Shareholders approved the resolution through a postal ballot, DLF said in an exchange filing. The company didn't give details on the wind-power assets and the amount of money it expects to raise.

The sale is part of DLF's ongoing plan to exit noncore businesses and generate cash for its core business of property development, and to reduce debt. DLF had last year said it aims to raise up to 100 billion rupees ($1.8 billion) by 2014 by selling such assets.

India's property developers are struggling with lower sales and a decline in profit as high interest costs continue to hurt demand for new homes while construction costs remain inflated.

In June, the company's unit--DLF Hotel Holdings Ltd.--sold its entire stake in Adone Hotels and Hospitality Ltd. for 5.67 billion rupees.