Bengaluru, July 25 -- DLF has sold out all apartments in a project in Mumbai for over Rs.2,300 crore, marking a successful return to the real estate market in India's financial capital.
DLF Home Developers Ltd, a subsidiary of DLF Ltd, India's most valued real estate company, said it sold all 416 units, including apartments and penthouses, in the first phase of The Westpark project in suburban Mumbai's Andheri (west) locality. The sale kicked off last week.
Although DLF launched the project with two 37-storey towers initially, high demand prompted it to add two more towers. DLF is developing the project with New Delhi-based Trident Realty.
The developer sold the entire inventory within a week at an average price of Rs.42,500 per square...
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