Prestige Group Expands Mall Portfolio with New Projects in Mumbai and Delhi-NCR
Prestige Group, a leading real estate developer, is set to expand its mall portfolio with new projects in Mumbai and Delhi-NCR. The company is constructing a 2 lakh sq ft mall in Mumbai's Mulund and a 1 million sq ft mall in Indirapuram, awaiting RERA app
Prestige GroupReal EstateMall DevelopmentMumbaiDelhincrReal Estate NewsFeb 05, 2025
The company is currently constructing a 2 lakh sq ft mall in Mumbai’s Mulund and is awaiting RERA approvals for a 1 million sq ft mall in Indirapuram, part of the Delhi-NCR region.
Muhammed Ali, the CEO of Prestige Group’s Retail division, shared these details in a recent interview.
Prestige Group has a robust pipeline of 8 million sq ft of mall space under construction across Mumbai, Delhi-NCR, Bengaluru, Chennai, and Hyderabad.
In Mumbai’s Mulund, the company is developing a 2 lakh sq ft mall that will feature over 25 restaurants and will primarily focus on the food and beverage (F&B) segment.
The mall is expected to open by 2028-2029.
Meanwhile, in Delhi-NCR, Prestige Group plans to construct a 1 million sq ft mall as part of the Prestige City township in Indirapuram.
The project is currently awaiting RERA approvals.
Ali mentioned that the company is also in the process of finalizing another mall project in Delhi-NCR but did not disclose further details.
Additionally, the company is eyeing the development of a 1 million sq ft luxury mall in a prime area of Mumbai, though specifics are yet to be revealed.
Prestige Group's retail expansion is not limited to just these two regions.
The company is also planning to launch three new malls in Hyderabad.
Frequently Asked Questions
What is the size of the new mall being constructed by Prestige Group in Mumbai's Mulund?
The new mall being constructed by Prestige Group in Mumbai's Mulund is 2 lakh sq ft and is expected to feature over 25 restaurants, primarily focusing on the food and beverage segment.
Where is Prestige Group's new mall project in Delhi-NCR located?
Prestige Group's new mall project in Delhi-NCR is located in Indirapuram and will span 1 million sq ft as part of the Prestige City township.
When are the new malls under construction by Prestige Group expected to be operational?
All malls under construction by Prestige Group are set to be operational by 2028-2029.
What is the focus of Prestige Group's upcoming mall in North Bengaluru?
The upcoming mall in North Bengaluru will focus on athleisure, featuring over 3 lakh sq ft of sportswear and accessories, 2.5 lakh sq ft of food and entertainment, and 2.5 lakh sq ft of gaming experience.
How many malls is Prestige Group planning to launch in Hyderabad?
Prestige Group is planning to launch three new malls in Hyderabad, including a 6 lakh sq ft mall with a strong focus on food and entertainment in Goa.
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