The Prestige Group has planned a residential complex, “The Prestige City”, at Mulund in Mumbai, Maharashtra. This project is a high-rise luxury township. The construction work began in early 2022. L&T Constructions, a major contractor, will ensure the completion of the project by 2026. The project is a joint design venture between Neo Modern Arch and Architect Hafeez Contractor. Designed to meet all the resident’s needs, the architects, and contractor have efficiently laid out the complex.
We can find the project site at CTS No 19/5, Ghati Pada, Mulund West, Mumbai, Maharashtra 400080. Ariisto Builders, who originally began the project, became bankrupt in 2018. In 2019, Prestige Group bid on the project, and was declared the highest bidder. In 2021, Prestige Group announced plans to build a 75,00,000 square feet (0.7 km²) project on 33 acres of land. They have followed Slum Redevelopment guidelines in the project’s design, which include residential, commercial, hospital, and rehabilitation towers. The residential complex includes two towers. Bellanza Phase 1 with three wings A, B, and C, a basement, 8 podium levels and 46-floor levels. Siesta with a basement, 9 podium levels and 45-floor levels.
The amenities facilitate community interaction and development. They include a Clubhouse, Skating Rink, Badminton Court, Basketball Court, Gymnasium, Cricket Pitch/Ground, Swimming Pool and Yoga/Aerobics Studio. CCTV Surveillance ensures the safety of the residents.
| Project Name | The Prestige City |
| Name of the Developer | Prestige Group |
| Name of the Design Architect | Vivek Bhole Architects Private Limited (Neo Modern Arch), Architect Hafeez Contractor |
| Name of Turnkey Contractor | L&T Constructions |
| Location | Mumbai, Maharashtra |
| Pin code | 400080 |
| Building Use | Residential, Commercial, Healthcare |
| Year of Commencement | 2022 |
| Year of Completion | 2026 |
| Latitude | 19° 11′ 3.4368” N |
| Longitude | 72° 56′ 27.8484” E |
| Plot Area (in acres) | 33 acres |
| Construction Area (in sq. ft) | 75,00,000 sq. ft. |
| Maximum Floors (Above Ground) | 54 |
| Maximum Floors (Below Ground) | 1 |
| Total Project Cost | INR 2,437 crores |
ABOUT THE COMPANIES
Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors – Hydrocarbon, Infrastructure, Power, Process Industries and Defence – for customers in over 30 countries around the world.
Over the last decade, the Prestige Group has firmly established itself as one of the leading and most successful developers of real estate in India by imprinting its indelible mark across all asset classes. Founded in 1986, the group’s turnover is today over INR 3,518 crores; a leap that is inspired by CMD Irfan Razack and marshalled by his brothers Rezwan Razack and Noaman Razack. Having completed 210 projects covering over 80 million sq. ft. the company has 53 ongoing projects spanning 54 million sq. ft. and 35 upcoming projects, aggregating to 48 million sq. ft. of world-class real estate space across asset classes. In October 2010, the Prestige Group also successfully entered the Capital Market with an Initial Public Offering of INR 1200 crores.
Started as a proprietary professional practice by Prof. Y. S. Sane in Pune and formerly known as Y S Sane Associates, JW Consultants LLP today is a renowned name for structural consultancy. Over the years, they have worked with reputed construction companies across India and abroad including Sri Lanka, Nepal, Bhutan, Tanzania, and Russia.
Biltrax Construction Data is tracking 20000+ projects on their technology platform for their Clients. Visit https://www.biltrax.com/ or email us at contact@biltrax.com to become a subscriber and generate new leads.Disclaimer: The information contained herein have been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is only for illustration purposes and does not in any way represent the project. If you wish the article to be removed or edited, please send an email to editor@biltrax.com
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