India, May 21 -- Real estate major DLF has announced plans to launch the first phase of its Mumbai project by June 2025, within the first quarter of the current financial year. The company also plans to enter the Goa real estate market, with its debut project scheduled for launch in the second half of the financial year.

"We are working towards launching our first Mumbai project by Q1 FY26," said Aakash Ohri, joint managing director of DLF, during the Q4 FY25 investors' call.

Explaining the delay, Ashok Kumar Tyagi, managing director and chief financial officer (CFO) of DLF, said, "The reason for the delay in the project is because of the multiplicity involved in the project, since it is a slum rehabilitation project."

DLF is developin...