DLF has acquired a controlling 51% stake in a special purpose vehicle (SPV) responsible for a development project spanning around 3.5 million square feet in Mumbais Andheri area for approximately Rs 400 crore. “This is part of a bigger slum rehab scheme, where we anticipate that once the entire process is complete, the total saleable area should be in the range of 3 to 3.5 million square feet,” DLF chief executive Ashok Kumar Tyagi said during the real estate developer first quarter earnings call on Monday.