India, June 17 -- DLF has received approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for the first phase of its upcoming premium residential project in Mumbai's Andheri area. The approved phase will comprise 416 apartments across four towers.

Sources told HT.com that the RERA approval was granted on June 16, and the project is expected to be launched soon.

DLF announced its re-entry into the Mumbai real estate market in July 2023. The company's first project in the city will be developed in partnership with the Trident Group under the Slum Rehabilitation Authority scheme.

In 2005, DLF had purchased 17 acres of prime mill land in Lower Parel at a National Textile Corporation auction for Rs.704 crore, the highest ...