Latest news with #TheWestPark
Hindustan Times
4 days ago
- Business
- Hindustan Times
DLF eyes more projects in Mumbai's real estate market, but focus remains on Andheri for now
Delhi-NCR-based real estate major DLF is eyeing further expansion in Mumbai's real estate market, signalling interest beyond its ongoing project in Andheri. However, the immediate focus remains on the current development, Aakash Ohri, joint managing director, DLF, told Delhi-NCR-based real estate major DLF is eyeing further expansion in Mumbai's real estate market, signalling interest beyond its ongoing project in Andheri. However, the immediate focus remains on the current development. (In Photo: Aakash Ohri, joint managing director, DLF)(File Photo ) 'Right now, our focus is on the Andheri project in Mumbai, but we are open to exploring more opportunities across the city, including South Mumbai, where many of our aspirational homebuyers are," Ohri told "We have received RERA approval for four towers in the Andheri project, of which two have already been launched. The remaining two will be introduced in the coming days, followed by an additional four towers in Phase 2 over the next few months," he said. According to Aakash Ohri, the Andheri project is receiving a strong response, with growing interest from local and international buyers. "We're seeing good traction from NRIs as well and are deploying teams to five countries to promote the project to them actively. That said, our first preference is being given to local Mumbai homebuyers. We aim to maintain a 20–30% share for NRI homebuyers," Ohri said. Also Read: DLF re-enters Mumbai market with over ₹800-crore The Westpark project in Andheri; Launches Phase 1 with 416 flats All about DLF's re-entry into Mumbai's real estate market DLF on July 17 announced its re-entry into the Mumbai market with the launch of its premium residential project in Andheri. The first phase of The WestPark will comprise 416 apartments across four towers, two of which were launched on July 17. The company plans to invest over ₹800 crore in the project and expects a topline of over ₹2,000 crore from Phase 1. According to the company, the entire project is spread across 10 acres and will feature a mix of 3 BHK and larger apartments ranging from 1,125 sq ft to 2,500 sq ft. In the first phase, apartments are priced between ₹40,000 and ₹48,000 per sq ft. Also Read: DLF's Mumbai project set to launch soon as RERA gives green light to first phase with 416 premium apartments Last month, DLF received approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for this phase, comprising 416 apartments across four towers. DLF announced its re-entry into the Mumbai real estate market in July 2023. The company's first project in the city will be developed in partnership with the Trident Group under the Slum Rehabilitation Authority scheme. In 2005, DLF had purchased 17 acres of prime mill land in Lower Parel at a National Textile Corporation auction for ₹704 crore, the highest bid at the time. After the 2008 economic crisis, it changed its plans and sold the land to Lodha, also known as Macrotech Developers, for ₹2,700 crore in 2012.
Hindustan Times
5 days ago
- Business
- Hindustan Times
DLF re-enters Mumbai market with over ₹800-crore The Westpark project in Andheri; Launches Phase 1 with 416 flats
Delhi-NCR-based real estate major DLF on July 17 announced its re-entry into the Mumbai market with the launch of its premium residential project in Andheri. The first phase of The WestPark will comprise 416 apartments across four towers, with two towers launched on July 17. The company plans to invest over ₹800 crore in the project and expects a topline of over ₹2,000 crore from Phase 1. DLF's The Westpark project in Mumbai will be spread across 10 acres and will feature a mix of 3 BHK and larger apartments ranging from 1,125 sq ft to 2,500 sq ft. In the first phase. (Photo for representational purposes only)(Pexels) "We have launched two towers, and, given the strong response, we plan to launch the remaining two towers ahead of schedule, within the next few days," said Aakash Ohri, Joint Managing Director, DLF Limited. He said that Phase 2, comprising an additional four towers, is expected to be launched next year. According to the company, the entire project is spread across 10 acres and will feature a mix of 3 BHK and larger apartments ranging from 1,125 sq ft to 2,500 sq ft. In the first phase, apartments are priced between ₹40,000 and ₹48,000 per sq ft. The development will also include 845 dedicated car