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.
Post a comment
A 13% jump, $18.5B valuation! Here's what's really driving IPL's...
IPL's business valuation hits $18.5 billion with record viewership and strong franchise revenues driving growth.
The silent force reshaping America's economy isn't American at all!
Forbes 2025 list shows India contributing highest number of immigrant billionaires, overtaking Israel as leading...
India's brownie queen just got bought for ₹2,410 Cr! Here's...
Private equity firm secures 90% stake in pan-India bakery chain at reduced valuation from initial...
RBI breaks silence on the demonetized ₹2,000 notes!
Sanjay Malhotra confirms discontinued currency remains legal tender while addressing MP concerns about counterfeit notes...
