DLF Launches ₹2,500 Crore Luxury Housing Project in Mumbai
India's largest realty firm, DLF Ltd, is set to enter the Mumbai housing market with a luxury project worth ₹2,500 crore. The project, located in Andheri, will offer 416 units in the first phase and is expected to be launched within the next two weeks.
DlfLuxury HousingMumbaiReal EstateReraReal Estate NewsJun 22, 2025
DLF will launch more than 400 homes in the first phase of its upcoming project. According to sources, the company has obtained all necessary regulatory approvals to proceed with the development, which will be a joint effort with Delhi-based Trident Realty.
The project, located in the suburb of Andheri, has received Real Estate Regulatory Authority (RERA) approval. In the first phase, the company will develop 416 units across four towers. DLF plans to sell these apartments in a price range of ₹5-7 crore per unit.
Earlier this month, DLF successfully launched and sold out the DLF Privana North housing project in Gurugram, which comprised 1,164 units. The company invested around ₹5,500 crore to develop this 17.7-acre project, which was sold for about ₹11,000 crore. Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF Home Developers, noted that 27 per cent of the demand for this project came from non-resident Indians (NRIs).
The DLF Privana North project is part of a 116-acre integrated township in Sectors 76 and 77, Gurugram. In this township, the company had previously launched and sold out two projects—'DLF Privana West' and 'DLF Privana South'—for around ₹12,800 crore.
DLF, the country's largest real estate firm by market capitalisation, reported a record sales bookings of ₹21,223 crore in the 2024-25 fiscal year, marking a 44 per cent increase from ₹14,778 crore in the preceding financial year. MD Ashok Tyagi recently provided sales bookings guidance for the current fiscal year at ₹20,000-22,000 crore, aligning with the previous financial year's performance.
With the successful launch of the Gurugram project, DLF has already achieved 50 per cent of its annual sales bookings target. On the financial front, DLF's net profit increased to ₹4,366.82 crore during the 2024-25 fiscal year from ₹2,723.53 crore in the preceding year. Total income rose to ₹8,995.89 crore in the last fiscal year from ₹6,958.34 crore in the 2023-24 financial year.
Since its inception, DLF has developed more than 185 real estate projects, covering an area of over 352 million square feet. The DLF Group has a development potential of 280 million square feet across residential and commercial segments, including current projects under execution and the identified pipeline. The group also has an annuity portfolio of over 45 million square feet.
DLF is primarily engaged in the development and sale of residential properties and the development and leasing of commercial and retail properties. The company's move into the Mumbai market with this luxury project underscores its commitment to expanding its footprint in major urban centers and catering to the growing demand for high-end residential properties.
Frequently Asked Questions
When is DLF launching the luxury housing project in Mumbai?
DLF is set to launch the luxury housing project in Mumbai within the next two weeks.
How many units will be available in the first phase of the project?
In the first phase, DLF will develop 416 units across four towers.
What is the expected price range for the apartments in this project?
DLF plans to sell these apartments in a price range of ₹5-7 crore per unit.
What is DLF's sales target for the current fiscal year?
DLF's MD Ashok Tyagi has provided sales bookings guidance for the current fiscal year at ₹20,000-22,000 crore.
What is the total development potential of the DLF Group?
The DLF Group has a development potential of 280 million square feet across residential and commercial segments.
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