DLF sells all 416 homes for over ₹2,300 crore in new Mumbai project Westpark
DLF Home Developers Ltd, a subsidiary of DLF Ltd, India's most valued real estate company, said it sold all 416 units, including apartments and penthouses, in the first phase of The Westpark project in suburban Mumbai's Andheri (west) locality. The sale kicked off last week.
Although DLF launched the project with two 37-storey towers initially, high demand prompted it to add two more towers. DLF is developing the project with New Delhi-based Trident Realty.
The developer sold the entire inventory within a week at an average price of ₹ 42,500 per square foot. Non-resident Indians accounted for about 20% of the sales. Three of the five penthouses were sold for ₹ 35 crore each, at about ₹ 70,000 per sq. ft.
'Mumbai projects usually sell at a staggered pace. We are overwhelmed by the demand for our project and the sales,' Aakash Ohri, joint managing director and chief business officer of DLF Home Developers, told Mint in an interview. 'The Mumbai launch was important for DLF, and this gives us confidence to do more in the city.'
The Westpark project marks DLF's return to Mumbai after exiting the property market there many years ago due to a sector slowdown.
'Mumbai is a key part of our national growth strategy. In Mumbai, customers liked the product offering including the amenities, followed by the brand value. Given the way we have entered the Mumbai market, we are here to stay,' Ohri added.
The Mumbai project follows similar swift sales in Gurugram – DLF Privana West and Privana South, which collectively raked in ₹ 12,800 crore last year, and its super-luxury project The Dahlias, which clocked about ₹ 13,744 crore of sales bookings in FY25.
The next big project from the DLF stable will be in Goa, in the current July-September quarter. The second phase of The Dahlias in Gurugram will be launched in the January-March quarter, Ohri said.
DLF was the second highest-selling developer in FY25, after Godrej Properties Ltd. The company reported record sales bookings of ₹ 21,223 crore in FY25, up 44% from ₹ 14,778 crore the previous year. It has projected sales of ₹ 20,000-22,000 crore in FY26, banking on a pipeline that includes the next phase of The Dahlias, and the Mumbai and Goa launches.
DLF has already achieved about half of its targeted sales for FY26 in the June-ended quarter. The company clocked ₹ 11,000 crore from bookings in Privana North, having sold the entire project inventory within a week of launch, it said in June.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
4 minutes ago
- Indian Express
ED books Kerala charitable trust for FCRA violation
The Enforcement Directorate has registered a forex violation case against a Kerala-based charitable organisation for receiving Rs 220 crore from abroad in alleged violation of the Foreign Contribution Regulation Act (FCRA). The investigation pertains to Kunhahmed Musliyar Memorial Trust located in Kasargod and its chairman Ibrahim Ahmad Ali, an NRI. Searches were conducted under the Foreign Exchange Management Act (FEMA) at two locations in Kasargod on Thursday in connection with the case, the ED said in a statement. The Trust, according to the ED, received more than Rs 220 crore since 2021 from Ibrahim Ahmad Ali, which was reflected in the books of accounts as 'unsecured' loans. However, no loan agreement, interest rate terms, or repayment schedule were available, and no repayment had been made till date, the probe agency said. The probe found that these funds were received by Ali from a UAE company named Universal Lubricants LLC. In the absence of supporting documents and in view of the clarification given under a section of the FCRA, the said loan prima facie qualified as 'foreign contribution' under FCRA, the statement said. According to the ED, the Trust is 'not registered' under the FCRA and does not possess the 'mandatory permission' or a designated FCRA bank account to receive foreign contributions. It was found that a part of these foreign contributions was 'utilised' for the purchase of agricultural land in India, in violation of the existing regulations. The search action found that the Trust received Rs 2.49 crore in 'cash' from Ali in violation of FEMA provisions. 'During the search, incriminating documents, ledger accounts showing unsecured loans of Rs 220 crore, the cash book of the Trust, and a hard disk containing financial data were seized,' the ED said.
