Prestige Estates Projects has launched Phase 2 of Prestige Forest Hills at The Prestige City in Mulund, Mumbai. The project comprises Towers C (in part) and Tower D, featuring 500 premium 3 and 4-bedroom residences with a total developable area of approximately 1.7 million sq. ft. and an estimated Gross Development Value (GDV) of approximately ₹2,200 crore.

Project Details

Located at the foothills of Yogi Hills in Mulund West, the development offers 3 and 4-bedroom residences. The apartment sizes range from 946 sq. ft. to 2,643 sq. ft. of RERA carpet area, with ticket sizes starting from approximately ₹2.73 crore. The project is part of The Prestige City, Mulund, a large integrated township spread across approximately 32 acres.

Key Metrics

Township Context

Prestige Forest Hills is spread across approximately 6.5 acres and includes four high-rise towers with over 50 lifestyle amenities. Phase 1, comprising Towers A & B, was launched in August 2024. The township includes proposed retail, commercial, educational, healthcare, and social infrastructure.

Company Profile

As of March 2026, Prestige Group has delivered 316 projects spanning 212 million sq. ft. and currently has a pipeline of 135 projects across 227 million sq. ft.

Prestige Estates Projects is set to expand its footprint in North India, with parent entity Prestige Group announcing plans to launch two housing projects in the Delhi-NCR region during the current fiscal year. The projects are expected to generate a combined potential revenue of ₹7k Cr, reflecting the group's ambitions in one of the country's most sought-after residential real estate markets.

Planned Delhi-NCR Launches

The two upcoming housing projects represent a notable strategic move by Prestige Group as it looks to establish a stronger presence in the Delhi-NCR corridor. The region has consistently ranked among India's top residential markets, driven by robust demand across multiple price segments.

Key highlights of the planned launches are summarised below:

Strategic Expansion Into North India

The announcement underlines Prestige Group's broader strategy to diversify its geographic presence across India's major urban centres. Historically recognised for its strong portfolio in South India, the group's foray into Delhi-NCR with projects of this scale signals a significant step in its national expansion journey.

With a potential revenue target of ₹7k Cr from these two launches alone, the Delhi-NCR projects are poised to be among the more substantial additions to Prestige Group's development pipeline for the fiscal year. The move also reflects growing developer interest in the Delhi-NCR market, which continues to attract significant residential demand.