Prestige Group Launches ₹2,000 Crore Mira Road Project with 1,324 Premium Residences

The Bengaluru-headquartered Prestige Group has announced the launch of its latest residential development in Mira Road, Mumbai, marking another significant entry into the city's suburban real estate market. The project, named Prestige Garden Trails, is expected to offer elevated living standards in a strategically located development valued at approximately ₹2,000 crore.

Development Scale and Investment

The ambitious residential venture will be constructed on a 5.2-acre land parcel situated near the Western Express Highway in Mumbai's western suburbs. According to the developer, the project will comprise 1,324 residential units spanning approximately 1 million square feet of built-up area, with a projected gross development value reaching ₹2,000 crore.

The developer stated that the project aims to deliver an upscale yet accessible housing solution designed for urban buyers seeking modern amenities combined with suburban tranquility.

Strategic Location Benefits

Industry observers note that the site benefits from its position at the junction between Dahisar and Mira Road, offering direct connectivity to the Western Express Highway. Additionally, the development is located in proximity to the proposed Metro Line 9 station, which is expected to enhance transport links to Mumbai's major employment centers.

The project is reported to be part of a planned urban ecosystem that includes integrated retail facilities, wellness centers, educational institutions, healthcare services, and community amenities.

Residential Configuration and Amenities

Prestige Garden Trails will feature a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, designed with contemporary layouts and optimized space utilization. The developer has outlined several amenities planned for residents:

• Landscaped gardens and courtyards throughout the development
• Clubhouse featuring social and recreational facilities
• Swimming pool and modern fitness center
• Multipurpose sports courts and dedicated children's play areas
• Community spaces designed for social gatherings, wellness activities, and recreation

According to the company's representatives, the project is intended to create a comprehensive residential experience rather than merely providing housing units.

Prestige Group's Mumbai Expansion Strategy

The leadership team at Prestige Group described this development as representing the company's growing confidence in Mumbai's evolving real estate landscape, particularly in Mira Road. The developer is reportedly leveraging its established brand reputation in luxury and premium segments to expand its presence in the city's suburban corridors.

The company has previously undertaken significant projects in Mumbai, including a large-scale integrated township in Mulund. Industry analysts suggest that Prestige Group is focusing on quality-driven developments to build substantial momentum in Mumbai's competitive housing market.

This launch comes as housing markets across major Indian cities continue to witness strong developer activity, with established players expanding their portfolios in strategic suburban locations.