DLF Returns to Mumbai with ₹900 Cr Luxury Project, Westpark

DLF, India’s largest real estate developer, has officially marked its return to the Mumbai property market with the launch of Westpark, a luxury residential project in Andheri (West).

The project, being developed in partnership with NCR-based Trident Group, involves an investment of approximately ₹900 crore and will offer 416 premium apartments. Spread across 5.18 acres, the residences are priced between ₹4 crore and ₹7.5 crore, with per square foot rates ranging from ₹42,000 to ₹47,000. The total projected sales revenue from the development is estimated at ₹2,300 crore.

“We plan to launch around 200 units initially,” said Aakash Ohri, Joint Managing Director of DLF Home Developers. “However, depending on market response, we may release all 416 units for sale.”

The project is being executed under a Slum Rehabilitation Authority (SRA) scheme through a special purpose vehicle (SPV), in which DLF holds a 51% stake and Trident Group holds the remaining 49%.

DLF had exited the Mumbai market in 2012, when it sold a 17-acre land parcel in Lower Parel to Lodha Developers for ₹2,700 crore.

News by Rahul Yelligetti.