Prestige Group is a Bangalore-headquartered real estate development company founded in 1986, with a footprint spanning residential, commercial, retail, and hospitality projects across Bangalore, Chennai, Hyderabad, Mumbai, Mangalore, Goa, and Delhi-NCR. The group has completed over 300 projects spanning a developable area of 180 million square feet and has 56 ongoing projects across segments, with a total developable area of 86 million square feet. As of 2025–26, Prestige Estates Projects Ltd holds CRISIL's highest developer grade, DA1+, reflecting strong execution capability, financial stability, and transparent documentation — a rating reaffirmed in 2025, making Prestige the only real estate company in India to hold it.
The group's entry into Mumbai in 2022 marked a pivotal shift, driven by the need to adapt to the city's dense urban landscape and stringent regulations, with initial projects emphasizing vertical developments to optimize limited land availability and navigate RERA compliance. By 2025, Prestige achieved a significant milestone in Mumbai with the completion of its first three projects, encompassing 2.8 million square feet of residential and commercial developments that delivered 695 residential units — highlighting the group's ability to execute in a competitive market characterized by high construction costs and regulatory scrutiny. Within this Mumbai push, Mulund West has become the group's most substantial concentration of residential supply in the city.
The Prestige City is currently one of the largest township developments in Mumbai, and Forest Hills is its flagship hillside component — covering over 30 acres in Mulund West, right at the edge of the Sanjay Gandhi National Park. The township model Prestige has used at scale in Bangalore — most notably at Prestige Shantiniketan and Prestige Lakeside Habitat — is the same template applied here: multiple residential clusters sharing a central amenity spine, low tower density relative to land area, and a retail component integrated into the master plan.
Within The Prestige City, several distinct sub-projects have been delivered or are under construction. Bellanza spans 7 acres with just 6 towers, offering low tower density and ample open space. Forest Hills spans 6.7 acres with only 4 towers, providing abundant open space, better ventilation, and the towers positioned so no apartments face each other — giving every home unobstructed views. Construction across the township is currently 45% complete as of April 2026.
Prestige Forest Hills Mulund Phase 2 is an upcoming housing development located in Mulund West, Mumbai, sprawling over 15 acres and offering 1, 2, 3, and 4 BHK flats ranging from 946 sq. ft. to 1,323 sq. ft. The master plan features three high-rise towers named Maple, Cedar, and Pine. Maple Tower has 25 floors with 3 apartments per floor; Cedar has 26 floors with just 2 apartments per floor for greater privacy; Pine is the tallest at 30 floors with 4 apartments per floor.
The master plan preserves over 75% open space across the 15-acre site. The project is situated on LBS Road, providing excellent connectivity to major parts of Mumbai. It is also in close proximity to Sanjay Gandhi National Park, allowing residents sustained access to a green buffer that Mumbai's denser inner suburbs cannot replicate.
The 3 BHK with deck units range from 946 sq. ft. to 1,323 sq. ft. in carpet area. The 4 BHK with 2 decks units have carpet areas from 1,537 sq. ft. to 2,157 sq. ft. Pricing for the 3 BHK with deck starts from ₹3.09 crore, while the 4 BHK with 2 decks is priced from ₹5.29 crore. The township is expected to be launched in 2026 and possession is planned for 2030.
Mulund occupies an ideal geographical position on the north-eastern periphery of Mumbai — the gateway to Thane, Navi Mumbai, BKC, and Nashik — placing it at the centre of major commercial activity while remaining in close proximity to Sanjay Gandhi National Park. This combination of access and green edge is precisely what the Prestige township format requires: enough land at scale to build low-density, yet close enough to employment corridors to sustain long-term demand.
The Prestige City's Forest Hills cluster sits near Agarwal Road, Ghati Pada, Mulund West — 1.5 km from R Mall, 2.7 km from Mulund Station, and 2.9 km from the Eastern Express Highway. The project enjoys connectivity via the Eastern Express Highway and LBS Marg, with the upcoming Goregaon–Mulund Link Road set to further enhance movement across the city.
Metro Line 4 is a 32.32 km elevated corridor connecting Wadala to Kasarvadavali — once operational, it will plug Mulund directly into Mumbai's core transit network, altering commute patterns and reframing how homebuyers and investors evaluate long-term value. The phased opening is expected to reduce travel time to Thane and Wadala by an estimated 50–75%, which is the primary catalyst for the real estate growth currently visible in this micro-market.
The Goregaon–Mulund Link Road, another transformative project, will connect the Western Express Highway at Goregaon with the Eastern Express Highway at Mulund, projected to reduce travel time between the two corridors from the current 75 minutes to just 25 minutes — directly enhancing east-west connectivity for Mulund West residents.
Average per-square-foot rates in Mulund West in Q1 2025 reached ₹34,500, up from roughly ₹33,800 in Q1 2024, confirming continued buyer and investor confidence driven by consistent demand levels. Infrastructure analysts forecast a property value increase of 10–15% in the micro-market tied to Metro Line 4 and GMLR completion. Against this backdrop, Prestige Forest Hills Phase 2's pricing — starting at ₹3.09 crore for a 3 BHK — represents the group's entry point into a market where branded, large-format supply remains limited.
Mulund is witnessing growth in multi-specialty hospitals including Fortis Hospital, Aditi Hospital, and Hira Mongi Navneet Hospital, providing advanced healthcare options within the suburb. A number of reputed schools offering CBSE, ICSE, and IB boards — including Bombay Presidency International School and NES International School — give families established educational options without leaving the neighbourhood. R Mall provides retail and entertainment within the immediate vicinity, and Mulund's social infrastructure is already built out rather than being dependent on future development.
In November 2025, Prestige Group announced plans to invest ₹10,000 crore in West India, expanding its presence primarily across Mumbai and Pune with new residential and mixed-use projects. Notably, Mumbai sales surpassed Bengaluru for the first time in Q4 FY2025 with the launch of Prestige Nautilus, which clocked sales of approximately ₹2,400 crore within one month. This trajectory signals that Mumbai — and Mulund West within it — is no longer an experimental outpost for the group but a primary revenue market.
By 2025, expansions in Mumbai included a 200,000-square-foot retail facility integrated into the Mulund township, broadening the Prestige City's self-sufficiency and adding commercial value to the residential address. For buyers evaluating Prestige Forest Hills Mulund Phase 2, the scale of the developer's commitment to this precise location — multiple sub-projects, retail integration, ongoing construction progress — provides a level of context about delivery probability that a single standalone building cannot offer.