Prestige Group has announced the acquisition of a 5-acre land parcel in Mira Bhayandar, Mumbai Metropolitan Region (MMR), for ₹291.58 crore. The plot spans approximately 22,135 sq. meters and is set to be developed into a premium residential project, adding around one million sq. ft. of carpet area to Prestige’s growing portfolio.
This acquisition marks a strategic expansion for Prestige Estates Projects Limited in MMR, strengthening its footprint in one of India’s most active real estate corridors. The location of the land parcel is expected to benefit from multiple large-scale infrastructure projects underway in the region, including the coastal road extension and Metro Line connectivity.
Mira Bhayandar is emerging as a fast-developing residential hub due to its improved connectivity with western suburbs and proximity to commercial zones. The upcoming infrastructure upgrades such as the Dahisar–Bhayandar Elevated Road, Mumbai Metro Line 9, and the Thane–Borivali tunnel are expected to enhance ease of access and reduce travel time for residents.
With a strong presence across Bengaluru, Hyderabad, Chennai, and Mumbai, Prestige continues to diversify its portfolio with both luxury and mid-segment residential offerings. The new Mira Bhayandar project is anticipated to attract significant demand from homebuyers seeking modern residential spaces in well-connected micro-markets. Its strategic location and Prestige’s brand reputation are expected to drive strong interest from both end-users and investors alike.
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