DLF Limited Projects

DLF Limited projects in Mumbai

DLF's Arrival in Mumbai: Nearly Eight Decades in the Making

DLF traces its origins to 1946, when Chaudhary Raghvendra Singh established Delhi Land and Finance in New Delhi. The company sold its first plot in Gurgaon in 1985, completed DLF Centre in New Delhi in 1991, and delivered its first condominium, Silver Oaks, in Gurgaon in 1993. Today DLF is the largest publicly listed real estate company in India, with residential, commercial, and retail properties spanning 15 states and 24 cities. Despite that national scale, Mumbai — India's largest residential market by transaction volume — was conspicuously absent from DLF's active portfolio for years. That changed in 2025.

DLF The Westpark is DLF's first-ever residential project in Mumbai, developed in partnership with Trident Group. The successful re-entry into the Mumbai market with The Westpark demonstrates an innovative approach to market penetration and product absorption. For buyers who have tracked DLF's trajectory across Gurugram and Delhi NCR, The Westpark is the first opportunity to hold a DLF address in Maharashtra.

The Westpark: What DLF Is Building at Oshiwara

Located on New Link Road, Oshiwara, the project spans 18 acres in its master plan, with Phase 1 covering approximately 5.2 acres. Phase 1 comprises four towers (T2–T5), each with four basements, ground floor, podium, Eco Deck, and 36 habitable floors — equivalent to G+39 storeys — housing a total of 416 luxury residences.

The project offers 3 BHK, 4 BHK, duplexes, and penthouses with carpet areas ranging from 1,125 sq ft to 2,239 sq ft. Homes are Vastu-compliant with no back-facing units, central VRF air-conditioning, double-glazed sound-insulated windows, imported marble flooring, private spacious decks, and smart home integration with built-in USB charging. Premium units include private elevators and servant accommodation.

Spread across a 6,000 sq mt landscaped Eco Deck with 80% open and green areas, the project includes a 50,000 sq ft grand clubhouse, half-Olympic swimming pool, aqua gym, aerial yoga studio, bowling alley, rooftop café, spa, jacuzzi, sky lounge, and 50+ amenities. Master planning is handled by HB Design, with structural engineering by Thornton Tomasetti.

Registration and Possession

The project is registered with MahaRERA under number PR1181012500079, with Pegeen Builders & Developers Pvt Ltd as the registered promoter, and is currently under construction with possession scheduled for June 2032.

Oshiwara, New Link Road: Why DLF Chose This Address

DLF does not pick locations arbitrarily. Its Gurugram portfolio — from DLF City's 3,000-acre integrated township to the ultra-luxury Dahlias in DLF 5 — shows a consistent pattern: dominant locations within their respective cities, where infrastructure density is established and land scarcity is structural. Oshiwara on New Link Road fits that logic in Mumbai's western suburbs.

The Westpark has proximity to the Western Express Highway, Andheri Railway Station, Oshiwara Metro Station, and DN Nagar Metro Station. Metro Line 2A (DN Nagar–Dahisar) is fully operational, and Metro Lines 7 and 7A are enhancing east-west and airport connectivity. The site sits 0.9 km from Oshiwara Metro Station, 4 km from Andheri Railway Station, and approximately 7–8 km from Chhatrapati Shivaji Maharaj International Airport.

Immediate retail landmarks include Infiniti Mall at approximately 600 m, Fun Republic Mall at 2 km, Citi Mall at 1.5 km, and Lokhandwala Market at 2 km. Versova Beach is 3.5 km away and Juhu Beach is accessible within a short drive. On the healthcare and education front, Kokilaben Dhirubhai Ambani Hospital is 2.5 km away, Criticare Hospital is 3 km, and schools including JBCN International and Billabong High School are within 5 km.

The Andheri West Market DLF Is Entering

Average property rates in Andheri West stand at approximately ₹39,350 per sq ft. Flat rates in the locality have appreciated 9% in the past year, 15.9% over three years, and 20.2% over five years. At the premium end — around the Versova and Lokhandwala stretch — rates range from ₹38,000 to ₹55,000 per sq ft.

Average asking prices within The Westpark specifically rose from ₹35,800 to ₹41,100 per sq ft in Q3 2025 alone, a 14.80% quarter-on-quarter rise. Andheri West's average property price of approximately ₹38,500 per sq ft, combined with The Westpark's location opposite Infiniti Mall and near Oshiwara Metro, positions the project in the top demand zone of the submarket.

The area recorded over 7,000 unit sales in 2023, while developers launched more than 12,000 new residential units between 2022 and 2024. Ongoing infrastructure development — particularly metro expansion — is pushing capital values upward. DLF's specification standard, including VRF AC systems, wellness zones, private lounges, and creche facilities, enhances tenant appeal among expats, CXOs, and global corporates seeking premium rentals in West Mumbai.

DLF's Financial Footing Behind This Launch

The Mumbai entry is not a speculative foray. DLF posted record-breaking pre-sales of ₹21,223 crore in FY25 — a 44% rise from ₹14,778 crore in FY24. Consolidated revenue reached ₹8,996 crore in FY25, marking a 29% year-on-year increase. The company generated a net cash surplus of ₹5,302 crore, improving its net cash position to ₹6,848 crore at fiscal year-end. For FY27, DLF is targeting sales bookings of ₹20,000 crore based on a strong launch pipeline across Gurugram, Mumbai, and Goa.

