About The Prestige Place
The Prestige Place is Prestige Group's new premium mixed-use brand, and its flagship Mumbai address comes up in Worli — one of South Mumbai's most sought-after micro-markets. Real-estate developer Prestige Group has announced the launch of "The Prestige Place", a new sub-brand positioned for high-end mixed-use developments, designed to deliver integrated developments that combine hospitality, branded residences, premium homes, offices and retail under one campus, with the Mumbai project spanning approximately 17 acres in a slum redevelopment zone.
The development is being executed in partnership with Valor Estate Ltd (formerly DB Realty). Valor Estate, through its wholly owned subsidiary and in collaboration with Prestige Estates Projects, is leading a landmark slum redevelopment initiative undertaken under the Worli Urban Development Project, spanning approximately 70,000 square metres at Dr. E Moses Road, widely known as the Jijamata Nagar Redevelopment Project. Once fully vacated, the land will be transformed into "The Prestige Place", a world-class, mixed-use development with over 4 million square feet of saleable FSI, masterplanned by global architecture firm SOM.
On the hospitality and retail front, the project is designed as a true live-work-play destination. The Mumbai project will feature a Hilton hotel, branded residences, apartments, offices and a Forum Mall. The scale and design pedigree place it among the most ambitious urban renewal initiatives South Mumbai has seen in a generation.
As of the latest updates, rehabilitation of existing occupants is well underway ahead of formal launch. The project involves the rehabilitation of approximately 4,029 residential and commercial structures, and to date, 3,661 families have already been relocated through transit accommodations or rent. This positions The Prestige Place as an early-stage, high-potential opportunity for buyers looking to enter a landmark South Mumbai address ahead of formal sales launch.
