DLF's Mumbai Debut: ₹400 Crore Project Launch by December 2024

DLF, a major player in the real estate sector, is set to mark its return to Mumbai with a high-profile project slated for launch by December 2024. The approval and clearance processes are currently underway, paving the way for this significant venture.

The company will inject ₹400 crore as equity into this ambitious project, which is expected to feature a saleable area of between three million and 3.5 million square feet. Located in the bustling Andheri area, the development will offer upscale apartments priced between ₹5.5 crore and ₹7.5 crore, with options including three-BHK and enhanced three BHK configurations.

This Mumbai project is a Slum Rehabilitation Authority (SRA) initiative, developed in a joint venture with the Trident Group. The first phase of the development will cover one million square feet, setting a strong foundation for future expansion.

DLF’s move into the Mumbai market reaffirms its strategic growth plans, which were initially announced in July 2023. This project not only represents DLF’s comeback to Mumbai but also its commitment to delivering premium residential spaces in one of India’s most dynamic real estate markets.

News by Rahul Yelligetti