DLF readies to enter luxury housing markets of Mumbai, Goa moneycontrol.com
DLF Ltd. is testing Mumbai’s luxury market for condominiums with a project in the city before launching more in the financial hub, a senior official at India’s biggest real estate developer said. The development will be in the western suburb of Andheri, and will comprise of three or more bedroom apartments spread over 1,600 square feet (148.64 square meters) to 1,700 square feet, Aakash Ohri, senior executive director for business development at the company, said in an interview.
The Mumbai project is what DLF refers to as a “luxury premium” property where they earn higher margins, said Ohri, adding that the entry price points would be “quite competitive.”
