Prestige Group Launches Rs 2,000 Crore Prestige Garden Trails In Mira Road
Prestige Group has formally entered Mumbai's western suburbs with Prestige Garden Trails, a residential development positioned at the confluence of Dahisar and Mira Road on the Western Express Highway. Prestige Group has announced the launch of its latest residential development Prestige Garden Trails located in the fast-growing Dahisar-Mira Road corridor at Western Express Highway in Mumbai, spanning across 5.2 acres, the project offers a total carpet area of approximately 1 million sq. ft., comprising 1,324 residential units designed to meet the evolving aspirations of homebuyers.
The project carries a substantial revenue potential for the developer. With a Gross Development Value (GDV) of approximately Rs 2,000 crore, Prestige Garden Trails represents the Group's continued commitment to delivering high-quality homes that blend functionality, design, and affordability. The development will comprise five towers rising up to 35-40 floors, designed by architect Dr. Hafeez Contractor, and will offer 1, 2 and 3 BHK apartments catering to a wide range of buyers.
Connectivity is central to the project's pitch to homebuyers. Strategically positioned at the confluence of Dahisar and Mira Road just two minutes walk from the upcoming Metro station, the development enjoys excellent connectivity to major employment hubs through the Western Express Highway, Metro Line 9, and upcoming infrastructure upgrades. This puts residents within easy reach of established retail hubs such as Thakur Mall and Maxus Mall, along with schools, hospitals and the broader Mira Bhayandar social infrastructure.
Speaking on the launch, Prestige Group's leadership tied the project to the company's broader Mumbai strategy. Irfan Razack said, "With The Prestige City Mulund, our flagship integrated township in the eastern suburbs, we have successfully extended that credibility to a wider audience. Building on this momentum, we now aim to leverage our brand equity to drive greater scale and speed in the suburban markets, translating goodwill into both velocity and volume." The Mira Road project effectively extends the township playbook Prestige built in Mulund into the city's western corridor.
The launch also comes at a moment of strong momentum for Prestige Estates. Prestige Estates recorded a 50 per cent increase in sales bookings during the second quarter of this fiscal year, reaching INR 6,017.3 crore due to strong housing demand, with sales volumes for the quarter at 4.42 million sq ft, a 47 per cent rise year-on-year, and average realisation for apartments increasing 8 per cent year-on-year to INR 14,906 per sq ft. Following the announcement, the developer's stock reacted positively, with the launch cited as a driver of investor sentiment.
Mira Road itself is benefiting from a wider suburban demand shift in Mumbai's residential market. Mumbai continues to dominate India's residential market in 2025, driven by steady demand, rising premium property sales, and strong investor confidence, with the city recording the highest residential sales in the country at 24,706 units sold in Q3 2025, reflecting a 2% year-on-year increase. Suburban regions like Mira Road have seen increasing interest from buyers due to improved connectivity, rising population of mid-income professionals, and upcoming infrastructure projects.
For homebuyers, Prestige Garden Trails is being positioned as a mid-segment offering rather than an ultra-luxury bet. This location ensures convenient access to major employment hubs, retail centers, educational institutions, and healthcare facilities, making it a practical option for mid-segment homebuyers seeking suburban housing with connectivity to the city. Apartment configurations reportedly start with 1 BHK units and extend to spacious 3 BHK layouts, with the project registered under MahaRERA with possession targeted around late 2030.
