DLF Re-enters Mumbai Real Estate Market with 'The Westpark': Details and Insights
Gurugram-based real estate giant DLF Ltd. is set to make a significant return to the Mumbai Metropolitan Region with its new project, 'The Westpark', after a decade-long absence.
DlfMumbai Real EstateThe WestparkAndheri WestReal Estate MarketReal Estate MumbaiJul 17, 2025
Sources have revealed that the pricing for the project is expected to range from ₹37,270 to ₹47,875 per square foot. The carpet area of each apartment is anticipated to be between 1,126 to 1,511 square feet. Based on these figures, the overall cost of an apartment is estimated to be between ₹4.2 crore to ₹7.2 crore.
Analysts who spoke to CNBC-TV18 are optimistic about the project's reception, attributing this to its competitive pricing. DLF's strategic move is expected to attract a significant number of buyers in the competitive Mumbai real estate market.
DLF's return to Mumbai is not without historical context. In 2005, the company acquired a 17-acre land parcel in Mumbai for ₹702 crore. However, the company's need to reduce debt and its strategic shift towards the NCR (National Capital Region) market led to the sale of this land to Lodha Developers in 2012 for ₹2,700 crore. Since then, DLF has not ventured back into the Mumbai market until now.
Mumbai's real estate sector has seen a surge in activity recently, driven by numerous slum rehabilitation and redevelopment projects. Other prominent players in the market, such as Keystone Realtors (Rustomjee), Mahindra Lifespaces, and Puravankara, have also secured projects in this segment, contributing to the market's vibrancy.
The launch of 'The Westpark' is seen as a strategic move by DLF to capitalize on the growing demand for high-quality residential projects in Mumbai. The project is expected to offer a blend of modern amenities and luxurious living, aligning with DLF's reputation for delivering premium real estate solutions.
Shares of DLF have shown a positive trend, closing 1.4% higher at ₹844.95. While the stock has remained relatively flat over the past month, it has gained 2.5% so far this year. This performance reflects investor confidence in DLF's strategic initiatives and market positioning.
As DLF re-enters the Mumbai market, it will be closely watched by industry experts, investors, and potential buyers. The success of 'The Westpark' could set the stage for further expansion and development in the region, solidifying DLF's presence in one of India's most dynamic real estate markets.
Frequently Asked Questions
When is DLF launching its new project in Mumbai?
DLF is set to launch its new project, 'The Westpark', in the Andheri West suburb of Mumbai.
What is the expected price range for apartments in 'The Westpark'?
The pricing for apartments in 'The Westpark' is expected to range from ₹37,270 to ₹47,875 per square foot, with the overall cost of an apartment likely to be between ₹4.2 crore to ₹7.2 crore.
Why did DLF leave the Mumbai market earlier?
DLF left the Mumbai market in 2012 to reduce debt and shift focus to the NCR market. The company sold a 17-acre land parcel in Mumbai to Lodha Developers for ₹2,700 crore.
What other real estate companies are active in Mumbai?
Other prominent real estate companies active in Mumbai include Keystone Realtors (Rustomjee), Mahindra Lifespaces, and Puravankara, which have secured various slum rehabilitation and redevelopment projects.
How has DLF's stock performed recently?
DLF's shares have shown a positive trend, closing 1.4% higher at ₹844.95. The stock has gained 2.5% so far this year, reflecting investor confidence in the company's strategic initiatives.
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