India’s largest listed real estate developer, DLF has staged a comeback in the Mumbai residential market with a INR 800-900 crore premium project. DLF is making its re-entry into Mumbai after 13 years after it exited the market after selling a prime 17-acre land parcel to Lodha Developers.

DLF has made a comeback through a joint venture project with another Gurugram-based developer- Trident Group. The luxury housing project- West Park (Andheri West) is located just off Link Road in the western suburb of Andheri. The company has announced the launch of the first phase of the project over 5.18 acres while the entire development will have 8 towers spread over 10 acres.

The first phase of the project under Slum Rehabilitation Authority (SRA) Scheme, will have 416 units.  will have 4 37-storey residential towers. As part of joint development, while Trident will undertake the slum rehabilitation component, DLF will handle greenfield development with a majority (51%) stake. The first phase will offer a mix of 3/4 BHK residences. The units in the sizes of 1125 -2500 sq ft will be priced from INR 37K-47K per sq ft, with units cost ranging between INR 4.5 crore to 8 crores. There will be a limited number of penthouses as well. This premium development will feature a 50000 sq ft clubhouse.

The first phase is likely to be completed in 4 years and will generate revenue of around INR 2300 crore. The second phase which is to be launched next year, will also feature 4 towers. The overall revenue potential of the entire project is estimated to be INR 10000 crore.