DLF Gets RERA Approval to Develop Housing Project in Andheri, Mumbai

DLF has secured approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for the first phase of its residential project in Mumbai. This marks the company’s entry into the city’s property market after a gap of nearly a decade.

Project Overview

The project, named The Westpark, is located in Oshiwara, Andheri. It is being developed under a slum rehabilitation scheme. Pegeen Builders and Developers, a wholly owned DLF subsidiary, is managing the free-sale portion. Rehabilitation and land clearance are being handled by project partner Trident Group.

According to MahaRERA filings, the first phase will include 416 apartments spread across 4 towers. Each tower has received permission for up to 44 floors, 37 floors for residential use, and the remaining for other services.

Launch Timeline May Get Delay

As per news reports, DLF had initially planned to launch the project by the end of June or early July 2025. However, with the onset of monsoon in Mumbai, the timeline may be pushed. The company is currently in discussions with sales channel partners and has yet to announce a final launch date.

Units in the project are expected to be priced between ₹5.5 crore and ₹7.5 crore. This positions the project in the premium segment, differing from the company’s luxury-focused projects in Gurugram and surrounding markets.

Return to Mumbai Market

DLF had exited the Mumbai market around 10 years ago during a period of debt reduction. The company sold its earlier land holdings in the city and focused on consolidating its business in North India. This Andheri project marks its first formal re-entry into Mumbai.

Read More: What If You Invested ₹10,000 in Nifty 50 Index Fund 10 Years Ago?

DLF Share Price Performance 

As of 10:37 AM on June 27, 2025, DLF share price was trading at ₹847.75, a 0.07% decline, and is up 1.48% over 6 months, and a 3.73% increase over the past year.

Conclusion

With regulatory approval in place, DLF is preparing to launch its residential project in Oshiwara. The development is part of a slum rehabilitation scheme and is expected to add over 400 residential units to the area once launched.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.