Prestige Estates Projects Limited — Updates, 14-11-2024: Press Release

Prestige Group has acquired a substantial land parcel of 22,135 sq. meters in Mira Bhayandar, Mumbai, adjacent to the Western Express Highway, at a cost of approximately ₹ 291.58 Cr. This land is earmarked for residential development and is expected to yield around 1 Mn sq ft of carpet area. The Chairman and Managing Director, Mr. Irfan Razack, expressed excitement over this acquisition, highlighting it as a strategic move to enhance their presence in Mumbai and meet the rising demand for modern urban living. This initiative aligns with the company's long-term vision of creating transformative spaces and represents a positive outlook for growth in the Mumbai region.