DLF Launches ₹2,500 Crore Luxury Housing Project in Mumbai’s Andheri
DLF Ltd, India's leading real estate company, is set to launch a high-end housing project in Mumbai's Andheri. The ₹2,500 crore project will see the construction of over 400 homes, with each unit priced between ₹5-7 crore.
DlfLuxury HousingMumbaiAndheriReal EstateReal Estate NewsJun 22, 2025
The upcoming project marks DLF's foray into Mumbai's residential market. The company has received all regulatory approvals for the launch, including Real Estate Regulatory Authority (RERA) clearance. The first phase will comprise four towers with a total of 416 units. This is part of DLF's strategy to expand its footprint in India's top cities and meet rising demand for premium housing.
Earlier this month, DLF launched its DLF Privana North housing project in Gurugram. DLF plans to invest approximately ₹5,500 crore in developing this 17.7-acre project. Interestingly, this 1,164-unit development has already been completely sold out for around ₹11,000 crore. Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF Home Developers, revealed that 27% of the demand for this project came from non-resident Indians (NRIs).
DLF reported record sales bookings of ₹21,223 crore in the 2024-25 fiscal year, a 44% increase from ₹14,778 crore in the previous fiscal. The company's MD, Ashok Tyagi, has set a sales bookings guidance for this fiscal year at ₹20,000-22,000 crore. This is nearly on par with last year's figures. DLF's net profit also jumped to ₹4,366.82 crore during FY24-25 from ₹2,723.53 crore in FY23-24.
DLF's strategic focus on premium housing and its robust financial performance highlight the company's commitment to delivering high-quality real estate solutions. The launch of the Andheri project is expected to further strengthen DLF's position in the luxury housing market, catering to the growing demand for premium living spaces in Mumbai.
Frequently Asked Questions
What is the total investment for DLF's new project in Andheri?
The total investment for DLF's new luxury housing project in Andheri is ₹2,500 crore.
How many homes will be constructed in the first phase of the project?
The first phase of the project will see the construction of over 400 homes.
What is the expected price range for the units in the Andheri project?
Each unit in the Andheri project is expected to be priced between ₹5-7 crore.
What regulatory approvals has DLF obtained for the project?
DLF has obtained all regulatory approvals, including Real Estate Regulatory Authority (RERA) clearance, for the project.
What is DLF's sales booking guidance for the current fiscal year?
DLF's sales booking guidance for the current fiscal year is set at ₹20,000-22,000 crore.
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