DLF Set to Launch First Mumbai Housing Project in Next Two Weeks
India's leading real estate developer DLF is expected to launch its premium housing project in Mumbai’s Oshiwara suburb in the next two weeks. The project, part of a slum rehabilitation plan with Trident Group, is priced between Rs 5.5 crore to Rs 7.5 crore.
DlfMumbaiReal EstateHousing ProjectSlum RehabilitationReal EstateMay 27, 2025
The company is expected to price the apartments in this project between Rs 5.5 crore to Rs 7.5 crore. DLF is executing the project as part of a slum rehabilitation plan in collaboration with real estate developer Trident Group. The total development potential at the site is around 3.5 million square feet, with the first phase of the free-sale component covering approximately 9 lakh square feet.
DLF is responsible for the development and sale of the free-sale component. According to sources within the company, the project is expected to mirror the template and amenities of DLF's One Midtown premium development in Moti Nagar, New Delhi. The One Midtown project offers apartments of various sizes, including two, three, and four-bedroom homes, priced between Rs 3.5 crore to Rs 9.5 crore.
DLF's Chief Business Officer, Aakash Ohri, confirmed during the company's Q4FY25 earnings call that the project in Mumbai is expected to launch in Q1FY26. The company had previously attempted to enter the Mumbai market over a decade ago with a 17-acre land parcel in Worli. However, to address a debt crisis in the early 2010s, DLF sold the land parcel to Macrotech Developers (Lodha Group) for around Rs 2,700 crore, which was later developed into the Lodha Park project.
Unlike DLF's predominantly luxury-to-ultra-luxury offerings in markets like Gurugram, the company is not targeting the luxury market for its debut project in Mumbai. Instead, it is focusing on the premium segment. Sources from the property market suggest that DLF sees more value and potential in the premium segment, noting some signs of an inventory build-up in the luxury market.
This strategic move is expected to position DLF well in the Mumbai real estate market, leveraging its reputation and experience to attract a broader range of buyers. The project is anticipated to be a significant milestone for DLF, marking its return to one of India's most competitive and lucrative real estate markets.
Frequently Asked Questions
When is DLF expected to launch its first Mumbai housing project?
DLF is expected to launch its first Mumbai housing project in the next two weeks.
What is the price range of the apartments in DLF's Mumbai project?
The apartments in DLF's Mumbai project are expected to be priced between Rs 5.5 crore to Rs 7.5 crore.
What is the total development potential of the project site?
The total development potential at the project site is around 3.5 million square feet.
Who is DLF collaborating with for this project?
DLF is collaborating with real estate developer Trident Group for this project.
What segment of the market is DLF targeting with this project?
DLF is targeting the premium segment of the market with this project, rather than the luxury market.
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