Prestige Estates and Valor Group are launching a ₹4,500 crore joint venture to develop a 1.5 million sq ft premium office project in Andheri West, Mumbai—set to transform the city’s commercial real estate market.

Prestige Estates reported an 82% YoY drop in Q4 FY25 profit to ₹25 crore. Despite the setback, the firm is pushing ahead with major projects in Mumbai and Delhi-NCR worth over ₹14,500 crore.

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The Supreme Court has directed SEBI to evaluate proposals by Oberoi Realty and Valor Estate for developing Sahara’s 106-acre Versova land, mandating a ₹1,000 crore deposit from each developer.

Prestige Group, along with RC Group and Valor Estate, is launching a ₹7,000 crore redevelopment in Bandra, Mumbai, transforming 19 housing societies across four acres into modern residential complexes.

L&T Realty and Valour Estate, formerly DB Realty, have partnered to create a ₹20,000-crore project on a 10-acre land block in Mumbai's Bandra Kurla Complex (BKC). The project will contain luxury apartments, commercial areas, and a 1,000-key five-star hotel near the Bombay High Court complex.