Real estate giant DLF Ltd. is poised to enter the Mumbai residential market with the launch of its first project in the city, "The Westpark," on July 17. Located in Andheri's Oshiwara area, the project marks DLF's debut in one of the country's most competitive and expensive real estate markets. This move signifies a strategic expansion for the Gurugram-based developer, known for its luxury offerings in the Delhi-NCR region.
The first phase of "The Westpark" will introduce over 400 premium apartments, priced between Rs 5.5 crore and Rs 7.5 crore. Registration details reveal that the phase will comprise four towers, each 44 stories high, with 37 habitable floors. The remaining floors will be dedicated to amenities, parking, and essential services, showcasing DLF's focus on integrated, high-end urban living. The approved first phase of the project will offer 3, 4, and 5 BHK apartments, along with a limited number of studio units. Apartment sizes range from 1,048 sq. ft. to 2,278 sq. ft., while the five studio units each measure around 236 sq. ft.
DLF's entry into Mumbai's premium segment occurs when demand for luxury housing is rising. Analysts suggest that introducing "The Westpark" could influence pricing and demand trends in the premium sector. The project is expected to attract interest from domestic and international buyers seeking high-end residential options, potentially setting new benchmarks for luxury standards in the city.
The project is being executed in partnership with the Trident Group as part of a slum rehabilitation initiative. Trident will handle land clearance and construction of rehabilitation units for existing slum dwellers, while DLF will take on the free-sale component, expected to span approximately 9 lakh square feet. The land parcel has a total development potential of around 3.5 million square feet. The project is spread across 5.18 acres and will have a total of eight towers. It will have a club of 50,000 sq ft and is located on the link road in Andheri West, close to the Oshiwara Metro station. DLF announced its re-entry into the Mumbai real estate market in July 2023.
DLF Andheri West is designed as a thoughtfully planned urban enclave spread across an expansive 5.34-acre land parcel. The 3 BHK residences come in thoughtfully designed configurations, offering RERA-compliant carpet areas of 1125, 1350, and 1550 sq. ft. The project is slated for completion by June 2032, with the four RERA-approved towers planned on a plot area of 7,788 sq. metres. Investor interest appears strong.
DLF's foray into Mumbai aligns with its broader strategy to expand its footprint in major Indian cities. Historically, DLF has focused on the Delhi-NCR region, but with Mumbai being the country's financial hub, the company sees significant growth opportunities. This strategic move aims to capture the attention of high-net-worth individuals and expand its presence in a competitive field. The company's entry will likely encourage further investment and development in the area, potentially transforming the local real estate landscape. DLF Andheri West presents an unmatched value proposition for luxury homebuyers and investors alike. Given DLF's brand legacy, the premium location, and the scale of the development, this project is poised to become one of Mumbai's most coveted addresses.
