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Home > Buzz > DLF Gets MahaRERA Nod for its first project in Mumbai Launch expected in a week

DLF Gets MahaRERA Nod for its first project in Mumbai; Launch expected in a week

Updated on: 12 July,2025 04:47 PM IST  |  Mumbai
Buzz | sumit.zarchobe@mid-day.com

MahaRERA filings, the project will include four towers with 416 apartments comprising 3, 4, and 5 BHK units.

DLF Gets MahaRERA Nod for its first project in Mumbai; Launch expected in a week

MahaRERA

DLF, one of India’s leading listed real estate developers, has secured MahaRERA approval for its first residential project in Mumbai, paving the way for a formal launch within the next two weeks. The project, located in Andheri, marks the company’s foray into the Mumbai real estate market, with a total development potential of around ₹2500 crore for Phase 1.

According to MahaRERA filings, the project will include four towers with 416 apartments comprising 3, 4, and 5 BHK units. These homes will range from 1,048 sq. ft. to 2,278 sq. ft. in carpet area. The four towers are being developed on a 7,788 sq. metre land parcel, with completion targeted for June 2032.

The homes are expected to be priced between ₹5 crore and ₹7 crore, taking the average price realisation per square foot to over ₹50,000, putting it among the most premium launches in Andheri in recent years. DLF is developing the project in partnership with Trident Realty and will roll it out in phases, starting with Phase 1.

The company’s move to Mumbai follows a record-breaking fiscal year. In FY25, DLF clocked sales bookings of ₹21,223 crore, up 44% from ₹14,778 crore in FY24, driven by the success of Privana North in Gurugram. The Gurugram project, launched in Q1 FY25, saw all 1,164 apartments worth ₹11,000 crore sell out within 7 days, setting new benchmarks for luxury housing absorption. The project is part of a 116-acre integrated township, DLF Privana, in Sectors 76 and 77, Gurugram. In this 116-acre integrated township, the company had last year launched and completely sold out two projects, 'DLF Privana West' and 'DLF Privana South’ for around ₹12,800 crore.

For FY26, DLF has guided for sales between ₹20,000 crore and ₹22,000 crore. In the first quarter alone, the company claims to have booked nearly half of this target. Upcoming launches worth over ₹17,000 crore are also in the pipeline, including this Mumbai development, indicating DLF’s strategy to diversify beyond its traditional stronghold in Delhi-NCR.

 

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