Prestige Estates Plans Rs. 10,000 Cr Expansion Across West India

Prestige Estates Projects, one of India’s leading real estate developers, has announced a substantial capital expenditure of Rs. 8,000–10,000 crore over the next two to three years to scale its footprint across West India, with a strong emphasis on the Mumbai Metropolitan Region (MMR) and Pune.

The Bengaluru-based company has already launched Rs. 25,000 crore worth of residential projects in MMR, covering 8.81 million sq. ft. across six ongoing developments.

Its West India business currently contributes 20 percent of Prestige’s overall revenue, underscoring the region’s growing strategic importance.

Key Highlights

• Prestige to invest Rs. 8,000–10,000 crore in West India expansion
• Six MMR projects worth Rs. 25,000 crore already underway
• Plans for 15+ upcoming projects, including major redevelopment

In Pune, Prestige has secured a 50-acre land parcel and is actively evaluating new acquisitions to accelerate growth. CEO Tariq Ahmed revealed plans for 15+ new projects over the next two years, with a balanced approach toward both residential and commercial segments.

The company is also eyeing significant opportunities in redevelopment, particularly slum rehabilitation and society redevelopment projects, which continue to reshape the urban landscape of Mumbai. Prestige’s expansion strategy includes tapping into high-potential micro-markets such as Thane, Navi Mumbai, Goregaon, Borivali, and Andheri, areas witnessing strong demand driven by infrastructure upgrades and rising end-user interest.

Also Read: Prestige Estates Buys 102 Acres for INR 20,400 Cr Projects

With aggressive investment, strong land reserves, and a diversified development pipeline, Prestige Estates aims to solidify its presence as a major player in West India’s rapidly evolving real estate ecosystem.