India, July 3 -- Real estate major DLF is exploring luxury. ultra-luxury residential projects, as well as land options, in Mumbai. Calling the country's financial capital a 'serious business' for the company, DLF Home Developers Managing Director Aakash Ohri said that further announcements will be made as its plans take shape.

Speaking on the sidelines of the HT Real Estate Summit in Delhi, Aakash Ohri said the second phase of the company's Mumbai project is expected to launch by the end of the second quarter or in the third quarter of the current financial year.

"Mumbai's second phase will be in either quarter two end or quarter three, but as you are all aware, the first phase was a stupendous success, and the second phase, I would say...