MUMBAI: DLF, the country’s most valued and largest real estate developer, has finally re-entered the nation’s costliest realty market with a 415-unit premium project in Mumbai, which is coming up on a 10-acre plot at an investment of Rs 900 crore for the first phase. The project will have four 44-storey towers developed with Trident Realty in a 51:49 joint venture.
Named The Westpark, the first phase of its debut project in Mumbai is coming up in the tony Oshiwara, Andheri (West) area and will command Rs 4.5 to 8 crore per unit depending on the carpet area that varies from 1120-1,525 sqft, Aakash Ohri, the joint managing director and chief business officer of DLF, told reporters here Thursday.
The absence of the premium builder of residences, malls, office spaces and hospitality projects from the country’s most sought-after realty market has been conspicuous. In fact the company had bought an NTC land parcel in south Mumbai for about Rs 700 crore in 2002 but could not develop it even in a decade and sold it to the Lodhas, the city’s largest builder, for around Rs 2000 crore. This was part of the Delhi-Gurugram-bound DLF’s land buys in 21 other cities.
Being a slum redevelopment project, Trident Realty has already executed the first of the two 40-storey towers for the 4,500 original residents of the area and 2500 residents have been allocated their new homes. The second tower will come up before DLF begins the second phase of the project, he added.
Ohri said the initial phase of the first phase has a sales potential of Rs 2,300 crore in the first year and another Rs 2,300 crore in the second year. On completion of the entire project, it will fetch them a little over Rs 10,000 crore in sales at the current market price, which is around Rs 42,500 per sqft.
While the groundwork for the first two towers is already underway, the remaining two towers are expected to be launched over the coming weeks—when it will formally launch sales.
The first phase comprises 416 three-bedroom apartments, priced between Rs 4.8 crore and Rs 8 crore, depending on configuration and the floor elevation. For a change, DLF is offering finished apartments (which means they have flooring and doors and windows) as against its normal way of selling bare-shell units. There are also a few four-bedroom penthouses.
The Westpark is being developed on a 5.18-acre parcel as part of a larger 10-acre slum rehabilitation project. DLF has partnered with Trident Realty, which is managing the rehabilitation component, including land clearance and construction for existing slum residents.
"We're raising the bar on customer expectations, and our upcoming launches in Mumbai and future phases of The Dahlias in Gurugram will reflect our commitment to refined living," Ohri said, adding that the Westpark will dramatically change the paradigm of fine living with five-star amenities. Though for DLF, the Mumbai project is only premium and not luxury or ultra luxury like most of its upcoming projects in Gurugram that are fetching Rs 75-125 crore apiece.
"Our intent is to do more such game changing projects in Mumbai. We already have more than a dozen proposals but before we sign any new project we want to deliver on our commitments to our first customers here and show them that we have the capabilities to deliver what we promise here and have already been doing elsewhere,” Ohri said when asked about their future plans for Mumbai.
Strategically located off the Link Road in Andheri West, the project offers access to transport corridors such as the Western Express Highway, SV Road, New Link Road, and infrastructure projects like the elevated JVLR corridor and the Coastal Road. Meanwhile, the Mumbai re-entry is part of a broader expansion plan as it's also preparing to launch a residential project in Goa in the second half of FY26.
The financial capital is the largest residential market by sales, and DLF wants to double down in this high-value market. In H1 FY25, Mumbai topped both in terms of sales and volume at 47,035 units sold, according to Knight Frank data. It also led the country in the Rs 1-5 crore segment, selling 15,270 units.
The Westpark is designed by HB Design (architecture), Thornton Tomasetti (structural engineering), Blink (interiors), and SHMA (landscaping). The project includes a 1.46-acre landscaped podium, a 25-metre pool, a 1.2-km walking track, and yoga and sports zones and club houses and restaurants. It also has a 50,000 sqft wellness and recreation hub, including fitness studios, meditation decks, co-working zones, lounges, and activity areas for children and seniors. Leisure features include a bowling alley, VR gaming zone, and indoor badminton court.