Luxury Housing Venture Worth ₹900 Crore Launched by DLF in Andheri West, Mumbai's Realty Scene
In a significant move, DLF Ltd., a leading real estate developer, has re-entered the Mumbai market after a decade, with plans to invest around Rs 800-900 crore in a luxury housing project named 'Westpark'. Located in the bustling area of Andheri (West), the project spans 5.18 acres and comprises 416 high-end apartments across four towers.
The project is being developed in partnership with Trident Group under the Slum Rehabilitation Authority (SRA) scheme. The apartments, priced between Rs 4 crore and Rs 7.5 crore, are expected to be sold at rates ranging from Rs 42,000 to Rs 47,000 per square foot. DLF anticipates a total sales realisation of approximately Rs 2,300 crore from the project. Initially, the company plans to sell about 200 units, but if demand is high, they may consider selling all 416 units.
The initial demand for the Westpark project has been encouraging, with strong interest from potential buyers. This project is part of DLF's broader expansion strategy into the Mumbai market, aiming to capitalize on the city's high demand for luxury housing.
It is worth noting that DLF's total income rose to Rs 8,995.89 crore in the last fiscal from Rs 6,958.34 crore in the 2023-24 financial year. The company's net profit also increased significantly, reaching Rs 4,366.82 crore during the 2024-25 fiscal from Rs 2,723.53 crore in the preceding year. DLF reported a record sales booking of Rs 21,223 crore in the 2024-25 fiscal, an increase of 44% from the preceding year.
In a positive sign for the company, the successful launch of the Gurugram project helped DLF achieve 50% of its annual sales bookings target. DLF has an annuity portfolio of over 45 million square feet, and the group has 280 million square feet of development potential across residential and commercial segments.
This return to Mumbai marks a new chapter for DLF Ltd., as the company continues to expand its footprint in the Indian real estate market. The Westpark project is expected to set a new standard for luxury housing in Mumbai, offering residents an unparalleled living experience in one of India's most vibrant cities.
In line with DLF Ltd.'s broader expansion strategy, the company is investing around Rs 800-900 crore in the Westpark real-estate project, located in Mumbai's Andheri (West), with plans to capitalize on the city's high demand for luxury housing. DLF expects a total sales realisation of approximately Rs 2,300 crore from the project, with the potential for selling all 416 units if demand remains high.