After a decade-long hiatus, DLF Ltd, India’s leading listed real estate developer, has officially re-entered the bustling Mumbai property market. Their latest venture, “Westpark,” is a prestigious ₹900-crore luxury residential project situated in Andheri (West). This move signifies DLF’s renewed confidence in Mumbai’s thriving premium housing sector and marks their first residential development outside the Delhi-NCR region in years.
Developed in collaboration with the Trident Group under the Slum Rehabilitation Authority (SRA) scheme, Westpark is a strategic initiative designed to meet the city’s escalating demand for high-end homes. The expansive 5.18-acre project boasts 416 luxurious apartments, with prices ranging from ₹4 crore to ₹7.5 crore, translating to ₹42,000 to ₹47,000 per square foot. DLF aims for a sales realization of approximately ₹2,300 crore from this ambitious project.
DLF had previously exited the Mumbai market in 2012, selling a significant land parcel in Lower Parel to Lodha Developers. Their return now reflects years of financial strengthening and a deliberate focus on high-margin luxury and super-luxury housing segments. The company’s robust financial performance, with ₹21,223 crore in sales bookings in FY25 and a net profit of ₹4,366.8 crore, further underscores its readiness for this strategic expansion.
This re-entry is perfectly timed with a historic upswing in Mumbai’s real estate market, which has seen record property deals and stamp duty revenues in the first half of 2025. The demand for larger, high-value homes, coupled with interest rate cuts and extensive infrastructure development like the Metro network expansion and the Mumbai Coastal Road, is fueling this buoyancy.
DLF’s cautious yet high-value re-entry, particularly through a well-located SRA project with a trusted partner, highlights a calculated and capital-efficient approach. With plans to launch housing projects worth ₹17,000 crore in the current fiscal year and a target of ₹20,000-22,000 crore for 2025-26, DLF is poised to solidify its pan-India aspirations, with Mumbai being a critical test of this vision.
Source :- Economics Time
