DLF Eyes More Mumbai Projects After Successful Debut, Open to a Second Venture
Delhi-NCR-based real estate developer DLF is optimistic about its future in the Mumbai real estate market, following the successful launch of its first project. The company is now looking to secure approvals for the next phase and is open to more projects in India’s financial capital.
Mumbai Real EstateDlfReal Estate MarketAndheri WestProperty DevelopmentReal Estate NewsAug 12, 2025
Speaking at the Q1FY26 investors’ call, Ashok Tyagi, managing director of DLF Limited, revealed that the company expects to secure approvals for the next phase of 1–2 million sq ft within the next 12 months. DLF aims to add about 1 million sq ft every 15 months thereafter.
“I think I mean, clearly, we are open to a second project in Mumbai. We just have to figure out the right project and everything. As we have mentioned in the last few quarters, this was our first tentative return to Mumbai, and I think, touch wood, Phase 1 has gone off very well. So I think it clearly gives us more confidence,” Tyagi said during the call.
“I think hopefully, in the next 12 to 18 months, we should get even better confidence in Mumbai. We also settled our old dispute that we had in Mumbai. So I think clearly, hopefully, Mumbai, the geography, should grow, but just be slightly patient with that,” Tyagi added.
DLF’s ‘first very controlled entry experiment’ in Mumbai is a strategic move, as the city is the country's largest real estate market. According to Tyagi, the company is looking to invest in Mumbai over time, given its vast potential.
“I mean, honestly, outside NCR and the Chandigarh Tri-City where we have vast land potential, I think Mumbai is our only location where we are potentially looking to execute and hopefully, over time, invest because it is the country's biggest real estate market. We were not present for such a long time. This is our first very controlled entry experiment. And hopefully, if this clicks, and if this does well for us and for our customers, there could be growth opportunities there,” Tyagi explained.
The sales demographics for DLF’s debut premium residential project in Mumbai, The WestPark in Andheri West, are noteworthy. The company reported that 20% of the homebuyers are Non-Resident Indians (NRIs), primarily those originally from Mumbai. Additionally, the project has secured bookings from members of the Bollywood fraternity.
DLF announced on July 25 that it has sold out all four towers launched under Phase 1, generating sales bookings worth ₹2,300 crore. The project was officially launched on July 17.
“Mumbai, I think business came from all over. In fact, I was told that Mumbai doesn't even shift PIN codes, but we have business in the South, we have business from all over. We had a massive, massive broker support in Mumbai, who kind of got business from everywhere. The DLF brand prevailed,” Aakash Ohri, Joint Managing Director and Chief Business Officer, DLF Home Developers Ltd, had said.
“So, I think what prevailed there was definitely a very solid futuristic product, very thought after. People love the balconies. People loved every attribute of what we had to present there. So that was very heartening to see,” Ohri concluded.
Frequently Asked Questions
What is DLF’s current status in the Mumbai real estate market?
DLF has successfully launched its first premium residential project, The WestPark in Andheri West, and is now looking to secure approvals for the next phase of 1–2 million sq ft within the next 12 months.
What is the sales performance of DLF’s first project in Mumbai?
DLF has sold out all four towers launched under Phase 1 of The WestPark, generating sales bookings worth ₹2,300 crore.
Who are the primary buyers for DLF’s first project in Andheri West?
20% of the homebuyers for The WestPark are Non-Resident Indians (NRIs), primarily those originally from Mumbai, and the project has also secured bookings from members of the Bollywood fraternity.
What is DLF’s future plan for Mumbai?
DLF is open to a second project in Mumbai and aims to add about 1 million sq ft every 15 months after securing the next phase of approvals.
Why is DLF investing in Mumbai?
Mumbai is the country's largest real estate market, and DLF sees significant growth potential in the city, especially after the success of its first project.
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