DLF Prepares for Major Expansion in FY26 with Slum Rehab Project in Andheri and High-End Villas in Goa

Real estate developer DLF is set to expand its operations into Mumbai and Goa during the financial year 2025-26. The company aims to launch its first project in Mumbai by June 2025, followed by a new development in Goa in the latter half of the year. These launches reflect DLF’s renewed focus on key urban and lifestyle markets, where demand for premium and high-value residential units continues to grow.

The Mumbai project is located in Andheri and is being developed under the Slum Rehabilitation Authority (SRA) scheme. DLF is executing the project in collaboration with the Trident Group. The first phase will cover approximately one million square feet and will feature 3 BHK and 3 BHK+ apartments. Prices for these units are expected to fall within the range of ₹5.5 crore to ₹7.5 crore.

DLF Joint Managing Director Aakash Ohri confirmed that the company is working toward a Q1 FY26 launch. During the Q4 FY25 investors’ call, he mentioned that the project is progressing steadily and is expected to be introduced to the market by June 2025. However, DLF’s Managing Director and CFO, Ashok Kumar Tyagi, noted that the development timeline was extended due to the complexity involved in slum rehabilitation work. He explained that projects under the SRA framework typically involve coordination with multiple stakeholders and require various regulatory clearances, which can lead to delays.

This project marks DLF’s re-entry into Mumbai after over a decade. In 2005, DLF had acquired 17 acres of mill land in Lower Parel through a National Textile Corporation auction, paying ₹704 crore—then the highest bid. However, following the 2008 global economic slowdown, the company revised its plans and eventually sold the land to Lodha Developers in 2012 for ₹2,700 crore. With the upcoming Andheri project, DLF is returning to Mumbai’s real estate market with a more targeted and structured approach.

In addition to the Mumbai launch, DLF has outlined plans to enter the Goa market in the second half of FY26. According to available reports, the company will develop 62 high-end villas, with prices estimated to range between ₹40 crore and ₹50 crore. The Goa project is aimed at buyers looking for exclusive properties in a leisure-oriented location, including non-resident Indians and individuals from metros seeking second homes.

During the investor call, Ohri mentioned that demand for DLF’s residential offerings remains steady, particularly in Delhi NCR and other metros. He said that past projects such as Privana are currently trading at a premium of ₹2,500 to ₹4,000 per square foot, indicating continued interest from both domestic and overseas buyers.

DLF’s plans for Mumbai and Goa are supported by a strong financial performance in FY25. The company reported record sales bookings of ₹21,223 crore, representing a 44% increase from the previous year. On May 20, DLF announced its sales guidance for FY26, aiming to achieve pre-sales between ₹20,000 crore and ₹22,000 crore. While slightly conservative compared to last year’s figure, the target reflects a strategic approach to maintain stability while scaling operations.

Mr. Tyagi stated that the company intends to preserve the sales momentum built over the last fiscal and continues to assess market trends and buyer sentiment across regions. He added that Gurugram remains a key market, owing to its expanding business hubs and growing working population.

With both projects expected to draw interest from investors and end-users, DLF’s focus in FY26 will be on timely execution and positioning its developments to meet specific market demands. The launches in Mumbai and Goa could further diversify the company’s portfolio and strengthen its position in premium housing.