DLF to Launch Premier Housing Project in Mumbai within Two Weeks
DLF, India's leading real estate developer, is set to launch its first premium housing project in Mumbai's Oshiwara suburb within the next two weeks. The project, priced between Rs 5.5 crore to Rs 7.5 crore, is part of a slum rehabilitation plan with Trident Group.
DlfMumbaiReal EstateHousing ProjectPremium SegmentReal Estate NewsMay 26, 2025
DLF is executing the project as part of a slum rehabilitation plan 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 of the project 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, DLF’s first Mumbai project is expected to mirror the template and amenities of DLF's One Midtown premium development at Moti Nagar in New Delhi. The One Midtown project, which marked DLF's return to the New Delhi market after decades, 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 during Q1FY26. The company had previously attempted to enter the Mumbai market over a decade ago, owning a 17-acre land parcel in Worli. However, to stave off a debt crisis in the early-2010s, DLF sold the land parcel to Macrotech Developers (Lodha Group) for around Rs 2,700 crore, on which the latter developed the Lodha Park project.
Unlike its predominantly luxury-to-ultra-luxury offerings in markets like Gurugram, DLF is not targeting the luxury market in its debut project in Mumbai. Instead, the company is focusing on the premium segment, where it sees more value and potential for higher volumes. Sources from the property market noted that there are some signs of an inventory build-up in the luxury segment, making the premium market a more attractive option.
DLF’s strategic move into the premium segment in Mumbai reflects its commitment to diversifying its portfolio and tapping into new markets. The project is expected to attract a wide range of buyers, from young professionals to families looking for high-quality, well-located residences. The development is poised to set new standards in the Mumbai real estate market, offering a blend of modern amenities and premium living experiences.
Frequently Asked Questions
What is the expected price range for DLF's new housing project in Mumbai?
The apartments in DLF's new housing project in Mumbai are expected to be priced between Rs 5.5 crore to Rs 7.5 crore.
Where is the new DLF housing project located in Mumbai?
The new DLF housing project is located in the suburb of Oshiwara in Andheri (West), Mumbai.
Who is DLF's partner in the slum rehabilitation project in Mumbai?
DLF is executing the project as part of a slum rehabilitation plan with real estate developer Trident Group.
What is the total development potential of the site for DLF's project in Mumbai?
The total development potential at the site is around 3.5 million square feet.
Why is DLF focusing on the premium segment in its debut project in Mumbai?
DLF is focusing on the premium segment because it sees more value and potential for higher volumes in this market segment, as opposed to the luxury segment where there are signs of inventory build-up.
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