DLF Set to Launch First Mumbai Housing Project

29 May 2025 CW Team

DLF Limited, India's largest listed real estate developer, is poised to launch its inaugural residential project in Mumbai within the next fortnight. Situated in the Oshiwara locality of Andheri West, this premium development marks DLF's re-entry into the Mumbai market after more than a decade. The project is being executed in collaboration with the Trident Group under the Slum Rehabilitation Authority (SRA) scheme.

The first phase of the project encompasses approximately 0.9 million square feet of saleable area, with apartments priced between ₹5.5 crore and ₹7.5 crore (approximately £520,000 to £710,000). The entire development has a potential of around 3.5 million square feet. DLF is overseeing the construction, sales, and financial aspects of the free-sale component of the project.

According to company sources, the Mumbai project is expected to mirror the template and amenities of DLF's One Midtown development in New Delhi, which offers two, three, and four-bedroom homes. Unlike its ultra-luxury offerings in markets like Gurugram, DLF aims to position this Mumbai project in the premium segment, targeting a broader customer base.

DLF's Chief Business Officer, Aakash Ohri, indicated during the company's Q4 FY25 earnings call that the launch is anticipated in the first quarter of FY26. The company had previously attempted to enter the Mumbai market over a decade ago but sold its 17-acre land parcel in Worli to Macrotech Developers (Lodha Group) to mitigate debt, which later developed the Lodha Park project.

This new venture signifies DLF's strategic expansion into Mumbai's competitive real estate landscape, focusing on premium housing to cater to the city's growing demand.

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