Prestige Estates Projects , a leading Indian real estate developer, has announced the launch of its latest residential project, Prestige Garden Trails, in Mumbai's Dahisar-Mira Road corridor. This strategic move marks a significant expansion of the company's portfolio in India's financial capital.

Project Overview

Strategic Location and Connectivity

The project is strategically positioned near the upcoming Metro station, offering excellent connectivity through:

• Western Express Highway
• Metro Line 9

This prime location ensures easy access to major employment hubs and urban amenities.

Amenities

Prestige Garden Trails is designed to provide a comprehensive lifestyle experience, featuring:

• Landscaped gardens
• Clubhouse
• Swimming pool
• Children's play zones
• Fitness facilities
• Multipurpose courts

Market Significance

Irfan Razack, Chairman and Managing Director of Prestige Group, emphasized the company's confidence in Mumbai's real estate market. He stated, "Mumbai continues to be one of our key focus markets, and Prestige Garden Trails reflects our confidence in its strong and enduring demand for quality mid-segment housing."

The launch of Prestige Garden Trails aligns with the company's strategy to leverage its brand equity in the suburban markets of Mumbai. This move follows the success of their flagship integrated township, The Prestige City Mulund, in the eastern suburbs.

Prestige Group's Mumbai Portfolio

Prestige Group has been steadily strengthening its presence in Mumbai over the past few years. Their portfolio in the city now includes:

• Luxury developments
• Mid-segment projects
• Commercial properties

This diverse range of offerings demonstrates the company's commitment to catering to various segments of the Mumbai real estate market.

The launch of Prestige Garden Trails not only reinforces Prestige Group's long-term commitment to Mumbai but also showcases their ability to deliver homes that elevate urban living standards. As the real estate sector continues to evolve, projects like these play a crucial role in shaping the urban landscape and meeting the housing demands of India's growing cities.

Prestige Estates Projects Ltd , a leading real estate developer, has announced the launch of 620 residential units in the second phase of its Ghaziabad township project. This new phase, named 'Mayflower', is part of 'The Prestige City, Indirapuram' township and is expected to generate revenue of Rs 2,200.00 crore for the company.

Expansion in Delhi-NCR Market

Prestige Estates entered the Delhi-NCR market in April with the launch of 'The Prestige City, Indirapuram' township. The project, spread across 62.5 acres, has seen significant success:

• First phase: 3,421 units
• Sales value: Rs 9,000.00 crore
• Status: Almost all units sold

Q2 FY2024 Performance Highlights

The company has reported robust performance in the second quarter of the fiscal year 2024:

The H1 FY2024 sales have already surpassed the total sales bookings from the previous fiscal year, indicating strong market demand and the company's solid performance.

Project Portfolio

Prestige Estates has a significant presence in the real estate market:

• Completed projects: 307
• Total area delivered: 199 million sq ft
• Ongoing projects: 132
• Pipeline area: 200 million sq ft

The launch of the 'Mayflower' phase in Ghaziabad and the strong quarterly results demonstrate Prestige Estates' continued growth and expansion strategy in the Indian real estate market, particularly in the Delhi-NCR region.

As the real estate sector in India continues to show resilience and growth, Prestige Estates' performance and expansion plans position it as a key player to watch in the coming quarters.