DLF has developed more than 185 real estate projects covering an area exceeding 352 million square feet. The company's rental business has received over 40 LEED Zero Water certifications from the US Green Building Council across 40 million square feet — the highest in the category. The Westpark arrives in Mumbai carrying that institutional track record, which is part of what distinguishes a DLF launch from a developer making its first delivery.

What a DLF Buyer Is Getting in This Context

  • Low tower density — only 8 towers across 18.5 acres — provides ample open space and better ventilation for residents.
  • No back-facing units across the entire project; all homes are Vastu-compliant with double-glazed, sound-insulated windows.
  • More than 65 amenities, including a high-end clubhouse, gym, indoor and outdoor courts, yoga and meditation areas, banquet hall, and landscaped gardens.
  • The project is developed jointly with the Trident Group as part of a Slum Rehabilitation Authority scheme.
  • Starting price is ₹5.63 crore onwards.

Frequently Asked Questions

Why is Mumbai considered one of India's strongest real estate investment destinations?+
Mumbai is India's financial capital, generating sustained demand across residential and commercial segments from a large, diversified workforce spanning finance, banking, technology, and entertainment. Housing unit sales in Mumbai grew 16% year-on-year in the first half of 2024 compared to the same period in 2023, and the city recorded over 1,11,939 property registrations in the first nine months of 2025 alone. Institutional investment in Mumbai's real estate crossed USD 1.2 billion in the first nine months of 2025, with two-thirds of that capital originating from overseas investors, underlining the depth of global confidence in the market.
Which residential localities in Mumbai offer the best combination of liveability and investment potential?+
Mumbai's residential map is broadly divided into four tiers. South Mumbai — covering Malabar Hill, Marine Drive, Worli, and Cuffe Parade — commands the highest prices and attracts high-net-worth and legacy buyers. The western suburbs, anchored by Bandra West, Juhu, and Andheri, offer strong connectivity, vibrant retail, and a deep rental market. Central pockets like Powai and Vikhroli draw technology and finance professionals and carry average asking rates around Rs 27,000 per sq ft as of 2025. Peripheral nodes such as Thane, Navi Mumbai, and Panvel are gaining ground through infrastructure investment and relative affordability, with Thane recording a 46% rise in average residential prices between Q2 2022 and Q2 2025.
What infrastructure projects are reshaping connectivity across Mumbai right now?+
Mumbai is running one of the most ambitious urban infrastructure programmes in Asia. The Mumbai Trans Harbour Link — India's longest sea bridge — has cut the Sewri–Nhava Sheva crossing to under 20 minutes, directly stimulating residential and commercial demand in Navi Mumbai and Panvel. The metro network, currently operational across 58.9 kilometres on four corridors, is planned to reach 337.1 kilometres across 12 lines, connecting distant suburbs from Dahisar and Mira Road in the north to Colaba in the south. The Coastal Road project has also meaningfully reduced travel times along the western seafront, lifting property values in South Mumbai micro-markets like Worli and Marine Drive.
What are the current residential property price trends in Mumbai?+
Mumbai holds the highest average residential asking rate among Indian cities, recorded at approximately Rs 26,975 per sq ft in 2025. At the micro-market level, prices in premium South Mumbai addresses — Malabar Hill, Marine Drive, and Cuffe Parade — exceed Rs 46,000 per sq ft, while established mid-market suburbs such as Ghatkopar and Mulund trade in the Rs 17,000–22,000 per sq ft band. The Mumbai Metropolitan Region posted 8% year-on-year residential price growth in 2024, and luxury sales — defined as properties above Rs 1 crore — now account for over 60% of total housing transactions across the region.
How does Mumbai's commercial market support long-term residential demand in the city?+
Mumbai's office market recorded approximately 6.6 million sq ft of gross leasing in Q1 2026, the highest quarterly figure on record, driven by BFSI firms (44% share) and Global Capability Centres (over 30% of leasing). This sustained occupier demand keeps professional in-migration into the city elevated, directly reinforcing rental and ownership demand for residential units in employment corridors such as BKC, Lower Parel, Powai, and Andheri-Kurla Road. With office vacancy declining to approximately 9.2% and rentals continuing to rise, the commercial backbone that underpins Mumbai's housing market remains structurally sound.
What lifestyle and social infrastructure does Mumbai offer residents across different neighbourhoods?+
Mumbai's scale means institutions of every tier coexist within a compact geography — from the Indian Institute of Technology Bombay in Powai and the Tata Memorial Centre for oncology in Parel, to the cultural institutions of South Mumbai including the National Centre for the Performing Arts. The Jogeshwari–Borivali belt recorded flat sales worth Rs 40,000 crore in FY 2024–25, reflecting how deeply mid-market buyers value the western suburbs for their schools, malls, and entertainment infrastructure. Peripheral suburbs such as Thane offer lakeside townships, organised retail, and improving metro connectivity, giving buyers a range of lifestyle propositions from dense urban living to low-rise, green-edged communities within the same metropolitan region.
How do Mumbai's property registration volumes signal the health of its real estate market?+
Property registrations in Mumbai have become a closely watched indicator of underlying demand. In January 2025 alone, over 9,200 registrations were recorded, generating Rs 740 crore in stamp duty revenue. By September 2025, cumulative stamp duty collections for the year were on course to cross Rs 10,000 crore for the first time in the city's history — a 47% year-on-year increase in that month. FY 2024–25 also saw the highest-ever annual residential sales in Mumbai's recorded history, with 49,191 housing units transacted at a combined value of Rs 1,24,138 crore.
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