Prestige Estates Projects has formed a joint venture with ABIL Group to develop a prime land parcel in Aram Nagar, Versova, through the entity Aaramnagar Realty LLP. This collaboration will focus on developing a prime land parcel through Aaramnagar Realty, situated at Aram Nagar in Versova, Mumbai, covering approximately six acres and has a total development potential of around 1.7 million sq. ft. (RERA area), with an anticipated gross development value (GDV) surpassing Rs 9,000 crore.
The proposed development is intended as a premium residential project, designed to address the increasing demand for high-quality housing in the western suburbs of Mumbai. Versova continues to be a sought-after micro-market, driven by its strong social infrastructure, connectivity, and proximity to key commercial hubs.
ABIL Group, a Pune-headquartered developer with significant experience in large residential projects, brings the local understanding and existing land rights, while Prestige brings scale, brand credibility and execution muscle. The locality sits on the Arabian Sea, offering actual sea-facing and sea-view residential possibilities in a city where such positions are vanishingly rare outside of South Mumbai and Bandra.
This strategic partnership is in line with Prestige Estates' broader expansion strategy, which aims to penetrate high-demand, supply-constrained urban areas. The project is currently at the joint-venture and planning stage, with unit configurations, tower design, pricing and RERA registration expected to be announced as the project moves toward launch.
Unit types, sizes and pricing for the Aram Nagar Versova project have not yet been released; Prestige and ABIL are expected to unveil configurations closer to formal launch. Given the scale of the development and the Versova micro-market, the project is expected to target premium 2, 3 and 4 BHK sea-facing and sea-view residences.
| Type | Size | Price | Status |
|---|---|---|---|
| 2 BHK | To be announced | On Request | Upcoming |
| 3 BHK | To be announced | On Request | Upcoming |
| 4 BHK | To be announced | On Request | Upcoming |
As a premium Prestige development, Aram Nagar Versova is expected to feature a comprehensive lifestyle amenity package in line with the developer's flagship Mumbai projects, though the final amenity list will be confirmed at launch.
A dedicated multi-level clubhouse for recreation and social gatherings.
Landscaped pool deck with dedicated kids' zone.
Fully equipped gymnasium and wellness zones.
Podium-level green spaces and walking trails.
Safe, dedicated play zones for younger residents.
Round-the-clock security and access control.
Indoor recreation and social lounge spaces.
Structured basement and podium parking for residents.
Aram Nagar in Versova sits on Mumbai's western coastline, just north of Juhu, and has long been known for its film and TV production offices alongside a residential base drawn to its seafront setting. The locality has established social infrastructure, reasonable school and hospital access, and decent connectivity to Andheri and the Western Express Highway. Everyday needs are well served locally, with ORCHIDS The International School, Bellevue Multispeciality Hospital, Infiniti Mall, Cinepolis Theatre, D Mart and a Joggers Park all within the surrounding Versova-Andheri belt. The area connects easily to key business and residential nodes, with effortless connectivity to prominent hubs like Juhu, Bandra and Lokhandwala, and transit options that include the Western Express Highway, SV Road, Link Road, Andheri Railway Station and the Versova Metro Station. Versova's coastal setting, combined with its improving infrastructure, is drawing renewed developer interest for premium housing that was previously concentrated in Juhu and Bandra.
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Content is provided strictly for information and does not constitute an offer, solicitation, or contractual commitment. Specifications, pricing, and availability may change at any time. Independent verification of all particulars is advised. About · Projects
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