DLF Sells Out Mumbai WestPark Towers In A Week

Delhi-NCR-based real estate giant DLF has achieved a big success in Mumbai. On July 25, DLF announced that it sold all four towers of its new luxury housing project called ‘The WestPark’ in Andheri West. What makes this news even more special is that these flats were sold out in less than a week after the launch.

When Did The Project Launch?

The company launched this project on July 17. Within seven days, buyers booked all 416 apartments. This strong response shows that people trust DLF and like its projects.

Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel  

How Much Did DLF Earn From The Sales?

DLF said that it earned ₹2,300 crore by selling these 416 units in Phase 1. This is a very big amount and it shows that people are ready to spend on luxury homes in Mumbai.

Why Is This Project Important For DLF?

This is DLF’s first project in Mumbai. Earlier, DLF was mainly working in Delhi-NCR. Now, with The WestPark, it has entered Mumbai’s real estate market, which is known to be competitive and full of opportunities. The company said this project is a part of its plan to expand into western India.

Who Did DLF Partner With?

DLF has partnered with Trident Realty to build this project. Both companies will invest around ₹900 crore to develop this luxury housing complex in Andheri West. The project is being built under the Slum Rehabilitation Authority (SRA) scheme.

How Big Is The Project?

The WestPark is being developed on a 10-acre land. In the first phase, DLF launched four towers with a total of 416 apartments. Each tower will have 37 storeys. The homes include 3 BHK and 4 BHK apartments. The sizes of these flats range from 1,125 square feet to 2,500 square feet.

What Is The Price Of These Flats?

According to DLF, the price of these apartments in Phase 1 was between ₹37,500 per sq ft and ₹54,000 per sq ft. This means a flat of 1,125 sq ft would cost more than ₹4 crore. The price for bigger flats of 2,500 sq ft would be around ₹13 crore. These prices are high but still, buyers booked all the apartments quickly.

What Did DLF Say About This Achievement?

Aakash Ohri, who is the Joint Managing Director and Chief Business Officer of DLF Home Developers Ltd, said that this success is a big milestone for DLF. He said Mumbai is an important part of the company’s national growth plans. He also said that the company is proud to offer a project that matches the dreams and lifestyle of Mumbai’s people.

Ohri added that the company is very happy with the response. They had planned to launch only two towers first. But after seeing huge demand, they launched all four towers. As a result, all 416 flats got sold out in Phase 1.

How Many Towers Will The Project Have?

The entire WestPark project will have eight towers. In the first phase, DLF launched four towers. The remaining four towers will come up in the next phase. All towers will be tall and beautifully designed with modern architecture.

Who Designed The Project?

This project is designed by HB Design, a famous architecture firm. The structural work is being done by Thornton Tomasetti, which is known globally for its expertise. The interiors are designed by BLINK, and the landscaping is done by SHMA. This means that DLF has brought together the best designers to create this project.

What Is Special About The Flats?

The flats in The WestPark will have:

• Spacious rooms

• Large balconies or decks

• Full-height windows to give beautiful views of the city

• Interiors that look classy and modern

What Amenities Will The Project Have?

The project will have a huge 50,000 sq ft clubhouse. The clubhouse will include:

• A wellness hub

• Yoga studios

• Meditation decks

• Co-working spaces

• Lounges and many lifestyle facilities

Apart from this, the project will have:

• 845 dedicated car parking spaces for residents

• Separate parking for visitors

• A special landscaped podium called the ‘Eco Deck’ which is around 6,000 sq metres (1.46 acres) in size

• Lush green gardens

• A 25-meter swimming pool with a tropical leaf-patterned floor

• Spaces that give the feeling of a tropical forest in the middle of the city

What Is The Eco Deck?

The Eco Deck is the central green area of the project. It connects all the towers and gives residents a place to relax, walk, and enjoy nature. The company said it will have beautiful plants, walking paths, and sitting areas with panoramic views.

When Did DLF Enter Mumbai Real Estate?

This is not the first time DLF entered Mumbai. In 2005, DLF bought 17 acres of mill land in Lower Parel for ₹704 crore. But after the 2008 financial crisis, the company changed its plan and sold this land to Lodha Developers (now Macrotech Developers) in 2012 for ₹2,700 crore.

In July 2023, DLF announced its re-entry into Mumbai’s real estate market with The WestPark in partnership with Trident Realty. This project is part of DLF’s plan to grow in Mumbai and other parts of western India.

Will DLF Launch More Projects In Mumbai?

DLF has said that it plans to launch more projects in Mumbai in the future. But for now, its focus remains on completing The WestPark successfully and offering the best quality homes to buyers.

To sum up, DLF’s The WestPark project in Mumbai has received a grand welcome from buyers. Selling all 416 flats in just a week is a rare achievement. The company’s entry into Mumbai shows its confidence in the city’s real estate market. The WestPark, with its luxurious homes and world-class amenities, will soon become one of the landmark projects in Andheri West.

#Best News Network In Dubai #Dubai breaking news today #Dubai latest updates #UAE NEWS #Real Estate News #Dubai real estate strategist #Real estate investment Dubai