Prestige Group has entered a landmark 50:50 joint venture with Advent Hotels International to develop a hospitality-led, mixed-use project on a 5.4-acre parcel in Sahar, Andheri East — one of Mumbai's most land-constrained micro-markets. The project itself spans approximately 5.4 acres (21,978.22 square metres) of prime land in Sahar, Andheri East, near Mumbai's International Airport. It will feature roughly 1.5 million square feet of leasable space with a projected Gross Development Value of ₹4,500 crore.
The development is structured through Advent Convention & Hotels International Ltd (ACHIL), the special purpose vehicle formed for this asset. The transaction gives Prestige Estates equal economic and voting rights in ACHIL, while Advent Hotels retains the balance stake. The development is positioned as a hospitality-led mixed-use complex, combining premium hotel operations with complementary commercial and office components.
Industry estimates suggest a substantial component mix within the 1.5 million sq ft envelope. The 1.5 million square feet of leasable space suggests a configuration of approximately 400–600 hotel rooms (likely 5-star branded), 300,000–400,000 square feet of Grade-A office space, and 200,000–300,000 square feet of premium F&B, retail, and convention facilities. Prestige's emphasis on LEED Platinum and IGBC Gold certifications across its Mumbai portfolio indicates this project will pursue similar green-building standards.
This marks Prestige's deepening commitment to Mumbai's commercial and hospitality real estate after entering the city's residential market in 2022. For Prestige, the move represents a calculated expansion beyond pure office development into integrated hospitality-commercial ecosystems—a higher-complexity asset class but one with significant value creation potential in a premium location.
As a hospitality-led integrated development, the project combines hotel keys, Grade-A office floors, and retail/F&B/convention space rather than conventional residential units; final leasing and sale terms will be announced closer to launch.
| Type | Size | Price | Status |
|---|---|---|---|
| Grade-A Office Space | 3–4 Lakh Sq Ft (approx.) | Price on Request | Upcoming |
| Hospitality (Hotel Keys) | 400–600 Keys (approx.) | Not for Sale | Upcoming |
| Retail, F&B & Convention | 2–3 Lakh Sq Ft (approx.) | Price on Request | Upcoming |
| Total Leasable Area | ~1.5 Million Sq Ft | GDV ₹4,500 Cr | Upcoming |
The project is envisioned as a full-service hospitality-office ecosystem catering to corporate occupiers, business travellers, and event organisers.
Upper-upscale hotel operations integrated within the mixed-use complex.
Column-efficient, large-format floor plates designed for MNCs and corporates.
Purpose-built venues for conferences, MICE events, and business gatherings.
Curated dining and retail experiences within the ground-level podium.
Executive lounges and meeting suites for corporate tenants and guests.
Open courtyards designed for pursuit of LEED/IGBC green-building standards.
Dedicated parking for office tenants, hotel guests, and event visitors.
Institutional-grade security and upkeep across the integrated campus.
Sahar is one of Mumbai's most sought-after airport-adjacent micro-markets, sitting minutes from Chhatrapati Shivaji Maharaj International Airport's terminals. The Sahar/Andheri East micro-market is evolving from a pure-play airport hospitality zone into a premium integrated commercial hub. The micro-market has seen sustained demand from multinational corporations, mid-size IT and logistics firms, and e-commerce operations seeking alternatives to saturated central business districts like BKC. Connectivity is a core strength of the location, with the Western Express Highway, JVLR, and the upcoming Mumbai Metro corridors linking Sahar to SEEPZ, Powai, BKC, and the western suburbs. Infrastructure improvements enhancing connectivity to Sahar and Andheri East are supporting commercial leasing demand. The presence of established hospitality assets nearby, including Advent's own Hilton Mumbai Andheri East, further reinforces Sahar's positioning as an integrated business and hospitality corridor rather than a purely residential suburb.
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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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