News18
12 minutes ago
- News18
ED books Kerala charitable trust for FCRA violation
Agency: New Delhi, Aug 2 (PTI) The Enforcement Directorate has registered a forex violation case against a Kerala-based charitable organisation for receiving Rs 220 crore from abroad in alleged violation of the Foreign Contribution Regulation Act (FCRA). The investigation pertains to Kunhahmed Musliyar Memorial Trust located in Kasargod and its chairman Ibrahim Ahmad Ali, an NRI. Searches were conducted under the Foreign Exchange Management Act (FEMA) at two locations in Kasargod on Thursday in connection with the case, the ED said in a statement. The Trust, according to the ED, received more than Rs 220 crore since 2021 from Ibrahim Ahmad Ali, which was reflected in the books of accounts as 'unsecured" loans. However, no loan agreement, interest rate terms, or repayment schedule were available, and no repayment had been made till date, the probe agency said. The probe found that these funds were received by Ali from a UAE company named Universal Lubricants LLC. In the absence of supporting documents and in view of the clarification given under a section of the FCRA, the said loan prima facie qualified as 'foreign contribution" under FCRA, the statement said. According to the ED, the Trust is 'not registered" under the FCRA and does not possess the 'mandatory permission" or a designated FCRA bank account to receive foreign contributions. It was found that a part of these foreign contributions was 'utilised" for the purchase of agricultural land in India, in violation of the existing regulations. The search action found that the Trust received Rs 2.49 crore in 'cash" from Ali in violation of FEMA provisions. 'During the search, incriminating documents, ledger accounts showing unsecured loans of Rs 220 crore, the cash book of the Trust, and a hard disk containing financial data were seized," the ED said. PTI NES ARI view comments First Published: August 02, 2025, 11:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
NDTV
34 minutes ago
- NDTV
US Entrepreneur Faces Backlash For Promoting Overwork Culture: "Mother Didn't Raise No Quitter"
A US-based startup co-founder is being criticised on LinkedIn for promoting a culture of overwork, disguised as ambition. Emilio Van Cotthem, co-founder of the internship platform Subscription Intern, shared a screenshot of his tightly packed weekend calendar, claiming he "collapsed" from exhaustion. However, he quickly backtracked, presenting his gruelling 31-meeting weekend as a point of pride. "I had 31 meetings this weekend. I collapsed," the entrepreneur wrote, before adding, "Psych - mother didn't raise no quitter." In the following lines, he continued: "You want to stay ahead? You have to work when your competition is 'unplugging.' Steve Jobs didn't take weekends off - neither do I. Work-life balance? Cool. I'll balance later - after I win." The post quickly gained traction online, with many criticising Mr Cotthem not only for the tone of his post, but also for promoting a culture of overwork. "Bro this ain't nothing to celebrate. We have one life to live, and your company and clients aren't coming to your funeral," wrote one user. "Good for you if that is what drives you. If you collapse from a stroke or heart attack today, was it worth it?" commented another. "This is not the flex you think it is," remarked a third user. "I thought this was satire," wrote one user. However, despite the criticism, Mr Cotthem chose not to retreat. Instead, he returned with a follow-up post - this time sharing another screenshot of an even fuller calendar and defending what he called the "madness". "People said I 'had no life.' They used my 70+ meeting Google Calendar as proof... But while they were criticising me from the sidelines, I was in the arena, getting my reps in," he wrote. The entrepreneur further listed outcomes from his relentless work pace. "25% conversion rate on sales calls - from hundreds of failed iterations, Doubled our sales cycle speed - we just hit our weekly quota on Wednesday, Record-breaking customer satisfaction - referrals are flowing, And I've never been more locked in, fulfilled, or obsessed with the mission," he wrote. "I'm not saying hustle porn is the answer. But I am saying mastery takes volume. Most people want results. Very few want the repetition required to earn them. So no, I don't regret it. Because these reps built the foundation for everything that's working now," he concluded. However, social media users continued to criticise him. "Wasting a weekend on pointless meetings which gets no one ahead. The only thing you are winning at is being the biggest pain in the a** in those people's lives," one user wrote.
