DLF Eyes More Mumbai Projects After Successful Debut, Open to Second Venture
Delhi-NCR-based real estate developer DLF has expressed its satisfaction with its initial foray into the Mumbai real estate market, signaling its willingness to undertake more projects in the financial capital.
Mumbai Real EstateDlfReal Estate DevelopmentAndheri WestProperty MarketReal Estate MumbaiAug 12, 2025
Ashok Tyagi stated that DLF expects to secure approvals for the next phase of 1–2 million sq ft within the next 12 months and 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.
Tyagi further elaborated, “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.”
DLF’s ‘first very controlled entry experiment’ into Mumbai is a strategic move, recognizing the city’s status as the country's largest real estate market. According to Tyagi, “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.”
The company has already seen significant success with its debut premium residential project, The WestPark in Andheri West. DLF revealed 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. Notably, 20% of the homebuyers for The WestPark are Non-Resident Indians (NRIs), primarily those originally from Mumbai, and the company has also secured bookings from members of the Bollywood fraternity.
Aakash Ohri, Joint Managing Director and Chief Business Officer, DLF Home Developers Ltd, commented on the sales demographics, “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.”
Ohri added, “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.”
DLF’s success in Mumbai is a testament to the company’s strategic approach and the strong brand recognition it enjoys. With the initial phase of The WestPark proving to be a hit, DLF is well-positioned to explore more opportunities in the vibrant and dynamic Mumbai real estate market.
Frequently Asked Questions
What is DLF's first project in Mumbai?
DLF's first project in Mumbai is The WestPark, a premium residential project located in Andheri West.
How successful has DLF's first project in Mumbai been?
DLF has sold out all four towers launched under Phase 1 of The WestPark, generating sales bookings worth ₹2,300 crore.
What is DLF's future plan for Mumbai?
DLF is open to a second project in Mumbai and expects to secure approvals for the next phase of 1–2 million sq ft within the next 12 months.
Who are the buyers of DLF's The WestPark project?
20% of the homebuyers for The WestPark are Non-Resident Indians (NRIs), primarily those originally from Mumbai, and the company has also secured bookings from members of the Bollywood fraternity.
Why is DLF interested in the Mumbai real estate market?
DLF is interested in the Mumbai real estate market because it is the country's largest real estate market and offers significant growth opportunities.
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