India's largest property developer DLF Ltd has entered Mumbai with a Rs 1,000 crore investment for its Andheri project's first phase. The company, which achieved nearly half of its Rs 20,000-22,000 crore FY26 sales guidance in Q1, expects Rs 2,300 crore in pre-sales from this Mumbai launch.
DLF acquired a 51% stake in the development SPV for Rs 400 crore in July 2023, planning to develop 3.5 million sq ft. The first phase covers 900,000 sq ft across 8 towers, with two already launched and two more coming soon. The slum rehabilitation project offers 3-4 BHK residences ranging from 1,125-2,500 sq ft.
The company reported robust FY25 performance with Rs 4,357 crore net profit and Rs 8,996 crore revenue, defying industry-wide sales concerns.
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