DLF is expected to launch the first phase of its Mumbai project in the fourth quarter of FY25.

DLF Ltd Mumbai project, situated in Andheri (West), is an SRA (Slum Rehabilitation Authority) initiative developed in partnership with the Trident Group. This project signifies the listed real estate leader’s re-entry into Mumbai’s competitive market.

Delhi-National Capital Region (NCR)-based real estate developer DLF Limited, a publicly listed company, is expected to launch the first phase of its Mumbai project in the fourth quarter of FY 2025, ending March 31.

Located in Andheri (West), DLF’s Mumbai project is a Slum Rehabilitation Authority (SRA) initiative, developed in collaboration with the Trident Group. This venture marks DLF’s re-entry into the Mumbai market, as announced in July 2023.

During an investors’ call, Ashok Kumar Tyagi, CEO of DLF Ltd, stated that project approvals are in advanced stages, with the company anticipating a launch in the fourth quarter of the current financial year.

“Approvals for the next phase of Privana, as well as the Mumbai and Goa projects, are at advanced stages. I don’t foresee the Maharashtra election code of conduct impacting the Mumbai project approvals since these are routine approvals rather than policy-based. Barring any unforeseen circumstances, the Mumbai project launch is likely in the fourth quarter,” Tyagi noted in response to a question regarding potential delays from the upcoming Maharashtra assembly elections scheduled for November 20.