DLF Expected To Launch 1st Phase Of Project In The Financial Year By March 2025 in Mumbai Real Estate

By March 2025, DLF, one of India's top real estate developers, plans to begin construction on the first phase of its eagerly awaited project in Mumbai. This development, which is situated in the center of the financial capital, is anticipated to provide a mix of contemporary residential and commercial spaces that are tailored to the requirements of modern enterprises and urban inhabitants.

DLF's participation shows faith in Mumbai's long-term prospects as the city's real estate market continues to expand. This ambitious project promises to play a significant role in determining the future of Mumbai's skyline by redefining luxury housing and working options.
 

Insight Details Of The New Launch Project By DLF
 

The DLF Property in Mumbai, a slum rehabilitation authority endeavor being created in collaboration with the Trident Group, is situated in the Andheri neighborhood of Mumbai.

According to DLF, a listed real estate developer located in Delhi-NCR, the first phase of its Mumbai project would begin in the fourth quarter of the current fiscal year.

The project will be launched by December 2024 or January 2025, according to the company's July 2024 announcement. However, the business stated that it intends to start the project in Q4 at the most recent Q2FY25 earnings call. The remaining approvals for the property in Goa, Mumbai, and the next Privana phase are all at various stages of the approval procedure.

All of these projects Privana, the following phase, Goa, and Mumbai have advanced permissions. Since these approvals are now quite normal, the organization is unsure if the full Maharashtra code of conduct has an impact on that. They are all not equivalent to a policy approval. At the very least, Mumbai appears to be well-positioned to proceed with a Q4 launch, which indicates that clearances and the launch will take place in Q4 unless something totally unexpected occurs.

One of the major concerns is whether the impending assembly elections in Maharashtra, which are set for November 20, may cause a delay in project clearances.

Even though it may be rather challenging to forecast down to the final two weeks, particularly for non-Gurgaon approvals, we remain optimistic about opening Mumbai in Q4. Additionally, Privana and Goa appear to be proceeding as planned.

The clearance processes for Goa, Mumbai, and the next Privana phase are all at various levels. In January 2024, the business stated that the flats in the Andheri neighborhood of Mumbai will likely cost between ₹5.5 crore and ₹7.5 crore. The business will include flats with three bedrooms and more. According to the corporation, the first phase of the project would involve the creation of one million square feet.

In collaboration with the Trident Group, the business is building its first project in Mumbai, a Slum Rehabilitation Authority project. In July 2023, DLF Group announced this project as its re-entry into the Mumbai real estate industry.

According to the firm, DLF would invest ₹400 crore as equity to create the project, which might have a saleable size of 3 to 3.5 million square feet.
 

What Are The Quarter 2, FY25 Results?
 

On October 25, DLF said that its consolidated net profit for the September quarter had more than doubled to ₹1,381 crore. In the previous year, the firm reported a net profit of ₹622.78 crore.

According to a regulatory filing, the company's total income increased by about 48% from ₹1476.42 crore in the same time previous year to ₹2,181 crore in the July to September quarter of 2024–2025.

The company's net profit for the first half of current fiscal year jumped significantly to ₹2,026.69 crore from ₹1,149.78 crore during the same time last year. From April to September of current fiscal year, the company's total income increased to ₹3,910.65 crore from ₹2,998.13 crore during the same period of the previous fiscal year.

Conclusion

An important turning point in Mumbai's real estate growth will be reached with DLF's next project. In order to meet the increasing demand in the financial capital, the first phase is anticipated to open by March 2025 and will offer top-rate residential and commercial areas.

With its contemporary conveniences and environmentally friendly housing alternatives, the project is set to improve Mumbai's skyline. DLF is a notable addition to the city's changing real estate scene because of its debut into this cutthroat market, which demonstrates its dedication to growing its presence in important metropolitan centers. Both citizens and investors will be closely monitoring its development.

For more real estate updates, be connected to InvestoXpert, the best real estate advisors that provide custom-tailored solutions. So, hurry up and contact them. 

CALL US: 9880083870

MAIL US: [email protected]
 

Read More: 2 BHK in Noida Extension

Read More: 3 BHK in Noida Extension

Read More: 4 BHK in Noida Extension

Read More: 2 BHK in Greater Noida West

Read More: 3 BHK in Greater Noida West

Read More: 4 BHK in Greater Noida West

Read More: 2 BHK in Noida Expressway

Read More: 4 BHK in Noida Expressway

Read More: Godrej Properties Noida

Read More: Top 10 Best Luxury Villas in Hyderabad 2024

Read Also : Top 10 Best Luxury Villas in Noida

Read Also : Top 10 Best Residential Projects in Noida

Read Also : Top 10 Best Residential Projects in Pune

Read Also : Top 5 Best Luxury Projects in Delhi

Read Also : Top 10 Best Luxury Projects in Bangalore

Read Also : Top 10 Best Luxury Projects in Gurgaon

Read Also : Top 10 Best Low Rise Apartments in Gurgaon