Prestige Jijamata Nagar is a pre-launch residential redevelopment by Prestige Group in Worli, one of South Mumbai's most sought-after coastal neighbourhoods. The project is being developed through Prestige Falcon Mumbai Realty, a Prestige Estates subsidiary, which has signed a redevelopment agreement with the Worli Shivshahi Co-operative Housing Society. The redevelopment project involves 192 tenements spread across 3.3 acres in Worli. The society is located opposite the GlaxoSmithKline Pharmaceuticals property on Dr Annie Besant Road.
The scale of the redevelopment is significant for Worli's skyline. The overall development potential of the project in Worli will be one mn sq ft carpet area, and after factoring the rehabilitation portion, the free-sale component will be around 7.5 lakh sq ft. Prestige is planning a premium residential project here, estimated to fetch revenue of around Rs 6,000 crore given the ongoing property rates in the vicinity.
As part of the agreement, Prestige Estate has repaid a loan worth Rs 170 crore raised by the earlier developer against the development potential of the housing society and will also invest over Rs 578 crore towards construction cost, compensation to society members, and premium towards availing fungible FSI. The redevelopment had been stalled for over a decade before Prestige stepped in with a fresh development agreement, giving existing society members modern rehabilitation housing alongside a new premium free-sale tower for open-market buyers.
The project is currently at the planning and approvals stage, with unit configurations expected to include 2 and 3 BHK apartments once formally launched. As with most Prestige redevelopment projects in Mumbai, pricing, RERA registration, and detailed floor plans will be released closer to the official launch.
Prestige Jijamata Nagar is expected to offer 2 and 3 BHK residences once the free-sale component is launched; exact carpet areas and prices will be confirmed at RERA registration.
| Type | Size | Price | Status |
|---|---|---|---|
| 2 BHK | TBA | Price on Request | Pre-launch |
| 3 BHK | TBA | Price on Request | Pre-launch |
As a Prestige-branded high-rise, Jijamata Nagar is expected to feature a comprehensive amenity deck once the design is finalised.
A dedicated indoor clubhouse for residents' recreation and social gatherings.
A landscaped pool deck for leisure and fitness.
A modern fitness centre equipped for daily workouts.
Green open spaces designed to offer a breather from the city bustle.
A safe, dedicated zone for children within the complex.
Dedicated tracks for morning walks and jogging.
Indoor space for community events and celebrations.
Round-the-clock surveillance and manned security for residents' safety.
Prestige Jijamata Nagar sits on Dr Annie Besant Road in Worli, directly opposite the GlaxoSmithKline Pharmaceuticals property, placing it in one of South Mumbai's most established and continuously upgrading micro-markets. The stretch is flanked by the Bandra-Worli Sea Link and the Eastern Freeway, giving residents fast access to Bandra-Kurla Complex, Lower Parel's business district, and South Mumbai's commercial core. Worli's ongoing transformation with the Mumbai Coastal Road and Metro Line 3 corridor is further boosting connectivity and long-term property values in the area. Key landmarks within easy reach include Worli Sea Face, Atria Mall, NSCI Dome, Asian Heart Institute, and the upscale retail and hospitality strip around Annie Besant Road. Reputed schools and hospitals such as Podar International School and Jaslok Hospital are also in the vicinity. Mumbai's international airport is around 14 km away, keeping the location well connected for frequent flyers and business travellers alike.
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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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