Prestige & Valor Unveil ₹4,500 Cr Andheri Office Landmark

Prestige Estates and Valor Group Unveil ₹4,500 Crore Andheri Office Landmark: Redefining Mumbai’s Commercial Horizon

In the ever-evolving skyline of Mumbai, a new chapter is being written by two of India’s most dynamic real estate titans—Prestige Estates Projects Ltd. and Valor Group. Their latest alliance, a joint venture to develop a state-of-the-art office complex in Andheri East, promises not just to transform the city’s commercial landscape but to set new benchmarks for quality, innovation, and sustainable urban development.

The Genesis of a Landmark Partnership

On May 28, 2025, a historic agreement was signed between Bengaluru-based Prestige Estates and Mumbai’s Valor Group (formerly known as DB Realty). The project, with an estimated Gross Development Value (GDV) of ₹4,500 crore, will rise on a sprawling 21,978.22 square metre plot in Andheri East—a prime location that is rapidly emerging as Mumbai’s next business epicenter. Both partners will hold an equal 50% economic stake, symbolizing a perfect blend of vision, expertise, and commitment to excellence.

To ensure seamless execution, a Special Purpose Vehicle (SPV) will be established, with an initial infusion of ₹504 crore. This strategic move underscores the partners’ dedication to transparency, efficiency, and long-term value creation for all stakeholders.

A Vision for the Future: The Andheri Office Complex

The upcoming office complex is not just another commercial development; it is envisioned as a beacon of modernity, sustainability, and smart urban living. With a leasable area of 1.5 million square feet, the project will cater to the growing demand for premium office spaces in Mumbai, offering businesses a prestigious address that combines convenience, connectivity, and cutting-edge amenities.

• Smart Building Technologies: Integration of advanced automation, security, and energy management systems to enhance efficiency and comfort.
• Sustainability at its Core: Green construction practices, energy-efficient designs, rainwater harvesting, and renewable energy solutions to minimize environmental impact.
• Wellness-Oriented Spaces: Expansive layouts, natural light, and wellness amenities such as fitness centers, green terraces, and relaxation zones, reflecting the latest trends in commercial real estate.
• Prime Location: Situated in Andheri East, the complex will offer unparalleled connectivity to major business hubs, transportation networks, and lifestyle destinations.

Prestige Estates’ Mumbai Milestones: A Legacy of Excellence

Prestige Estates’ journey in Mumbai began in 2022, and the company has already made a significant impact. The successful completion of its first three landmark projects—Siesta at The Prestige City (Mulund), Prestige Jasdan Classic (Mahalaxmi), and Prestige Turf Tower (Mahalaxmi)—marks a milestone in the city’s real estate history.

These developments collectively span 2.8 million square feet and include over 800 residential and commercial units. Siesta at The Prestige City, a 54-storey residential tower, offers 462 sky-lounge residences and a multi-level clubhouse with world-class amenities. Prestige Jasdan Classic, a boutique luxury development, features 233 refined residences and a host of premium facilities. Prestige Turf Tower, a Grade A commercial development, overlooks the iconic Mahalaxmi Race Course and exemplifies the group’s foray into Mumbai’s commercial real estate sector.

In the coming months, Prestige Estates will hand over possession of nearly 700 residences and 130 office units, further solidifying its reputation for timely delivery and uncompromising quality.

The Prestige Legacy: 38 Years of Innovation

With a 38-year legacy, Prestige Estates has delivered over 300 projects across residential, commercial, retail, hospitality, and mixed-use segments. The company’s portfolio is a testament to its commitment to innovation, craftsmanship, and customer satisfaction. From its first project, Copper Arch on Infantry Road, to its latest ventures, Prestige Estates has consistently set new standards in real estate development.

Recent accolades, such as The Best of Bharat Award 2022, underscore the company’s leadership and vision. Prestige Estates’ journey is marked by pioneering projects, strategic expansions, and a relentless pursuit of excellence.

Valor Group: A Force in Mumbai’s Real Estate

Valor Group, formerly DB Realty, is a powerhouse in Mumbai’s real estate sector. Founded in 2007, the company has built a portfolio of over 100 million square feet of prime property, managed by a team of 15,000 experts and over 500 internationally and nationally acclaimed executives. Valor’s projects are spread across 35 exclusive developments, serving close to 20,000 satisfied customers.

Valor’s expertise spans residential, commercial, and hospitality segments, with a focus on brownfield development and asset optimization. The company’s ongoing projects in Mumbai, including Dahisar, BKC, and Mahalaxmi, reflect its commitment to high-margin ventures and long-term value creation. Valor’s hospitality portfolio includes landmark properties such as The Hilton, Mumbai, and Grand Hyatt, Goa, with ambitious expansion plans underway.

Expanding Horizons: Prestige Estates Enters Delhi NCR

Not content to rest on its laurels, Prestige Estates recently announced its entry into the Delhi NCR real estate market. On May 6, 2025, Irfan Razack, Chairman and Managing Director, shared his vision to “rewrite the way real estate is done in the region,” with a focus on quality and timely delivery—key concerns that have historically plagued the Delhi-NCR property market.

This expansion aligns with the growing demand for ready-to-move-in properties, gated communities, and high-quality commercial spaces in Delhi NCR. Improved infrastructure, new metro lines, and smart city initiatives are further fueling the region’s real estate boom.

Mumbai’s Real Estate Landscape: Trends Shaping the Future

Mumbai’s real estate market is undergoing a transformation, driven by shifting buyer preferences and evolving market dynamics. In 2025, luxury is no longer defined by high-end finishes alone; wellness, space, and sustainability are taking center stage.

Developers are prioritizing expansive layouts, home offices, and personalized amenities such as fitness centers and green spaces. Environmental sustainability is becoming a non-negotiable factor, with buyers and investors favoring properties that embrace green construction practices and energy-efficient designs.

Technology is also playing a pivotal role, with smart security systems, automated features, and energy-efficient appliances becoming standard in modern developments. These trends are reshaping the way people live, work, and invest in Mumbai’s real estate market.

The Road Ahead: A New Era for Mumbai and Beyond

The partnership between Prestige Estates and Valor Group is more than just a business venture; it is a testament to the power of collaboration, innovation, and visionary leadership. As Mumbai continues to grow and evolve, this landmark project in Andheri East will serve as a shining example of what is possible when industry leaders join forces to create something extraordinary.

With a shared commitment to quality, sustainability, and customer satisfaction, Prestige Estates and Valor Group are poised to redefine the future of commercial real estate in Mumbai and beyond.