&w=3840&q=100)
DLF-Trident JV sells ₹2,300 Cr worth luxury flats in Mumbai in just 7 days
Developed under a Slum Rehabilitation Authority (SRA) scheme in Andheri West, The Westpark marks DLF's strategic re-entry into the Mumbai market after over a decade. The joint venture, in which DLF holds 51% and Trident 49%, launched the first phase of the 5-acre project at a premium pricing of ₹42,000–₹47,000 per sq ft, with apartments priced between ₹4 crore and ₹7.5 crore.
"Mumbai has always been a key component of our national growth strategy. With The Westpark, we are proud to offer a development that resonates with the aspirations of the city's discerning residents," said Aakash Ohri, Joint MD and Chief Business Officer, DLF Home Developers Ltd.
The duo plans to invest ₹900 crore in building the project, which sold out entirely within days, signalling robust demand for luxury homes in India's financial capital.
This is not the first time DLF has hit a home run this year. Just last month, it sold out 1,164 units in its Gurugram project DLF Privana North for approximately ₹11,000 crore. Together, the Mumbai and Gurugram launches have helped DLF cross 50% of its annual sales booking guidance of ₹20,000–₹22,000 crore in the first few months of FY26. DLF's previous stint in Mumbai real estate included a 17-acre land deal with Lodha Developers for ₹2,700 crore in 2012 and a short-lived JV with Akruti City. But the company had since stayed away from India's most expensive housing market—until now.
With The Westpark, DLF is betting big again. The project's full sellout in record time reflects both brand equity and a surge in demand from affluent buyers for high-end homes in strategic locations.
DLF's Record Year
DLF reported a record sales booking of ₹21,223 crore in FY25, up 44% from the previous year. Net profit for the fiscal surged to ₹4,366.82 crore, with revenues touching ₹8,995.89 crore. The developer has more than 280 million square feet of development potential across residential and commercial projects, and an annuity portfolio exceeding 45 million sq ft.
Key points to note:
Pricing and Configuration
Development & Investment
Phase 1 Construction Cost: Approx. ₹900 crore
Entire Project Launch: Part of DLF's strategic re-entry into Mumbai after over a decade
Project Type: Luxury residential gated development
Expected Timeline: Underway; development work to follow full sellout of Phase 1
All Phase 1 units (416 flats across four 37-storey towers) sold out in under a week, driving DLF's Mumbai debut success.
The non-resident Indians made up around 20% of buyers, with penthouses priced at ₹35 crore each (approx ₹70,000/sq ft).
The ₹900 crore development plan for the 5-acre Phase 1 is within a larger 10-acre SRA master plan.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
43 minutes ago
- Time of India
Shark Tank judge Anupam Mittal slams US on visa mess, says: Dear America, doesn't look like ...
Anupam Mittal (Image: Linkedin) Shark Tank India judge and founder Anupam Mittal has now shared his thoughts on the visa policy on United States. Taking aim at US over its sluggish visa process and stalled trade negotiations, Mittal appreciated the UK's red-carpet approach towards India. In a post shared on LinkedIn, Mittal celebrated the newly signed trade deal between India and UK. Mittal wrote, 'India is now calling shots… with spreadsheets, not swords.' founder praised India's new position in global negotiations and on the other hand he criticised the US for a 'mess' of visa system. 'Dear America, doesn't look like bullying will work,' Mittal wrote. He also added that India is now negotiating on its own terms as it is the world's fastest-growing economy. Read Shark Tank India judge Anupam Mittal's complete LinkedIn post here 🇮🇳🤝🇬🇧 The India-UK trade deal is done. After years of colonial hangover, it's finally India calling the shots, this time, with spreadsheets not swords. But while the UK's rolling out the red carpet... 🇺🇸 The US seems to be playing hardball. Here's the irony > We're not just exporting goods & services anymore. Indians are shining brighter than diamonds & building the US economy. 🔹 Tech? Mostly run by Indians. 🔹 Wall Street? Flooded with Indian-origin fund managers. 🔹 P&G's latest CEO? Indian again. 🔹 And VC-backed startups? At least one Indian founder on the cap table. There was a time when being Indian was a ceiling in corporate America. Now it's almost a prerequisite. And yet, visas remain a mess, trade negotiations are dragging, and posture > partnership. While India needs a favorable trade deal, it is engaging on its own terms.. We know we are the world's fastest growing major economy and we're negotiating accordingly. So dear America, Doesn't look like bullying will work 🤷🏻 But India should issue a counter ultimatum - play ball or we bring back our Kohinoors 😏 PS - No real visas were harmed in the making of this image 😉 AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India.com
an hour ago
- India.com
US-India ties to worsen further?, Trump warns Indians over THIS issue: 'Respect the terms of...'
