India, Aug. 9 -- DLF's first Mumbai project was intended as a 'dipping toes into the water' exercise, but the company is now more confident about its prospects in the city and is on track to launch a follow-up 'definitely within this fiscal year, possibly even within the calendar year,' said Ashok Tyagi, MD, DLF Limited.

Tyagi said Mumbai real estate market remains part of DLF's medium- and long-term growth strategy, but the company will be 'very, very selective' in taking up projects in the city where it believes it can add value.

"We should be hopefully coming up with a follow-through of that launch definitely within this fiscal year, possibly even within the calendar year. I think that is on track. Overall, the way the stars are alig...