Largest Domestic Real Estate Developer Achieves Rs 2,300 Crore Sales with Complete Sellout of The Westpark Phase 1 in Mumbai

DSIJ Intelligence-2 / 25 Jul 2025/ Categories: Mindshare, Trending

Largest Domestic Real Estate Developer Achieves Rs 2,300 Crore Sales with Complete Sellout of The Westpark Phase 1 in Mumbai

The share price has gained 21 per cent, while in the past five years, it has delivered 496 per cent returns, approaching multibagger levels.

DLF Home Developers Ltd, a wholly-owned subsidiary of DLF Ltd, along with Trident Realty, has announced the complete sellout of The Westpark Phase 1 in Andheri West, Mumbai. All 416 units, spread across four 37-storey towers, were sold in under a week, generating sales exceeding Rs 2,300 crore. This marks DLF’s entry into the Mumbai residential real estate market and strengthens its expansion plans in western India.

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Initially, two towers were launched, but robust demand led to the early release of all four towers in Phase 1. The development, part of a 10-acre master plan, spans 5.18 acres and features 3 BHK and 4 BHK units ranging from 1,125 to 2,500 sq. ft. carpet area, with select penthouses. The project includes a 6,000 sq. metre landscaped podium, a 50,000 sq. ft. lifestyle hub with fitness and leisure amenities, and 845 dedicated parking spaces.

Located off Link Road, Andheri West, The Westpark offers excellent connectivity through the Western Express Highway, SV Road, New Link Road, and upcoming Coastal Road and JVLR extensions. The project is MahaRERA-registered (PR1181012500079) and valid until June 30, 2032.

On the market front, DLF shares traded at Rs 829 per share, marginally up by 0.01 per cent on Friday following the announcement. The stock remains 10.65 per cent below its 52-week high. Over the last three months, DLF’s share price has gained 21 per cent, while in the past five years, it has delivered 496 per cent returns, approaching multibagger levels. Year-to-date performance stands at a 1 per cent increase, with a 1.37 per cent gain in the last 12 months.

The broader Indian equity markets saw early declines on Friday, with the Nifty 50 slipping 0.53 per cent to 24,930.9 and the BSE Sensex falling 0.45 per cent to 81,807.28. Sentiment was weighed by concerns over Bajaj Finance’s asset quality and the assessment of the recently signed India-UK trade pact aimed at tariff reductions.

Disclaimer: The article is for informational purposes only and not investment advice.