Prestige Group's entry into Mira Road East marks the Bengaluru-headquartered developer's deliberate push into Mumbai's fast-maturing northern suburbs. The group acquired approximately 22,135 sq m of land in the Mira Bhayandar Municipal Corporation area, paying ₹291.58 crore for a plot positioned directly adjacent to the Western Express Highway. That land transaction — publicly disclosed and priced at institutional scale — is the foundation on which Prestige Garden Trails now stands.
Founded in 1986 and led by CMD Irfan Razack alongside his brothers Rezwan and Noaman Razack, the group has completed over 300 projects covering 180-plus million square feet, carries 56 ongoing projects totalling 86 million square feet, and holds a CRISIL DA1+ grading and an ICRA A+ credit rating. Its portfolio spans residential, commercial, retail, hospitality and integrated townships, and the group is publicly listed on the BSE.
By 2025, Prestige had completed its first three Mumbai projects, encompassing 2.8 million square feet of residential and commercial development delivering 695 residential units. Those projects — including Prestige Daffodils in Pali Hills, Prestige Jasdan Classic in Mahalaxmi, and Siesta at The Prestige City in Mulund — established the group's credibility across Mumbai's price spectrum before it turned its attention to the western suburban growth corridor at Mira Road East.
Spread across 5 acres, Prestige Garden Trails comprises five high-rise towers designed by Padma Bhushan awardee Dr. Hafeez Contractor. The project is RERA-registered under MahaRERA ID PR1330002501223. The configuration mix includes 1 BHK apartments of 450–480 sq ft priced from ₹95 lakhs; 2 BHK units of 680–750 sq ft from ₹1.59 crore; and 3 BHK apartments of 900–950 sq ft from ₹2.09 crore.
The 2 BHK units extend to 760 sq ft — a carpet area that is relatively uncommon in a market where most developers default to compact layouts. A 2.5 BHK configuration at 862 sq ft adds further choice for buyers who want more than a standard two-bedroom without moving to a full three-bedroom footprint. The towers are planned at 3 podiums plus ground plus 35 floors.
The development features five high-rise towers surrounded by approximately 3.5 acres of lifestyle amenities and 2.8 acres of landscaped greens. The amenity layer includes landscaped gardens, walking trails, swimming pools, yoga decks, fitness areas and children's play zones. A mini theatre is among the exclusive amenities reserved for residents. The RERA possession date is December 2030, with construction approximately 10% complete as of February 2026.
| Configuration | Carpet Area | Starting Price |
|---|---|---|
| 1 BHK | 452 sq ft | ₹95 lakhs onwards |
| 2 BHK | 680–760 sq ft | ₹1.59 crore onwards |
| 2.5 BHK | 862 sq ft | On request |
| 3 BHK | 900–956 sq ft | ₹2.09 crore onwards |
Mira Road East has emerged as one of Mumbai's fastest-developing residential micro-markets, anchored by the Western Express Highway and the upcoming Metro Line 9 running from Dahisar East to Mira Bhayandar. The site Prestige selected — Mahajan Wadi on the Western Express Highway — sits at the northern boundary of Greater Mumbai, where land parcel sizes large enough for a five-tower gated community are still acquirable.
The project is approximately 450 metres from the Western Express Highway and 42 metres from Thakur Mall. Pandurang Wadi Metro Station on Line 9 is a two-minute walk; Bhaktivedanta Hospital is eight minutes by road; Singapore International School is two minutes by walk; and Dahisar railway station is a ten-minute drive.
The market context reinforces the timing of Prestige's entry. Flat rates in Mira Road East have moved 8.4% in the past year, 19.6% over three years and 26.8% over five years. With 10–12% year-on-year price appreciation, Mira Road is counted among Mumbai's top five investment zones in 2025. Premium pockets closer to highways or transit hubs trade at ₹12,000–₹13,000 per sq ft or more — a band in which a Prestige-branded product, designed by Hafeez Contractor, competes on specification rather than just location.
Several infrastructure projects converge on or near this address, each at a different stage of development:
The upcoming Metro Line 9 and recent double-decker road infrastructure are already being priced into real estate in the area, with buyers willing to pay a premium for proximity to future metro stations even before operations begin.
The Mahajan Wadi micro-location already has a mature grid of schools, hospitals and retail within a short drive. Verified landmarks within the corridor include:
Wockhardt Hospital and Thunga Hospital are both within a 12-minute drive, providing established medical infrastructure for residents.
Prestige Garden Trails is not the first branded developer project on this stretch, but it is the first to bring the combination of a nationally-rated developer, an architect of Hafeez Contractor's profile, and a sub-₹1 crore entry point to the Mahajan Wadi node. Prestige Group CMD Irfan Razack has publicly stated the Mira Bhayandar project's aim is to create transformative spaces accommodating modern lifestyles while focusing on long-term value creation.
Prestige Group, founded in 1986, has built a portfolio spanning residential, commercial, retail, hospitality and integrated townships, and is publicly listed and recognised for on-time delivery, build quality and design-led architecture. For buyers in a micro-market where the developer's track record directly affects resale value and rental demand, that institutional profile carries measurable weight. The group's plan for the Mira Bhayandar land is to develop approximately one million square feet of carpet area — a scale that, when delivered, will create one of the larger branded gated communities on this section of the Western Express Highway.