Prestige Group traces its origins to 1986, when it was founded in Bengaluru by Razack Sattar and subsequently built into a listed, diversified developer under Chairman and Managing Director Irfan Razack. Prestige Group is a Class-A real-estate company founded by Razack Sattar in the year 1986, based in Bangalore, with iconic developments across major cities in India. The group listed on the BSE and NSE in October 2010, raising approximately ₹1,200 crore to fuel nationwide expansion. Scale has followed: as of March 2026, the Group has delivered 316 projects spanning 212 million sq. ft. and currently has a pipeline of 135 projects across 227 million sq. ft. It is also flagged industry-wide as a rated developer, being the only CRISIL DA1+ rated Real Estate Developer in India.
Mumbai and its metropolitan region are a relatively recent but deliberate addition to this footprint. Company disclosures around its Mumbai push describe a phase where since April 2022, it launched 2.5 million square feet of property in Mumbai, with 70 percent already sold, generating a topline of approximately Rs 6,500 crore, alongside a commercial push where the Prestige Group is set to develop 6.92 million square feet of Grade A office space within the next three years, located in Bandra Kurla Complex (BKC) and Mahalaxmi. That period of expansion is also when the group was reported to be exploring residential project opportunities in the suburbs of Mumbai, including Thane — the belt in which Majiwada sits.
The clearest evidence of Prestige Group's intent in this corridor is The Prestige City in Mulund West, a large integrated township a short run down the Eastern Express Highway from Majiwada. It is a 6.5-acre residential phase inside the 30+ acre Prestige City township at the foothills of Yogi Hills, Mulund West, part of Central Mumbai's largest integrated hillside township. Its Forest Hills cluster has been rolled out in phases: this new project in Mulund West was launched in August 2024, and its second phase, launched in 2026, added 500 premium residences offering spacious 3 and 4-bedroom residences, with apartment sizes ranging from 946 sq. ft. to 2,643 sq. ft. of RERA carpet area, ticket sizes starting from approximately ₹2.73 crore, across a total developable area of approximately 1.7 million sq. ft. with an estimated GDV of approximately ₹2,200 crore. Its own marketing frames the catchment precisely in terms relevant to Majiwada: the project targets premium and upper-mid-segment Mumbai buyers seeking large-format hillside homes with integrated township amenities — principally end-users upgrading from existing Mulund / Thane / Powai stock. For a household anchored in Majiwada, that is the same commute shed, the same highway, and the same developer.
Majiwada's relevance to a large-scale developer's calculus comes down to its position on the map. It sits where the Eastern Express Highway (EEH) enters Thane and merges into the Mumbai–Nashik highway corridor, and also acts as the starting point of Ghodbunder Road (MH SH-42) towards the Western Express Highway. For anyone driving into Thane from Mumbai, or moving between Thane, Bhiwandi, Kalyan, Nashik or the western suburbs, Majiwada is effectively the city gate. That junction status has driven visible densification: over the last decade, that gate has turned into a full-fledged neighbourhood with malls, hospitals, schools and high-rise housing built around it.
The metro layer reinforces this. Majiwada attracts strong investor interest due to its presence at the junction of two major highways and the upcoming Metro Line 4 and Line 5 interchange at Kapurbawdi. Social infrastructure is already dense rather than aspirational — residents point to booming markets and shopping centres, including Viviana Mall, Korum Mall, R Mall, and Saket Complex, and to established healthcare anchors such as Jupiter and Bethany hospitals. Employment demand is layered too, with Thane's own commercial base close by and Powai, BKC and South Mumbai reachable along the EEH — the same corridor the Prestige City township in Mulund leans on for its own catchment logic.
Majiwada trades at a premium to much of Thane West, reflecting its junction position. The average sale price of properties in the locality is 19,300/sq. ft., with a broad working range of ₹6,600 to ₹24,561 per sq ft depending on tower vintage and view. Appreciation has been steady rather than speculative: property prices in Majiwada, Thane have increased by 7.1% in the past year, 19.7% in the past 3 years, and 17.1% in the past 5 years. Rental yields sit in a realistic band for an end-user market — a practical, conservative band for Majiwada apartments is around 2–5% net rental yield — which is consistent with a locality driven more by owner-occupier demand and connectivity-led appreciation than by pure rental arbitrage. Independent locality scoring backs this up: on one major portal, the locality ranks 16th out of 688 localities tracked across the Mumbai Metropolitan Region.
For a buyer evaluating Prestige Group in this part of Thane, the relevant facts are less about a single project and more about how the group operates at this end of the market. It builds large, amenity-dense townships rather than standalone towers — the Mulund development includes the Prestige Bellanza and Prestige Siesta residential clusters, the Prestige Trade Center commercial block, a planned high-street retail strip, a school, a hospital, and a temple, all under one master plan. It brings institutional-grade execution partners, with a master plan designed by Architect Hafeez Contractor with Coopers Hill and JW Consultants LLP, and L&T Construction as the appointed contractor. And it operates at a listed-company scale that gives buyers financial transparency uncommon among regional builders, backed by FY25 sales bookings of approximately ₹17,000 crore, with H1 FY26 sales at ₹18,144 crore as of September 2025. Majiwada's position at the head of the Eastern Express Highway and Ghodbunder Road, its established social infrastructure, and its place in the same commuting and upgrade catchment as Prestige Group's Mulund township are what make this address relevant to a Prestige Group buyer looking at Thane.