DLF Andheri West: Mumbai’s Next Best Residential Luxury by DLF Limited.

DLF Limited, a name synonymous with luxury real estate in India, is in the headlines once again but this time it’s for its most awaited project in Mumbai,Yes You have heard it right! After capturing and excelling in Delhi and gurugram real estate markets with projects such as DLF Camellias, DLF Dahllias etc. DLF is all set to acquire Mumbai’s real estate market with the launch of its ultra luxury residential project named DLF Andheri west. This project is in partnership with the Trident Group under the Slum Rehabilitation Authority (SRA). With approvals anticipated soon, the first phase of the project is set to launch by the end of Q4 FY 2024-25.

DLF's Re-entry into Mumbai Property Market

In 2005, DLF purchased 17 acres of prime mill land in Lower Parel at a National Textile Corporation auction for ₹704 crore, the highest bid till then. DLF then changed its plans post the 2008 economic crisis and sold the land to Lodha or Macrotech Developers for ₹2,700 crore in 2012.

DLF had announced its return to the Mumbai real estate market in July 2023. This luxury real estate giant of India is all set to re enter into mumbai property market by it’s new launch in one of the most sought out locations of mumbai, Andheri west. 

DLF Andheri West

This Andheri (West) project caters to the high-class inhabitants of the city and is made of 3BHK, as well as 3BHK plus. Price starts at around ₹6 crores up to ₹8 crores for each unit, where it defines luxurious living at an entirely different level in the metropolitan city.

DLF would have 51 percent of the holding stake in SPV, which would look after the project, its development, sales, and financial closing. This will enable the development to benefit from DLF's three-decade expertise in building world-class real estate developments.

Project size and development

The project's first phase will see the launch of 0.9 million to 1 million square feet of development, a milestone marking the return of DLF in Mumbai. The project may extend to over 5 million square feet in subsequent phases, placing it among the city's biggest residential developments.

Statements From DLF Leadership 

Ashok Kumar Tyagi, CEO of DLF Limited, shared his optimism about the project, stating, “We expect approvals from Mumbai authorities in the coming weeks. Once in place, we’ll swiftly move forward with the launch, bringing a new standard of luxury living to the city.”

Aakash Ohri, Joint Managing Director and Chief Business Officer at DLF, emphasized the growing demand for luxury housing in Mumbai. He added, “The excitement around this DLF product is palpable. Mumbai has been eagerly awaiting this, and we’re confident it will set new benchmarks in luxury real estate, reinforcing our legacy of excellence.”

Previous Plans and Delays

The project was scheduled to be launched in June 2024. The project had already been delayed because of the pending clearances. Now, with the clearances coming, DLF is all set to push its ambitious plans.

Why It Matters

The Andheri (West) project is not only a residential project; it is a declaration of DLF's vision of luxurious living in Mumbai. With its prime location, state-of-the-art architecture, and DLF's reputation for excellence, the project is set to be a benchmark for future projects in the city.

Key Takeaways:

Location: Andheri (West), one of Mumbai’s most coveted areas.

Apartments: 3BHK and 3BHK plus, priced between ₹6 crore to ₹8 crore.

Project Size: The first phase would be 0.9 to 1 million square feet and may go beyond 5 million square feet in future phases.

DLF's Stake: The SPV would hold 51% of the shares, responsible for construction, sales, and financial closure.

Launch Timeline: By the end of Q4 FY 2024-25.

Conclusion:

DLF's Andheri (West) Luxury Housing is going to redefine the luxury living experience in Mumbai. Located with unmatched grandeur, state-of-the-art designs, and DLF's unmatched expertise, this development will stand as a landmark in the city's real estate market. Watch out for the official launch later this year!

For more updates on DLF's Andheri project and other luxury real estate developments, stay tuned! Call Today to prebook +91 9999995151