Prestige Estates and Valor Group to Build ₹4,500 Cr Commercial Tower in Andheri West

Mumbai’s commercial real estate scene is expected to undergo a major transformation with a new joint venture between Prestige Estates Projects Ltd and Valor Group. The two firms are reportedly coming together to develop a landmark office complex in Andheri West, with a projected investment of ₹4,500 crore. This initiative is set to deliver 1.5 million sq ft of premium commercial space in one of Mumbai’s most well-connected business corridors.

21,978 Sqm Site in Andheri West Identified for Grade-A Development

The upcoming office tower is slated to rise on a 21,978.22 square metre plot in Andheri West. Known for its connectivity and business-friendliness, the location offers access to the Mumbai Metro and Western Express Highway. Both Prestige Estates and Valor Group are said to be investing equally in the venture, ensuring shared economic interest and operational synergy. A Special Purpose Vehicle (SPV) is being floated to execute and manage the project.

Prestige to Invest ₹504 Cr in SPV; GDV Pegged at ₹4,500 Cr

Prestige Estates is expected to commit ₹504 crore into the SPV that will oversee this high-value development. The project's Gross Development Value (GDV) is estimated at ₹4,500 crore—making it one of the more ambitious commercial real estate ventures currently in the pipeline for Mumbai.

Strategic Expansion for Both Developers

Sources indicate that this marks a major strategic expansion for Prestige Estates in the Mumbai market, aligning with its broader commercial and residential growth strategy. For Valor Group—previously known as DB Realty—this project adds weight to its brand’s repositioning as a future-focused real estate player committed to reshaping Mumbai’s skyline with modern and sustainable developments.

New Benchmarks for Mumbai’s Office Space Market

The project is poised to set new standards in Mumbai’s commercial sector by offering contemporary workspaces equipped with advanced infrastructure and lifestyle amenities. Given the post-pandemic shifts in work culture and demand for quality commercial assets, the development is expected to attract a mix of corporates, tech firms, and global enterprises.

Broader Economic Impact

The ₹4,500 crore infusion is also anticipated to contribute to job creation, catalyse surrounding infrastructure upgrades, and reinforce Mumbai’s status as a commercial powerhouse. Experts suggest that this large-scale development could play a pivotal role in reshaping the Andheri West real estate micro-market.

Conclusion: A New Commercial Landmark in the Making

By merging the financial and developmental strengths of Prestige Estates and Valor Group, this venture aims to establish a new commercial landmark in Mumbai. As the city continues to evolve into a global business hub, projects like these are seen as critical catalysts for urban transformation and economic growth.

Disclaimer: This article is based on publicly available information and industry updates. Project details, timelines, and figures may be subject to change.