DLF Secures Rs 2,300 Crore Pre-Sale in Phase-1 of Mumbai Project
DLF Home Developers Ltd, a major player in the Indian real estate market, has generated Rs 2,300 crore in pre-sales from the first phase of its Mumbai project, marking a significant achievement in the company's expansion strategy.
Real EstateDlfMumbaiPresalesProperty SalesReal Estate MumbaiJul 25, 2025
In July 2023, DLF acquired a 51% stake in the Special Purpose Vehicle (SPV) that will develop around 3.5 million square feet in Andheri West, Mumbai. The first phase of the project involves the development of approximately 900,000 square feet. This is a slum rehabilitation project, with more land expected to be made available gradually.
“We had initially opened two of the four towers for sale but after receiving an overwhelming response, we decided to sell the remaining inventory as well. We managed to sell the entire phase in just five days,” said Aakash Ohri, Joint Managing Director and Chief Business Officer at DLF Homes.
The Westpark project spans 5.18 acres and is part of a larger 10-acre master plan. The development will consist of eight towers, with the first phase introducing four towers, each rising 37 storeys and offering a total of 416 residences. The homes include a mix of spacious 3 and 4 BHK residences ranging from 1,125 to 2,500 square feet (carpet area), along with a limited number of exclusive penthouses.
Approximately 20% of the buyers are Non-Resident Indians (NRIs). DLF reported $421 million in sales from NRIs in the last fiscal year, up from $408 million in FY24. The company's new sales bookings for FY25 reached Rs 21,223 crore, surpassing its earlier guidance of Rs 17,000 to 18,000 crore.
For the March quarter, DLF reported a net profit of Rs 1,268 crore, a 37% increase from the previous year. For the full fiscal year, DLF’s consolidated net profit rose 59% to Rs 4,357 crore, while consolidated revenue grew to Rs 8,996 crore.
The company had previously outlined plans to launch 37 million square feet of new projects from FY25 onwards, with a total sales potential of Rs 114,500 crore. Of this, 35% was launched in the last fiscal year, and another 15% is scheduled for FY26.
DLF’s robust performance defies concerns of a broader industrywide sales downturn, with developers reporting a decline in property sales after a two-year bull run. This success underscores DLF’s strong market position and its ability to navigate challenging market conditions effectively.
Frequently Asked Questions
What is the significance of DLF's entry into the Mumbai market?
DLF's entry into the Mumbai market is significant because it marks the company's strategic expansion into one of India's most lucrative real estate markets, which is expected to drive substantial growth and revenue.
How much did DLF generate in pre-sales from the first phase of the Mumbai project?
DLF generated Rs 2,300 crore in pre-sales from the first phase of its Mumbai project.
What is the size of the Westpark project in Andheri West, Mumbai?
The Westpark project in Andheri West, Mumbai, spans 5.18 acres and is part of a larger 10-acre master plan.
What percentage of the buyers in the Westpark project are NRIs?
Approximately 20% of the buyers in the Westpark project are Non-Resident Indians (NRIs).
What are DLF's plans for future project launches?
DLF plans to launch 37 million square feet of new projects from FY25 onwards, with a total sales potential of Rs 114,500 crore. Of this, 35% was launched in the last fiscal year, and another 15% is scheduled for FY26.
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