Prestige Group Launches ₹2,000 Crore Housing Project in Mumbai
Prestige Group, a leading real estate developer in India, has launched a new residential project in Mumbai, aiming for a revenue of ₹2,000 crore. The project, 'Prestige Garden Trails,' is located in the Dahisar-Mira Road corridor and spans 5.2 acres with 1,324 residential units.
Real EstateMumbaiPrestige GroupResidential ProjectProperty DevelopmentReal Estate MumbaiOct 14, 2025
Spread over 5.2 acres, the project comprises 1,324 residential units with a total carpet area of around 1 million square feet and an estimated Gross Development Value (GDV) of ₹2,000 crore. Irfan Razack, Chairman and Managing Director of Prestige Group, expressed confidence in the strong and enduring demand for quality mid-segment housing in Mumbai.
Mumbai continues to be one of our key focus markets, and Prestige Garden Trails reflects our confidence in its robust demand. We’ve built a strong brand reputation in Mumbai through our luxury and ultra-luxury developments, establishing deep trust and recall among customers. With The Prestige City Mulund, our flagship integrated township in the eastern suburbs, we’ve successfully extended that credibility to a wider audience. Building on this momentum, we now aim to leverage our brand equity to drive greater scale and speed in the suburban markets, translating goodwill into both velocity and volume, said Razack.
Prestige Estates recently launched 620 flats for sale in Ghaziabad with an estimated revenue of ₹2,200 crore, as part of its strategy to expand business amid strong demand for premium residential properties. On October 8, the real estate firm shared its July to September business updates, highlighting robust sales momentum, strong collections, and healthy launches that drive exceptional growth across geographies.
Riding on sustained demand and strategic launches, the company has achieved sales of ₹1,814.37 crore in H1 FY26, up 157% year-on-year (YoY), surpassing its full-year FY25 sales. During Q2 FY26, Prestige recorded sales of ₹6,017.30 crore, marking a 50% YoY growth, driven by robust demand across markets and segments. Sales volume for the quarter stood at 4.42 million square feet, up 47% YoY, translating to 2,069 units sold. The average realisation for apartments rose 8% YoY to ₹14,906 per square foot, while plots saw a sharp 43% increase in realisation to ₹9,510 per square foot.
For H1 FY26, sales volumes aggregated 13.96 million square feet, representing 6,788 units sold. The average realisation for apartments was ₹13,769 per square foot, up 6% year-on-year, while plots averaged ₹8,425 per square foot, up 17% year-on-year. The real estate major further stated that collections remained strong at ₹4,212.80 crore during Q2, up 54% YoY, taking the H1 collections to ₹8,735.60 crore, a 55% increase over the same period last year. Sales reflected a balanced and geographically diversified performance across the Prestige’s key markets.
Prestige Estates share price settled 0.63% lower at ₹1,604.40 apiece on the National Stock Exchange (NSE). In the past five trading sessions, Prestige Estates’ shares have risen 5.08%, while posting a marginal increase of 0.64% over the past month. Over the last six months, the stock has advanced 33.87%, though it remains lower by 2.97% on a year-to-date basis. The shares hit a 52-week high of ₹1,909.85 on October 15, 2024, and a 52-week low of ₹1,048.05 on April 7, 2025. As of October 14, the company’s market capitalisation was ₹69,106.36 crore.
Frequently Asked Questions
What is the name of the new residential project by Prestige Group in Mumbai?
The new residential project by Prestige Group in Mumbai is named 'Prestige Garden Trails.'
How much revenue does Prestige Group aim to generate from the new project?
Prestige Group aims to generate a revenue of approximately ₹2,000 crore from the new project.
Where is the 'Prestige Garden Trails' project located?
The 'Prestige Garden Trails' project is located in the Dahisar-Mira Road corridor on the Western Express Highway in Mumbai.
How many residential units are part of the 'Prestige Garden Trails' project?
The 'Prestige Garden Trails' project comprises 1,324 residential units.
What is the total carpet area of the 'Prestige Garden Trails' project?
The total carpet area of the 'Prestige Garden Trails' project is around 1 million square feet.
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