Builder Highlights

The realty firm will jointly develop a 1.5 million sq ft commercial project in Mumbai's Andheri East with an estimated gross development value of ₹4,500 crore.

Project Scope: The joint development will feature a total leasable area of 1.50 million square feet, with an estimated gross development value (GDV) of ₹4,500 crore. Financial Investment: Prestige Estates is infusing up to ₹504 crore to secure its 50% stake in ACHIL. Company Context: Prestige Estates, a leading national developer, has a significant portfolio of residential, commercial, and hospitality projects. The company has shown strong growth, recently reporting a doubling of its annual net profit to ₹1,195.5 crore for the 2025-26 fiscal year. Track Record: Since its inception, the Prestige Group has delivered 313 projects covering 206 million square feet and currently maintains a pipeline of 128 projects spanning 195 million square feet.

Bengaluru-based developer targets growth across South India, Mumbai, and Delhi-NCR with a focus on both residential and commercial sectors.

Investment Breakdown: Housing Projects: ₹9,500–10,000 crore allocated for new and ongoing residential developments. Commercial Projects: ₹4,500–5,000 crore dedicated to office complexes and shopping malls. Geographic Focus: The investments are targeted at key growth regions, specifically South India, the Mumbai Metropolitan Region (MMR), and the Delhi-NCR market. Strategic Objective: This plan is part of the developer’s broader strategy to expand its footprint and meet the rising demand for high-quality residential and commercial real estate in India’s major cities.

An overview of the Prestige Estates Projects Ltd CSR committee, its members, and its core social initiatives.

Committee Composition: Chairperson: Mr. Irfan Razack (Executive) Members: Mr. Rezwan Razack (Executive), Mr. S N Nagendra (Non-Executive/Independent), and Dr. Ravindra Munishwar Mehta (Non-Executive/Independent). Secretary: Mr. Manoj Krishna J V (Company Secretary and Compliance Officer). Key CSR Objectives: Sustainability & Environment: Promoting greener cities, efficient energy use, ecological balance, and the protection of natural resources, including water, soil, and air quality. Health & Basic Needs: Eradicating hunger, poverty, and malnutrition, and supporting sanitation (including Swachh Bharat Kosh) and access to safe drinking water. Education & Livelihood: Supporting education for children, women, and the differently-abled, alongside livelihood enhancement projects. Social Empowerment: Promoting gender equality, supporting senior citizens, and aiding armed forces veterans and their dependents. Heritage & Culture: Protecting national heritage, historical buildings, and traditional arts. Commitment: The committee oversees these initiatives to ensure compliance with the law while actively contributing to socio-economic development and disaster relief efforts.