parking spaces, along with separate visitor parking facilities. The project will feature a 50,000 sq ft clubhouse equipped with a wide range of amenities, including a wellness hub, yoga studios, meditation decks, co-working spaces, lounges, and several other lifestyle facilities. Also Read: DLF's Mumbai project set to launch soon as RERA gives green light to first phase with 416 premium apartments DLF RERA approval Last month, DLF received approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for this phase, which will comprise 416 apartments across four towers. The approved first phase of the project will offer 3, 4, and 5 BHK apartments, along with a limited number of studio units, according to MahaRERA portal. According to details on the MahaRERA portal, the apartment sizes range from 1,048 sq. ft. to 2,278 sq. ft., while the five studio units each measure around 236 sq. ft. Also Read: 'DLF is here to stay in Mumbai and everyone is our competitor', says Aakash Ohri, joint MD DLF's re-entry into Mumbai DLF announced its re-entry into the Mumbai real estate market in July 2023. The company's first project in the city will be developed in partnership with the Trident Group under the Slum Rehabilitation Authority scheme. In 2005, DLF had purchased 17 acres of prime mill land in Lower Parel at a National Textile Corporation auction for ₹704 crore, the highest bid at the time. After the 2008 economic crisis, it changed its plans and sold the land to Lodha, also known as Macrotech Developers, for ₹2,700 crore in 2012.
Hindustan Times
17-06-2025
- Business
- Hindustan Times
DLF's Mumbai project set to launch soon as RERA gives green light to first phase with 416 premium apartments
DLF has received approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for the first phase of its upcoming premium residential project in Mumbai's Andheri area. The approved phase will comprise 416 apartments across four towers. Sources told that the RERA approval was granted on June 16, and the project is expected to be launched soon. DLF announced its re-entry into the Mumbai real estate market in July 2023. The company's first project in the city will be developed in partnership with the Trident Group under the Slum Rehabilitation Authority scheme. In 2005, DLF had purchased 17 acres of prime mill land in Lower Parel at a National Textile Corporation auction for ₹704 crore, the highest bid at the time. After the 2008 economic crisis, it changed its plans and sold the land to Lodha, also known as Macrotech Developers, for ₹2,700 crore in 2012. Also Read: Arkade Developers acquires 6.28-acre land parcel in Thane near Mumbai for ₹172 crore The approved first phase of DLF's 'The WestPark' project in Andheri comprises 3, 4 and 5 BHK apartments across four towers, along with a limited number of studio units. As per details on the MahaRERA portal, the 3, 4, and 5 BHK apartments range in size from 1,048 sq. ft. to 2,278 sq. ft., while the five studio units measure approximately 236 sq. ft. each. The project's proposed completion date is June 2032. The four RERA-approved towers are planned for a plot area of 7,788 sq. metres. Meanwhile, an email query has been sent to DLF. If a response is received, the story will be updated. Also Read: 'DLF is here to stay in Mumbai and everyone is our competitor', says Aakash Ohri, joint MD Ahead of its first project launch in the Mumbai real estate market, DLF's joint managing director Aakash Ohri said in March 2025 that the company is 'careful, cautious, and confident' but not 'overconfident' about the upcoming launch. Speaking about the launch of the Mumbai project, Ohri had said, "Doubt is the last thing on my mind. I can promise you very, very clearly, no doubt at all, we are very excited, extremely excited about new geography and new challenges. We are confident and not overconfident." "I am just careful and cautious. To be cautious cannot be misconstrued as having doubt. If I had a doubt, I would never enter any market," he had said. In September 2024, Ohri had told that DLF is here to stay in Mumbai and everyone is our competitor. Also Read: DLF's Aakash Ohri says 'careful, cautious, and confident' about upcoming Mumbai project launch "Right now, I will say that everyone is our competitor in Mumbai. I am coming from outside, and I have to say this. The company will essentially do what other developers are doing in the Mumbai real estate market when it comes to real estate projects. But what we will do differently is that we will package our product differently," Ohri had told
