DLF Ltd, India’s largest listed real estate developer, has re-entered the Mumbai market with its luxury residential project, The Westpark, located in Andheri West. This marks DLF’s first venture in Mumbai after over a decade, highlighting its renewed focus on the city’s upscale real estate segment.
Project Overview
The Westpark spans 5.18 acres and comprises 416 high-end apartments. The first phase features four 37-storey towers, offering 3 and 4 BHK units ranging from 1,125 to 2,500 sq. ft. The project is developed in partnership with Trident Group under the Slum Rehabilitation Authority (SRA) scheme. DLF holds a 51% stake in the special purpose vehicle developing the project, with Trident holding the remaining 49%.
Strategic Pricing Approach
DLF has adopted a cautious pricing strategy for this project, aligning with prevailing market rates in Andheri West. The apartments are priced between ₹4 crore and ₹7.5 crore, translating to ₹37,500 to ₹54,000 per sq. ft., depending on factors like floor rise and unit views. This approach aims to ensure affordability while maintaining the project’s premium positioning.
Market Context
Andheri West is one of Mumbai’s most sought-after residential areas, known for its upscale communities and high real estate prices. According to ANAROCK Group, average residential prices in Andheri West have appreciated 52% between 2019 and Q1 2025, from approximately ₹31,253 per sq. ft. to ₹47,350 per sq. ft. This growth reflects strong demand and infrastructure development in the region.
Future Prospects
DLF plans to launch the second phase of The Westpark in the coming months, with expectations to command a premium price based on the project’s success and market response. The developer’s cautious yet confident approach aims to establish a strong foothold in Mumbai’s competitive luxury real estate market.
Conclusion
DLF’s strategic pricing and phased development in Andheri West reflect a well-considered entry into Mumbai’s luxury real estate market. By aligning with local market dynamics and focusing on quality, DLF aims to meet the aspirations of discerning homebuyers while ensuring sustainable growth in the city’s upscale housing sector.
