Prestige launches ₹2,200 cr Mumbai phase, 17% of FY26 revenue
Phase 2 of Prestige Forest Hills brings 500 premium apartments. The GDV equals 16.7% of FY26 revenue, significantly boosting the pipeline.
— 6 earlier stories on Prestige Estates Projects Ltd. →What's new
- Launched Phase 2 of Prestige Forest Hills, 500 3/4-BHK apartments, 1.7 msf.
- Estimated GDV of ₹2,200 cr, about 16.7% of FY26 revenue.
- Follows Phase 1 launch in August 2024; part of 32-acre Prestige City township.
Why this matters
At 16.7% of FY26 revenue, this single phase is material for a large-cap developer. It adds medium-term revenue visibility and strengthens Prestige's Mumbai foothold. The scale is notable, even if the launch is an expected expansion of an existing township.
What we're watching
- Execution timeline and absorption for the 500 units.
- Further phases and commercial components of Prestige City.
- Impact of Mumbai market demand on pricing and margins.
The full read
Prestige Estates is scaling up its Mumbai presence with Phase 2 of Prestige Forest Hills, a 500-apartment block in Mulund worth an estimated ₹2,200 crore in gross development value. That's 16.7% of the company's FY26 revenue — material by any measure for a large-cap developer. The phase adds 1.7 million sq. ft. of developable area to the 6.5-acre Forest Hills component of the 32-acre Prestige City township, where Phase 1 launched in August 2024. The GDV is the number that matters: it locks in a sizable slice of future revenue, even if the launch itself is an expected step in a pre-announced project. Execution and absorption will determine how much of that ₹2,200 crore flows to the bottom line.
Questions answered
- What is the Gross Development Value of Phase 2?
- The estimated GDV is approximately ₹2,200 crore. That is about 16.7% of Prestige's FY26 revenue of ₹13,195.5 crore.
- How does Phase 2 compare to Phase 1?
- Phase 1 (Towers A and B) was launched in August 2024. Phase 2 adds 500 units, expanding the Forest Hills component within the 6.5-acre parcel.
- What is the total size of The Prestige City, Mulund?
- The Prestige City is a 32-acre integrated township in Mulund, Mumbai, including residential, retail, commercial, educational, and social infrastructure.
Prestige Estates Projects Ltd.
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All notes on PRESTIGE →- 30 Jun 2026 · 6:23 PM IST Prestige launches ₹2,200 cr Mumbai phase, 17% of FY26 revenue
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