Prestige Estates Launches Phase 2 of Prestige Forest Hills at The Prestige City, Mulund with ₹2,200 Crore GDV
Prestige Group Launches Phase 2 of Prestige Forest Hills in Mulund
Prestige Estates Projects has launched Phase 2 of Prestige Forest Hills at The Prestige City in Mulund, Mumbai. The project comprises Towers C (in part) and Tower D, featuring 500 premium 3 and 4-bedroom residences with a total developable area of approximately 1.7 million sq. ft. and an estimated Gross Development Value (GDV) of approximately ₹2,200 crore.
Located at the foothills of Yogi Hills in Mulund West, the development marks the second phase of the Forest Hills residential cluster within the broader 32-acre integrated township. Phase 1, comprising Towers A & B, was launched in August 2024.
Unit Configuration and Pricing
The apartment sizes range from 946 sq. ft. to 2,643 sq. ft. of RERA carpet area, with ticket sizes starting from approximately ₹2.73 crore. The phase introduces exclusively premium 3 and 4-bedroom formats, reflecting the developer's shift toward higher-margin residential segments.
The launch aligns with a period of record property registrations in Mumbai, which hit a 14-year peak in June 2026.
The Prestige City Framework
The project is part of The Prestige City, Mulund, a large integrated township spread across approximately 32 acres. The township includes proposed retail, commercial, educational, healthcare, and social infrastructure.
Prestige Forest Hills is spread across approximately 6.5 acres and includes four high-rise towers with over 50 lifestyle amenities. Around 80 percent of the area is planned with gardens and green zones.
Developer Track Record
As of March 2026, Prestige Group has delivered 316 projects spanning 212 million sq. ft. and currently has a pipeline of 135 projects across 227 million sq. ft. As the only developer in India to maintain a CRISIL DA1+ rating since 2012, Prestige provides an elite level of financial security and project reliability that is unmatched in the MMR region.
Between 2015 and 2025, Prestige Group completed over 150 projects, delivering more than 100 million square feet of residential, commercial, and mixed-use developments across India. Post-RERA, Prestige's on-time possession track record has been strong — typically within 3–6 months of the RERA-committed date. The company reports that approximately 90% of ongoing projects are on-schedule or ahead of schedule.
Mulund's Market Position
Mulund enjoys an ideal geographical position on the north-eastern periphery of Mumbai, making it the gateway to Thane, Navi Mumbai, BKC, and Nashik. It lies at the centre of all major commercial activity in the city and its satellite towns. Mulund is a serene residential haven nestled in the close proximity of Sanjay Gandhi National Park.
Infrastructure initiatives like the Mumbai Metro Line 4, the Mulund-Thane Tunnel for water conveyance, and the Goregaon-Mulund Link Road are set to improve transportation. These transformative developments have positioned Mulund as a highly coveted investment location, promising continued progress and escalating property values.
Corporate Performance and Expansion
Prestige Group recorded ₹7,697.3 Crore in pre-sales in the final quarter of FY26, closing the year with ₹30,024.5 Crore in total sales. The phase boosts the company's FY27 launch pipeline, which is currently estimated at ₹58,000 crore. Prestige Estates is aggressively scaling its Mumbai presence to meet its ₹36,000 crore pre-sales target for FY27.
Prestige's strategic prowess is underscored by a vast land bank exceeding 728 acres. Currently, Prestige Realty Mumbai is managing 56 active projects spanning 86 million square feet, with another 43 ventures in the planning stages.