DLF, India’s largest real estate developer, has officially re-entered the Mumbai real estate with the launch of its luxury housing project, Westpark, in Andheri (West).

The company will invest around Rs 900 crore in the project comprising 416 apartments, which is being developed in partnership with NCR-based builder Trident Group. The 5.18-acre project offers apartments priced between Rs four crore and Rs 7.5 crore, with rates ranging from Rs 42,000 to Rs 47,000 per sq. ft. The total expected sales realisation from the project is around Rs 2,300 crore.

“We plan to sell around 200 units initially,” said Aakash Ohri, Joint Managing Director of DLF Home Developers, but added that the company might consider selling all 416 apartments depending on demand.

DLF holds a 51 percent stake in the special purpose vehicle (SPV) developing this Slum Rehabilitation Authority (SRA) project, while Trident Group owns the remaining 49 percent. DLF last exited Mumbai in 2012, selling a 17-acre land parcel to Lodha Developers for Rs 2,700 crore.