With its first project in Mumbai, DLF is offering 416 luxury apartments priced between ₹ four crore and ₹7.5 crore. Local brokers and consultants say that this pricing strategy is careful and aligns with the current rates in the Andheri West micro-market.
Market sources have noted that DLF’s realistic pricing for the initial phase has generated robust buyer interest and could enable the developer to achieve a premium in the second phase.
Experts indicate that transferring a premium pricing model from the Delhi-NCR market to Mumbai would have been a strategic miscalculation. Real estate is inherently local, which means pricing strategies must be tailored to fit the unique dynamics of each city. There’s no single method that works for everyone. What is successful in one region might not be in another.
According to sources, DLF has determined apartment prices based on floor height and available views. The cost per square foot starts at ₹37,500 and can increase to ₹54,000 for the highest-quality apartments, after factoring in floor rise and other charges.
“The pricing strategy is aligned with the market and offers homebuyers value for money. It also demonstrates that DLF has conducted thorough research, accurately assessed the conditions, and aligned its pricing with the market. Along with pricing, they have also kept in mind absorption and launch momentum, and thus have kept the price steady and grounded,” Indrajit Sidhanta, a co-founder at Square Yards, expressed.
Local brokers indicate that during the launch phase, the company has taken a cautious approach and opted for the market rate asking price. Brokers mentioned that the project has seen a strong response from potential homebuyers, including NRIs.
DLF’s Blueprint in Mumbai
The opening phase of The WestPark will consist of 416 apartments in four towers, with two launched on July 17. The business plans to allocate more than ₹800 crore for the project and expects to achieve a revenue exceeding ₹2,000 crore from Phase 1.
Insights Into the Real Estate Market of Andheri West
Andheri is one of the largest and most densely populated suburbs in Mumbai, with its development dating back to 1915. Positioned in the western part of the city, it is home to one of India’s most frequented railway stations and has long been a vital industrial hub.
The real estate consultancy ANAROCK Group highlights that Andheri East and West both feature a mix of industrial and commercial sectors. Still, they differ significantly in their overall character and real estate landscape.
Andheri West is primarily residential, characterised by affluent neighbourhoods and a focus on luxury housing, resulting in elevated property prices. Conversely, Andheri East is a significant commercial and industrial zone, also containing several mid-income housing areas, making it more budget-friendly compared to the west.
According to recently released data, the average residential price in Andheri West increased by 52% from 2019 to Q1 2025, rising from approximately ₹31,253 per square foot in 2019 to ₹47,350 per square foot by Q1 2025.
A typical 2 BHK apartment with an area of 700-800 sq. ft. rents for between ₹60,000 and ₹80,000 monthly, as reported by ANAROCK.
Read more through the links below to uncover the key trends and market leaders driving this growth:
Hindustan Times: http://bit.ly/4lF7lm5
Published Date: 22 July, 2025
