Prestige Group Acquires Land in Mira-Bhayandar
Real Estate

Prestige Group Acquires Land in Mira-Bhayandar

Prestige Group, a prominent player in India's real estate sector, has acquired a 22,135 square meter plot of land in the Mira-Bhayandar area for ?291.58 crore. This acquisition marks a significant expansion of the group's presence in the Mumbai metropolitan region, a highly competitive and rapidly growing real estate market.

The newly acquired land is expected to be used for either a residential or mixed-use development, enhancing the group's portfolio with potential high-value projects. Mira-Bhayandar, a part of the Mumbai Metropolitan Region (MMR), has been experiencing rapid growth in residential and commercial infrastructure, driven by increased urbanization and the demand for housing and commercial spaces in proximity to Mumbai.

With this purchase, Prestige Group is looking to capitalize on the expanding real estate market in Mira-Bhayandar, an area known for its affordable housing options and growing commercial infrastructure. The deal highlights the group's strategy to tap into emerging markets in and around Mumbai, which continue to offer promising returns for developers and investors.

This acquisition is aligned with Prestige Group's vision to enhance its market presence and portfolio in key urban areas. The group's strong focus on residential, commercial, and mixed-use developments has helped it establish a commanding presence in India's top real estate markets. With this latest land purchase, Prestige Group is poised to further strengthen its footprint in Mumbai's expanding suburban landscape.

Prestige Group, a prominent player in India's real estate sector, has acquired a 22,135 square meter plot of land in the Mira-Bhayandar area for ?291.58 crore. This acquisition marks a significant expansion of the group's presence in the Mumbai metropolitan region, a highly competitive and rapidly growing real estate market. The newly acquired land is expected to be used for either a residential or mixed-use development, enhancing the group's portfolio with potential high-value projects. Mira-Bhayandar, a part of the Mumbai Metropolitan Region (MMR), has been experiencing rapid growth in residential and commercial infrastructure, driven by increased urbanization and the demand for housing and commercial spaces in proximity to Mumbai. With this purchase, Prestige Group is looking to capitalize on the expanding real estate market in Mira-Bhayandar, an area known for its affordable housing options and growing commercial infrastructure. The deal highlights the group's strategy to tap into emerging markets in and around Mumbai, which continue to offer promising returns for developers and investors. This acquisition is aligned with Prestige Group's vision to enhance its market presence and portfolio in key urban areas. The group's strong focus on residential, commercial, and mixed-use developments has helped it establish a commanding presence in India's top real estate markets. With this latest land purchase, Prestige Group is poised to further strengthen its footprint in Mumbai's expanding suburban landscape.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?