Prestige launches Phase 2 of Forest Hills in Mumbai with about Rs 2,200 cr GDV
PRESTIGE · price
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On the reaction day the stock moved 4.1 pts more than Nifty Midcap 150 and 3.7 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Prestige Estates has launched Phase 2 of Prestige Forest Hills at The Prestige City, Mulund, Mumbai through its wholly owned subsidiary. The phase has 500 premium 3 and 4 BHK residences, sizes from 946 to 2,643 sq ft, ticket size starting around Rs 2.73 crore. Total developable area is about 1.7 million sq ft with estimated GDV of about Rs 2,200 crore. Phase 1 was launched in August 2024. The project sits within a 32 acre integrated township with planned retail, commercial, education and healthcare infrastructure.
Adds about Rs 2,200 crore to project pipeline, supports future revenue from Mumbai market, likely positive for stock sentiment.