Delhi-NCR-based real estate developer DLF Limited is preparing to increase its investments in Mumbai following a strong market response to its first residential project in the city. The company aims to pursue additional developments in India’s largest real estate market, with plans shared by Managing Director Ashok Tyagi and Joint Managing Director Aakash Ohri during the recent Q1FY26 investors’ call.
DLF made its debut in Mumbai’s residential market with The WestPark, a premium housing project in Andheri West. Launched in July 2025, the initial phase quickly sold out all four towers and recorded bookings worth around ₹2,300 crore within weeks. This strong acceptance has encouraged the company to plan further phases and new projects in the region.
Ashok Tyagi explained that the company expects to secure regulatory approvals for the next development phase, covering between 1 million and 2 million square feet, within the next 12 months. Thereafter, DLF intends to add approximately 1 million square feet of residential space every 15 months. Tyagi described the company’s initial Mumbai entry as a controlled experiment that has yielded positive results, providing the confidence to expand further if momentum continues.
Mr. Tyagi also noted that a longstanding dispute related to Mumbai operations has been resolved, removing an obstacle to smooth project execution and future expansions. He emphasized Mumbai as a key growth market beyond DLF’s established areas in the National Capital Region and Chandigarh Tri-City. Mumbai remains the primary location where DLF is seeking to execute and invest in the long term.
Aakash Ohri highlighted the project’s broad appeal across Mumbai, pointing out that buyers came from multiple city locations beyond Andheri West. A significant portion—about 20 percent—of purchasers are Non-Resident Indians, mostly originally from Mumbai. The WestPark project also attracted buyers from the Bollywood fraternity and other prominent local customers.
According to Mr. Ohri, buyers appreciated key project features such as design elements and balcony spaces. DLF has adopted a cautious pricing strategy aligned with local market rates to maintain competitiveness and meet buyer expectations effectively.
DLF’s Mumbai project launch fits within a broader trend of major developers expanding into the city’s real estate sector despite challenges such as land acquisition complexities, regulatory delays, and stiff competition. Mumbai continues to be a vital destination for residential and commercial real estate, driven by its population density and economic activity.
