Prestige Estates Projects has entered into a joint venture with ABIL Group (a developer of premium real estate and hospitality in Pune and Mumbai) to develop a land parcel through Aaramnagar Realty LLP.

Aaramnagar Realty LLP jointly holds the Development rights to land parcel in Aram Nagar, Versova, Mumbai. The development spans a land area of around 6 acres and offers a total development potential of around 1.7 million square feet (RERA area), with an estimated Gross Development Value (GDV) of over Rs 9,000 crore. 

The proposed development is envisaged as a premium residential project, catering to the growing demand for high-quality developments in Mumbai’s western suburbs. Versova continues to be a sought-after micro-market, driven by its strong social infrastructure, connectivity, and proximity to key commercial hubs.

Prestige Estates Projects is the flagship company of the Prestige Group. Prestige Estates Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.