Realty firm Prestige Estates Projects Ltd launched Phase 2 of Prestige Forest Hills at The Prestige City, Mulund, Mumbai, with an estimated gross development value (GDV) of ₹2,200 crore. According to reports from CNBC TV18, the phase comprises Towers C (in part) and Tower D, located at the foothills of Yogi Hills in Mulund West, offering forest-facing views along with connectivity to key business districts, social infrastructure, and transport corridors across Mumbai.
The Phase 2 project includes 500 premium residences, consisting of 3 and 4-bedroom apartments with expansive decks. As reported by CNBC TV18, apartment sizes range from 946 square feet to 2,643 square feet RERA carpet area, with starting ticket sizes of approximately ₹2.73 crore. The total development spans about 1.7 million square feet of developable area. The company had previously launched Phase 1 of Prestige Forest Hills in August 2024, comprising Towers A & B.
Prestige Forest Hills forms part of the landmark The Prestige City, Mulund, a large integrated township spread across approximately 32 acres, featuring premium residential developments, proposed retail, commercial, educational, healthcare, and social infrastructure. According to CNBC TV18, the project is spread across approximately 6.5 acres and comprises four high-rise towers complemented by an expansive podium featuring over 50 lifestyle amenities.
Speaking to CNBC-TV18 this month, Prestige Group Chairman and Managing Director Irfan Razack said real estate demand never really weakened, though easing geopolitical tensions could provide an additional boost to the sector. As reported by CNBC TV18, Razack identified the biggest risk to achieving sales targets as not demand but delays in regulatory approvals that can push back launches. The company is targeting ₹36,000 crore of residential sales this year, 2026-27 (FY27), after clocking ₹30,000 crore last year, 2025-26 (FY26).
Shares of Prestige Estates Projects Limited ended at ₹1,559.50, up by ₹20.50, or 1.33%, on the BSE, according to CNBC TV18. The developer expects growth to continue, with more than ₹60,000 crore worth of projects lined up across Mumbai, Bengaluru, Hyderabad, the National Capital Region (NCR) and Chennai.
