India’s largest real estate developer, DLF Ltd, is making a significant foray into Mumbai’s competitive luxury housing market with an ambitious ₹2,500 crore residential project in Andheri. This marks a major milestone for the Gurugram-based firm as it expands beyond its stronghold in North India into the country’s financial capital.
A Landmark Launch in Andheri
DLF is poised to launch more than 400 luxury homes in the first phase of its maiden Mumbai project. Scheduled for unveiling within the next two weeks, this project will include 416 units across four residential towers, offering spacious, premium apartments priced between ₹5-7 crore per unit.
The project is a joint development with Delhi-based Trident Realty and has already received full RERA clearance, signaling regulatory confidence and smoother onboarding for buyers.
Strategic Expansion after Gurugram Sellout
This Mumbai entry follows the blockbuster success of DLF Privana North in Gurugram, which was launched and completely sold out earlier this month. That project comprised 1,164 units and generated about ₹11,000 crore in sales from a ₹5,500 crore investment, reflecting extremely high demand.
The Privana series, part of a 116-acre integrated township in Sectors 76 and 77, has already seen successful launches of DLF Privana West and DLF Privana South, together selling for ₹12,800 crore last year.
“We are encouraged by the strong buyer response. Around 27% of our buyers in Privana North were Non-Resident Indians (NRIs),” said Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF Home Developers.
Sales Milestones and Growth Forecast
DLF reported record-breaking sales bookings of ₹21,223 crore in FY 2024-25, representing a 44% jump from the previous year’s ₹14,778 crore. The company has already clocked 50% of its FY26 sales target, thanks to the rapid absorption of its recent Gurugram launch.
Financial Highlights
- Net Profit FY 2024-25: ₹4,366.82 crore (up from ₹2,723.53 crore)
- Total Income FY 2024-25: ₹8,995.89 crore (up from ₹6,958.34 crore)
With 280 million sq ft of development potential in the pipeline and an annuity portfolio of 45 million sq ft, DLF’s strategic expansion into Mumbai complements its robust nationwide presence.
Quick Facts Table
| Key Detail | Information |
|---|---|
| Project Location | Andheri, Mumbai |
| Project Type | Luxury Residential |
| Development Partner | Trident Realty |
| No. of Units (Phase 1) | 416 Units in 4 Towers |
| Pricing Range | ₹5–7 crore per unit |
| Investment (Mumbai Project) | Approx. ₹2,500 crore |
| Launch Timeline | Within next 2 weeks |
| Regulatory Approval | RERA Approved |
| Recent Gurugram Project Sales | ₹11,000 crore (Privana North) |
| FY25 Sales Bookings | ₹21,223 crore (44% YoY growth) |
| FY25 Net Profit | ₹4,366.82 crore |
FAQ
1. What is the significance of DLF’s Mumbai project?
It marks DLF’s entry into Mumbai’s residential market, showcasing its intent to expand into India’s most lucrative urban real estate zones.
2. Where is the Mumbai project located?
The project is in Andheri, a prominent western suburb of Mumbai with excellent connectivity and high demand for luxury housing.
3. How many units will be developed in the first phase?
DLF plans to launch 416 apartments across four towers in the initial phase.
4. What is the expected price range of these apartments?
Units will be priced between ₹5 crore and ₹7 crore, targeting the premium homebuyer segment.
5. How has DLF performed in terms of recent sales?
DLF recorded ₹21,223 crore in sales bookings for FY 2024-25, with strong momentum from projects like DLF Privana North in Gurugram.