DLF, India’s largest real estate company, is making a high‑stakes re‑entry into the Mumbai housing market with a Rs 900 crore investment in its luxury housing project, Westpark, located in Andheri West. The move marks a significant strategic shift for DLF Mumbai, as it seeks to replicate the success of recently sold-out developments in the Delhi–NCR region.
Premium Project Overview
Launched in partnership with the Trident Group, Westpark spans a 5.18-acre Slum Rehabilitation Authority (SRA) site and includes 416 upscale apartments priced between ₹4 crore and ₹7.5 crore. The project’s pricing strategy, between ₹42,000–47,000 per square foot, aims at achieving total sales value of ₹2,300 crore – more than double the firm’s capital deployment .
Market Timing & Partnership
DLF’s entry into Andheri, announced originally in July 2023, leverages the competitive Mumbai real estate market. The structure of the transaction places DLF in control of 51% equity through a special purpose vehicle (SPV), while Trident holds the remaining 49% . Benefiting from the SRA framework, Trident undertakes slum rehabilitation, allowing DLF to focus purely on the commercial sale inventory.
Strong Early Momentum
According to Aakash Ohri, Joint MD at DLF Home Developers, the early interest in Westpark has been “very encouraging,” with plans to sell 200 units in Phase 1 and potential to offload all 416 units if demand sustains . This optimism comes on the heels of an earlier milestone: DLF’s Gurugram Privana North project, which saw 1,164 units worth roughly ₹11,000 crore completely sold .
Strategic Impact & Financial Rationale
The DLF Mumbai venture aligns with DLF’s broader FY 2025–26 strategy, targeting ₹20,000–22,000 crore in sales bookings via new launches in Mumbai, Goa, and Gurugram . Positioned in a market where Mumbai recorded ~47,000 units sold in the ₹1–5 crore segment during H1 FY25 , the Westpark project taps into a sweet spot of premium housing demand. ET also reported that the initial development phase covers approximately 900,000 sq ft across eight towers, with four already launched .
Future Outlook
For DLF Mumbai, Westpark is more than a standalone project—it signals intent. Following this debut, DLF is planning a luxury villas project in Goa during H2 FY26, cementing its national premium-housing footprint .