US-India ties to worsen further?, Trump warns Indians over THIS issue: 'Respect the terms of...' US-India ties: Issuing a stern warning to visa holders from India, the Donald Trump administration has issued a stern warning about the over staying in the United States. It also made clear that any violation could lead to visa revocation and possible deportation. This may further deteriorate both countries ties amid the tariff war. In a post on X the US Embassy said, 'Respect the terms of your US visa and your authorized period of stay in the United States. Remaining in the United States past your I-94 'Admit Until Date' can lead to severe consequences such as visa revocation, possible deportation, and ineligibility for future visas. Overstaying may permanently affect your ability to travel, study, or work in the United States.' What the Congress said? Marjorie Taylor Greene, Congresswoman from Georgia's 14th District in a post on X said, 'End Indian H1-B visas replacing American jobs instead and stop funding and sending weapons to the Obama/Biden/Neocon Ukraine Russia war.' Her remarks came while referring to the latest statement by US President Donald Trump, who on Monday said that the United States will 'substantially raise' the tariff paid by India for buying 'massive amounts of Russian Oil', stating that much of the oil purchased from Moscow is being sold in the open market 'for big profits'. Trump wrote on Truth Social, 'India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA. Thank you for your attention to this matter!!!' What US said about India purchasing Russian Oil? India has defended its sovereign right to conduct energy policy based on national interest. The Ministry of External Affairs (MEA) on Monday came out strongly in defence of the country's decision to import oil from Russia, despite criticism from the United States and European Union. According to the MEA, India's imports from Russia are driven by necessity and aimed at ensuring predictable and affordable energy costs for Indian consumers. The MEA described the criticism of India's trade policy as 'unjustified and unreasonable,' asserting that India will take necessary measures to safeguard its national interests and economic security.
India.com
an hour ago
- India.com
In just Rs 40,000! This banker is encouraging Indian businessman to…, says Mukesh Ambani, Bill Gates, Barack Obama all have done it and you should too
Investment banker Sarthak Ahuja is encouraging Indian business owners who want to grow internationally to look towards Estonia, a small country in Europe. In a viral LinkedIn post, he shared that for less than Rs. 60,000 and just four hours online, anyone can open a European company and become an e-resident of Estonia and this is all without leaving India. Ahuja wrote, 'Mukesh Ambani, Bill Gates, and Barack Obama have all taken e-residency of a European country,' highlighting Estonia's open and modern digital economy. 'Anyone who wishes to do business in Europe or build a tech company anywhere in the world must consider setting up a company in Estonia…The company can be set up all online within 4 hours, in less than Rs 60k sitting anywhere in the world…In addition, the country makes you an e-resident of Estonia and gives you an e-residency card which you can pick up from the Estonia embassy in India itself…,' he further said. About Estonia's e-residency program Estonia's e-residency program started in 2014. It allows people from anywhere in the world to start and run a company online, with the benefit of being trusted as a European Union business. For Indians, e-residency costs less than Rs. 40,000 and comes with benefits like no corporate tax on profits you keep in the company, easy business setup, and access to European markets. According to Ahuja, the entire process is online and can be done quickly. Once approved, the e-residency card can be picked up from the Estonian embassy in India. The financial benefits of starting a business in Estonia are very appealing. There's no corporate tax on profits as long as the money is kept inside the company. A flat 20 per cent tax is charged only when you take out profits as dividends, and there's no double taxation. Estonia also keeps things simple: VAT, income tax, and corporate tax are all set at 20 per cent. You only need to register for VAT once your business earns more than €40,000 in revenue, the report further said. But it's not just about low taxes. Estonia offers a fully digital system that makes it very easy for business owners. The country provides free public education, healthcare, and transport, and the internet is considered a basic right. For a country with just over 1 million people, Estonia also has strong access to venture capital funding, making it a great place for startups. Estonia's tech scene is booming. The country already has 12 unicorns (startups valued at over $1 billion), and more than 2,000 tech entrepreneurs from around the world have become e-residents, building European businesses without having to move there.
