DLF Eyes Mumbai’s Ultra-Luxury Real Estate Market
India's largest listed real estate developer, DLF, is exploring entry into Mumbai’s super-premium and ultra-luxury residential segments, following its maiden premium project in the city.
DlfLuxury Real EstateMumbaiReal Estate MarketThe WestparkReal Estate MumbaiJul 17, 2025
“We have done a lot of premium projects in Gurugram, along with luxury and super premium. We will get into luxury and super premium here, but right now our focus is on the current project,” said Aakash Ohri, joint managing director and chief business officer at DLF.
DLF is known for its luxury projects such as The Camellias and The Magnolias in Gurugram, and Regal Gardens and The Skycourt in New Gurugram, catering to the premium segment. In Mumbai, key players in the luxury and super-premium space currently include Hiranandani, Oberoi Realty, and K Raheja Corp.
As part of its re-entry into Mumbai, DLF is set to launch its residential project, The Westpark, in the Andheri West area, in partnership with local developer Trident Realty. Apartments in the project are priced between ₹4 crore and ₹8 crore, with sizes ranging from 1,100 to 2,500 sq ft.
In 2005, DLF acquired 17 acres of prime mill land in Lower Parel for Rs 704 crore through a National Textile Corporation auction. The company later sold the land to Lodha Developers in 2012 for Rs 2,700 crore.
The company plans to launch the project in phases, starting with two towers in August this year. The first two phases will have a total gross development value (GDV) of Rs 5,000 crore and will comprise 416 units in total.
“We will adapt to the local market but will not change our way of operating,” Ohri said, adding that, like their luxury projects in Gurugram, the Mumbai development will feature a 50,000 sq ft clubhouse and a 33,000 sq ft crèche.
Ohri said that while balconies are not typically popular in Mumbai’s residential market, their project aims to set a new trend — making balconies the norm in the city.
Though residential sales declined by 28% in the June quarter, Ohri said DLF has not experienced any slowdown. In fact, he noted that their recent launch, Privana North in Gurugram, garnered ₹11,000 crore in bookings, with the entire project inventory sold out within a week.
“After Covid, home is a top priority for people and it’s an opportunity cost of money for them,” he said.
Frequently Asked Questions
What is DLF known for in the real estate market?
DLF is known for its luxury projects such as The Camellias and The Magnolias in Gurugram, and Regal Gardens and The Skycourt in New Gurugram, catering to the premium segment.
What is DLF’s new residential project in Mumbai?
DLF’s new residential project in Mumbai is called The Westpark, located in the Andheri West area, in partnership with local developer Trident Realty.
What is the price range for apartments in The Westpark?
Apartments in The Westpark are priced between ₹4 crore and ₹8 crore, with sizes ranging from 1,100 to 2,500 sq ft.
What unique features will The Westpark offer?
The Westpark will feature a 50,000 sq ft clubhouse and a 33,000 sq ft crèche, along with making balconies a standard feature in the project.
How has DLF performed in recent real estate launches?
DLF’s recent launch, Privana North in Gurugram, garnered ₹11,000 crore in bookings, with the entire project inventory sold out within a week.
Related News Articles
ICICI Venture Continues to Make Waves with Benchmark-Busting Exits from Portfolio Companies
ICICI Venture, one of India's oldest alternative investors, is making the most of the stock market bull run to monetize its investments with impressive returns.
House of Hiranandani to Pump Rs 12,500 Crore into Mumbai Real Estate
The renowned realty firm, House of Hiranandani, is set to invest a significant amount of Rs 12,500 crore in the bustling city of Mumbai. The investment will focus on a 25-acre land parcel in the prestigious Hiranandani Estate, Thane, where the company is
Haryana Real Estate Regulatory Authority Directs Anant Raj Builders to Pay Interest and Execute Conveyance Deed
In a landmark decision, the Haryana Real Estate Regulatory Authority (Haryana RERA) has ordered Anant Raj Builders to pay interest and execute a conveyance deed in favor of a homebuyer. This move is seen as a significant step towards protecting the rights
Real Estate Industry Awaits Union Budget 2025: Focus on Affordable Housing and Sustainability
The real estate sector is looking forward to the Union Budget 2025 with a wish list that includes increased funding for affordable housing, rental market reforms, and sustainability initiatives to stimulate investment and urban development.
Pune: Supriya Sule Announces the Passing of Aunt Bharati Pratap
Supriya Sule, a prominent figure in Indian politics, has shared the unfortunate news of the passing of her aunt, Bharati Pratap. This loss marks a significant moment for the Pawar family, known for their influential roles in the Indian political landscape
Cyril Amarchand Mangaldas Advises Blackstone on Strategic Real Estate Investment
Cyril Amarchand Mangaldas, one of India's leading law firms, has advised Blackstone on its acquisition of a minority stake in certain real estate assets. This strategic move highlights the firm's expertise in complex transactions within the real estate se