Prestige Group expands with land acquisition in Mira Bhayandar, 22,135 sq. metre land for ₹291.58 crore. This acquisition marks the company’s first move outside the greater Mumbai region. The site, located near the Western Express Highway, will soon be developed into a residential project. It will cover 1 million square feet of carpet area.
Prestige Group expands its presence in Mira Bhayandar’s real estate market
Prestige Group’s chairman and managing director, Irfan Razack, expressed his excitement about the acquisition. He stated, “We are thrilled to expand into Mumbai with this land purchase. This project reinforces our commitment to strengthen our regional presence and meet the growing demand for modern urban living.”
This acquisition allows the company to meet the rising demand for high-quality residential spaces in Mumbai’s metropolitan area.
Mira Bhayandar: An expanding hub for real estate development
Historically, Mira Bhayandar has been dominated by local developers. However, the arrival of national players like Prestige Group is changing the dynamics. The area has already attracted developers like Kanakia Spaces, Kalpataru-Dynamix consortium, N L Dalmia Group, and others like Lodha Group, JP Infra, and Sunteck Realty.
Through this acquisition, Prestige Group plans to meet the growing demand for modern housing in Mira Bhayandar. The development will offer state-of-the-art amenities and infrastructure to meet the region’s evolving needs.
Why Prestige Group’s expansion in Mira Bhayandar is a game changer
Mira Bhayandar’s real estate market continues to thrive. As demand for premium housing rises, the region offers exciting growth opportunities. Furthermore, Prestige Group’s entry adds credibility to the area’s development prospects, encouraging further investment.
Mira Bhayandar: The future of real estate development in Mumbai
In conclusion, Prestige Group’s land acquisition in Mira Bhayandar marks a significant step for the region’s real estate market. As the area expands, the company’s expertise will help provide top-tier housing options, benefiting residents and investors. Mira Bhayandar is on track for a promising future, with ample growth on the horizon.
