DLF's Mumbai Debut Sells Rs. 2,300 Cr in a Week

Delhi-NCR-based real estate developer DLF has reported strong results from its debut in the Mumbai real estate market, calling the move a success and a confidence booster for future projects in India’s financial capital.

During its Q1FY26 investor call, Managing Director Ashok Tyagi confirmed that DLF expects approvals for the next 1–2 million sq ft of development within 12 months and aims to add about 1 million sq ft every 15 months thereafter.

Key Highlights

• DLF’s debut Mumbai project sells Rs. 2,300 crore in Phase 1
• 20 percent of buyers are NRIs; Bollywood celebrities among investors
• Company eyes steady Mumbai expansion with next 1–2 million sq ft

Tyagi said, “Phase 1 has gone off very well and it clearly gives us more confidence,” adding that DLF has also resolved an old dispute in Mumbai, opening the door for potential long-term investments in the city — which he called the country’s largest real estate market after NCR and Chandigarh Tri-City.

The company’s first Mumbai project, The WestPark in Andheri West, launched on July 17, 2025, sold out all four towers under Phase 1 in just over a week, generating Rs. 2,300 crore in sales bookings. About 20 percent of buyers were NRIs, primarily those with roots in Mumbai, alongside members of the Bollywood fraternity.

"Mumbai, I think business came from all over. In fact, I was told that Mumbai doesn't even shift PIN codes, but we have business in the South, we have business from all over. We had a massive, massive broker support in Mumbai, who kind of got business from everywhere. The DLF brand prevailed," Aakash Ohri, Joint Managing Director and Chief Business Officer, DLF Home Developers had said.

"So, I think what prevailed there was definitely a very solid futuristic product, very thought after. People love the balconies. People loved every attribute of what we had to present there. So that was very heartening to see," Ohri said.

Also Read: DLF to Invest INR 23,500 Cr in Ongoing Housing Projects

DLF is now considering a second project in Mumbai but will proceed strategically to ensure success. The company views its current entry as a “controlled experiment” and is optimistic about expanding its footprint in the high-potential Mumbai property market.