Prestige Estates, ABIL Group Partner for ₹9,000 Crore Premium Housing Project in Mumbai's Versova

Mumbai, April 10: The development spans approximately 6 acres in the Aaram Nagar area of Versova, with development rights held by Aaramnagar Realty LLP.

Project Details

• Total development potential: Approximately 1.7 million sq ft (RERA area)

• Estimated Gross Development Value (GDV): Over ₹9,000 crore

• Project type: Premium residential

• Location: Versova, Mumbai's western suburbs

Location Advantage

Versova remains a sought-after micro-market, driven by:

• Strong social infrastructure

• Excellent connectivity

• Proximity to key commercial hubs

Leadership Statement

Irfan Razack, Chairman and Managing Director of Prestige Group, said: "Mumbai remains a key focus market for us, and this opportunity in Versova is a natural extension of our growing presence in the city. We continue to see steady demand for well-located, quality developments, particularly in established micro-markets such as Versova."

Recent Prestige Estates Announcements

Gurugram (April 1, 2026):

• 17.212-acre land parcel in Sector 92

• Joint Development Agreement (JDA)

• Estimated GDV: ₹4,200 crore

Hyderabad (Last week):

• Prestige Golden Grove (29-acre township in Tellapur)

• 5,120 units (10.36 million sq ft saleable area)

• Estimated GDV: Over ₹9,500 crore

• Ticket sizes: ₹1 crore to ₹3 crore