Prestige Estates Launches Phase 2 of Prestige Forest Hills in Mumbai for ₹2,200 Crore
Prestige Estates has launched Phase 2 of Prestige Forest Hills in Mulund, Mumbai. The project offers 500 premium residences with ticket sizes starting from ₹2.73 crore. The total developable area is 1.7 million sq. ft. with an estimated GDV of ₹2,200 crore.
The launch of a new phase of a real estate project contributes to the company's sales pipeline and future revenue, but its immediate financial impact will depend on sales velocity.
The launch of a new phase of a project with a significant Gross Development Value indicates positive business development and revenue potential.
Prestige Estates Projects Limited, through its wholly owned subsidiary, has launched Phase 2 of Prestige Forest Hills at The Prestige City, Mulund, Mumbai. This new phase comprises Towers C (in part) and Tower D, offering 500 premium residences including spacious 3 and 4-bedroom apartments with expansive decks. 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 launch spans a total developable area of approximately 1.7 million sq. ft. and has an estimated Gross Development Value (GDV) of approximately ₹2,200 crore. Prestige Forest Hills is part of The Prestige City, Mulund, a 32-acre integrated township. Phase 1 of Prestige Forest Hills, comprising Towers A & B, was launched in August 2024. The project features four high-rise towers and an expansive podium with over 50 lifestyle amenities.
Prestige Group is a diversified real estate developer with a legacy of four decades, having delivered 316 projects spanning 212 million sq. ft. as of March 2026. The Group currently has a pipeline of 135 projects across 227 million sq. ft.
What to do with a filing like this
Prestige Estates Projects Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Prestige Estates Projects Limited. Read the original for the full detail.