Prestige Group Eyes Rs 2000 Crore Revenue From Mumbai Garden Trails Project

Mumbai continues to attract significant residential investments as Prestige Estates Projects Ltd (PEPL) unveiled its latest housing venture, ‘Prestige Garden Trails’, strategically located along the Dahisar-Mira Road corridor on the Western Express Highway. The project, spanning 5.2 acres, is designed to deliver a total carpet area of around 10 lakh sq ft, offering 1,324 units with a projected Gross Development Value (GDV) of Rs 2,000 crore.

In a regulatory filing, company officials highlighted that the project reflects a growing confidence in the Mumbai Metropolitan Region (MMR) for quality mid-segment housing. The development is positioned to meet rising urban demand while adhering to sustainable and eco-friendly design principles, in line with the city’s evolving urban development guidelines. Experts indicate that such projects mark a pivotal shift towards green residential infrastructure, integrating energy-efficient construction practices and community-centric amenities. Officials at Prestige Group emphasised that Mumbai remains a core market for strategic housing expansion. With an increasing focus on environmentally conscious urban development, the company is ensuring that Garden Trails incorporates green spaces, efficient water and energy management, and sustainable building materials. Analysts suggest that such initiatives are likely to attract environmentally aware buyers seeking long-term value alongside modern living standards.

The project’s scale is notable, not only for its GDV but also for its impact on employment and urban growth. Construction of over 1,300 units across multiple towers is expected to generate considerable direct and indirect employment, from skilled labour and construction management to urban planning and facility services post-completion. The development also anticipates integrating shared urban amenities such as landscaped gardens, recreational zones, and walkable corridors, enhancing both livability and equity within the residential precinct. Urban planners note that the Dahisar-Mira Road corridor has emerged as a preferred investment destination due to its enhanced connectivity, proximity to commercial hubs, and availability of mid-segment housing options. The Prestige Garden Trails initiative aligns with broader city objectives of sustainable urbanisation, promoting compact residential development while avoiding urban sprawl and encouraging efficient public transport usage.

As the city navigates increasing housing demand, developments like Garden Trails represent a convergence of market confidence, responsible urban planning, and sustainable living practices. With a GDV of Rs 2,000 crore, the project underscores the continuing resilience and growth potential of Mumbai’s real estate sector, while emphasising the adoption of eco-conscious standards that benefit residents and the broader metropolitan environment.

Prestige Group Eyes Rs 2000 Crore Revenue From Mumbai Garden Trails Project