Prestige Estates & Valor Group Launch ₹4,500 Cr Office Complex in Andheri West, Mumbai
Introduction
Prestige Estates Andheri office complex – On May 28, 2025, Prestige Estates Projects Ltd and Valor Estate Ltd formed a 50:50 joint venture by investing ₹504 Cr into a new SPV. They will build 1.5 million sq ft of Grade-A office space on a 21,978 m² (5.43-acre) site in Andheri West, Mumbai. The project has a Gross Development Value of ₹4,500 Cr, with core-shell completion planned by mid-2028, RERA registration and permits underway, and pre-leasing launching 18–24 months before handover.
Project Details
The new campus maximizes allowed FSI/FAR to deliver ample office space. The final design will decide how many towers and floors there are, but the plans focus on large, flexible floor plates for tenant fit-outs. Parking will be across several basement and stilt levels, meeting the required car-to-floor-area ratios in Mumbai.
The SPV will be equally owned by Prestige Estates and Valor Estate. Prestige Estates has already injected ₹504 Cr in equity. Future funding will come in stages and include debt—details will be finalized once permits are secured in late 2025.
- May 28, 2025 - JV agreement signed
- Q3 2025 - RERA and environmental filings
- Late 2025 - Bhoomi Puja and groundbreaking ceremony
- Mid-2028 - Completion of core-shell construction
- Early 2027 - Pre-leasing campaigns start 18–24 months ahead of tenant handover
Green Design & Tech Features
Prestige Estates aims for LEED Platinum or IGBC Gold certification. Eco-friendly features will include HVAC systems with energy recovery, LED lighting, rooftop solar panels, and rainwater harvesting. The building will also have advanced security, a smart Building Management System, and fire safety systems.
Workplace Amenities
The campus will come with on-site cafés and a food court. For wellness, there will be a gym, yoga studio, and green terraces. Meeting rooms, conference halls, business lounges, and co-working pods will be available. EV charging stations in the parking areas are also planned.
Connectivity & Nearby Facilities
The project is under 1 km from the Western Express Highway Metro. It fronts the Western Express Highway and JVLR. The airport is a short 10–15 minute drive away. Nearby are Mindspace and Nesco IT parks, luxury hotels, hospitals, and reputed schools.
Why It Matters
This will be Prestige Estates’ first Grade A office in Andheri West, adding 1.5 million sq ft of quality space to Mumbai’s largest suburb. Rents are expected to be ₹120–₹200 per sq ft per month, with 5–7% annual rent hikes. The project is expected to create more than 5,000 jobs and support new retail, hotels, and infrastructure nearby.
Prestige Group, prelaunch apartment is Prestige Pallavaram Gardens.
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