Realty firm DLF is venturing into the Mumbai property market with a 2.5 million sq ft project in Andheri West. DLF Home Developers has executed a securities subscription and shareholders agreement, pursuant to which its wholly-owned subsidiary-Pegeen Builders & Developers Private Limited will allot 9800 equity shares at par to Trident Buildtech.
DLF said Pegeen Builders & Developers, a wholly-owned subsidiary of DHDL, agreed to enter a development agreement with Sahyog Homes to develop the first phase of the Slum Rehabilitation Project in Andheri (W), Mumbai.
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