DLF Returns to Mumbai With ₹1,000-Cr Project

The firm had exited the city over a decade ago due to real estate downturn

- Madhurima Nandy

LF Ltd, India's largest real estate developer, has entered Mumbai, the country's most valuable property market, with its maiden residential project, after a spate of successful launches on its home turf Gurugram.

The company will invest around ₹1,000 crore to develop the first phase of the project in suburban Andheri (West), which is expected to clock ₹2,300 crore of pre-sales.

The Westpark project will be developed on a 5.18-acre land parcel, part of a larger 10-acre slum rehabilitation project.

DLF and its partner Trident Realty are jointly developing it.

DLF launched two of the four planned 37-storey towers in the first phase, offering three- and four-bedroom units priced at ₹5-8 crore.

Four-bedroom penthouses will be priced at ₹14-15 crore.

The first two towers are expected to be completed in four years.

This marks DLF's re-entry into the Mumbai property market.