delhi project is also expected to start soon.The QIP proceeds and further infusion of Rs 25 billion from promoters against the issue of warrants would help the firm significantly reduce debt that stood at around Rs 72 billion as on December 31, 2018. 40 per cent stake in rental arm DLF Cyber City Develppers had been sold by promoters KP Singh and his family for Rs 119 billion in August 2017. This deal included sale of 33.34 per cent stake in DCCDL to Singapore's sovereign wealth fund GIC for Rs 89 billion and buyback of the remaining shares worth Rs 30 billion by DCCDL.