DLF Set to Launch First Mumbai Housing Project
Real Estate

DLF Set to Launch First Mumbai Housing Project

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement