Mumbai real estate: DLF expected to launch first phase of project in the financial capital by March 2025

Delhi-NCR-based listed real estate developer DLF has said that it plans to launch the first phase of its Mumbai project in the fourth quarter of the ongoing financial year. “The balance approvals, which are Goa, Mumbai, and the next phase of Privana are all in different stages of the approval processes,” Ashok Kumar Tyagi, Managing Director and Chief Financial Officer, DLF Limited said during an investors’ call held recently. So at least Mumbai, currently, we do look strong to go for a Q4 -- I mean, for approvals and the launch to happen in Q4, unless there's something completely unforeseen that happens,” he said answering a query on whether the project approvals may get delayed on account of the upcoming assembly elections in Maharashtra scheduled to be held on November 20. DLF will pump in ₹400 crore as equity to develop the project with a potential saleable area of 3 million to 3.5 million square feet, the company had said.