Prestige Group Expands in Mumbai with Major Land Acquisition in Mira Bhayandar Municipal Corporation Area

Bengaluru-based real estate giant, Prestige Group, has made a strategic move to expand its footprint in Mumbai by acquiring a substantial land parcel in the Mira Bhayandar Municipal Corporation area. The company has acquired 22,135 sq. meters of land for INR 291.58 crore. This acquisition is expected to further strengthen Prestige Group's presence in Mumbai's competitive real estate market.

Strategic Location and Project Scope

Located adjacent to the Western Express Highway (WEH), the newly acquired land will serve as the foundation for a high-end residential project. With an estimated one million square feet of carpet area, the project will cater to the increasing demand for modern urban living spaces in the city. The prime location and the scale of development are set to make this project a significant addition to the area.

A Vision for Modern Urban Living

The acquisition is part of Prestige Group's broader strategy to tap into Mumbai’s growing real estate market. As the demand for quality residential spaces rises in the region, the group aims to deliver homes that blend luxury, convenience, and functionality, meeting the expectations of modern urban dwellers.

A Statement of Commitment by Prestige Group’s Leadership

Irfan Razack, the Chairman and Managing Director of Prestige Group, highlighted that the new project reflects the company’s commitment to delivering high-quality developments that offer long-term value for its stakeholders. Razack expressed confidence that this venture will redefine urban living in the area and create transformative spaces for future residents.

Expansion of Prestige Group’s Real Estate Portfolio

The Prestige Group’s recent projects in Mumbai, such as Prestige Jasdan Classic and Prestige City, have already established the brand as a significant player in the region’s real estate market. This latest acquisition is part of their strategy to expand beyond residential projects, with a strong presence across residential, commercial, retail, and hospitality sectors.

Conclusion: A Step Towards Shaping Mumbai’s Real Estate Future

Prestige Group’s move into the Mira Bhayandar Municipal Corporation area marks another milestone in the company’s ambitious growth strategy. With this new project, Prestige Group not only strengthens its presence in Mumbai but also continues its vision of creating sustainable, modern living environments in key urban locations.

Highlights:

• Prestige Group acquires 22,135 sq. meters of land in Mira Bhayandar Municipal Corporation, Mumbai, for INR 291.58 crore.
• The land will be developed into a residential project with an estimated one million sq. ft. of carpet area.
• The location, adjacent to the Western Express Highway, ensures high accessibility and value.
• Prestige Group aims to meet the growing demand for urban living in Mumbai.
• The project reflects the company’s commitment to delivering long-term value for communities and stakeholders.
• Recent projects by Prestige Group in Mumbai include Prestige Jasdan Classic and Prestige City.
• Prestige Group is expanding its footprint across residential, commercial, retail, and hospitality sectors.

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