DLF Eyes More Mumbai Projects Post Successful Debut, Open to Further Expansion
DLF, a prominent Delhi-NCR-based real estate developer, has expressed its satisfaction with its initial foray into the Mumbai real estate market. The company is now open to launching more projects in the financial capital, aiming to secure approvals for the next phase within the next 12 months.
Real EstateDlfMumbaiProperty MarketReal Estate DevelopmentReal EstateAug 12, 2025
Speaking at the Q1FY26 investors’ call, Ashok Tyagi, managing director of DLF Limited, said the company 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.
“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 significant step for the company, as it aims to invest in the country's biggest real estate market over time. According to Tyagi, “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 sales demographics for DLF’s debut premium residential project in Mumbai, The WestPark in Andheri West, have been quite diverse. According to the company, 20% of homebuyers are Non-Resident Indians (NRIs), primarily those originally from Mumbai. The project has also secured bookings from members of the Bollywood fraternity.
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.
“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 added.
Frequently Asked Questions
What is DLF's current status in the Mumbai real estate market?
DLF has successfully launched its first project in Mumbai, The WestPark in Andheri West, and has sold out all four towers under Phase 1, generating sales bookings worth ₹2,300 crore.
What are DLF's future plans in Mumbai?
DLF is open to launching more projects in Mumbai. The company aims to secure approvals for the next phase of 1–2 million sq ft within the next 12 months and add about 1 million sq ft every 15 months thereafter.
Who are the primary buyers for DLF's The WestPark project?
20% of the homebuyers for The WestPark are Non-Resident Indians (NRIs), primarily those originally from Mumbai. The project has also secured bookings from members of the Bollywood fraternity.
Why is DLF considering further investment in Mumbai?
Mumbai is the country's biggest real estate market, and DLF aims to capitalize on this potential. The company's initial success with The WestPark has given them more confidence to explore further opportunities in the city.
What factors contributed to the success of DLF's The WestPark project?
The success of The WestPark can be attributed to the strong DLF brand, a well-designed product, and massive broker support in Mumbai. The project's attributes, such as spacious balconies, were well-received by buyers.
Related News Articles
Unlocking India's Telecom Treasure: BSNL and MTNL's Rs 1 Lakh Crore Land Asset Monetization Push
BSNL and MTNL are gearing up to monetize their land assets
Housing Sales Expected to Dip 2% in Top 9 Indian Cities This Quarter
Housing, Realty, Real Estate, Indian Cities, Property Sales
Real Estate Developers in Pune Face Cheating Charges for Duping Customer
Four real estate developers booked for cheating customer in Pune's Marvel Bassilo project
Birla Estates and LGCPL Group Join Hands to Develop 131-Acre Project in Noida
Realty firm Birla Estates Private Ltd signs agreement to co-develop 131-acre land parcel in Sector 150 Noida with LGCPL Group
GST Framework for Real Estate Sector Remains Unchanged Amid Ongoing Discussions
The Group of Ministers (GoM) of the GST Council convenes in Goa to review tax structure affecting the real estate sector, focusing on joint development agreements (JDAs) and affordable housing.
DLF Sells 173 Ultra-Luxury Homes for ₹11,816 Crore in Gurugram: Meeting Strong Demand from the Super-Rich
DLF, the largest real estate firm in India by market cap, has successfully sold 173 ultra-luxury homes in Gurugram, generating a staggering ₹11,816 crore. The company, known for its robust presence in the Delhi-NCR and Tamil Nadu markets, has once again d