DLF at home in Mumbai, for now

DLF'sre-entry into Mumbai was seen as a litmus test for the Gurugramfocused realty firm.

- HarshaJethmalani [e-mail]

While Mumbai is a highvalue real estate market, it is also intensely competitive, given the presence of large, established developers. A healthy response to phase one of its maiden project, The Westpark in Mumbai's Andheri, suggests DLF has passed the test, for now. The project, a slum rehabilitation development, is being executed in joint venture with the Trident Group.

Housing units worth ₹2,300 crore were fully sold out within a week of its July launch, contributing significantly to DLF's pre-sales for the September quarter (Q2FY26), which jumped over sixfold year-on-year (yo-y)to ₹4,332 crore.

Absorption at its existing ultraluxury project, The Dahlias, also exceeded expectations; 18 units were sold in, taking cumulative sales to 121 units, with the average selling price in the ₹1.25-1.5 lakh per sq. ft range on a carpet-area basis.