The Prestige Place Mumbai Latest News

The Prestige Place Mumbai is in its pre-launch stage, where site teams are leveling the land while state MahaRERA registration is under review. Buyers can now reserve flats early to pick their favorite floor level and view before deep digging begins.

• Pre-launch booking tokens and early buyer forms are open right now.
• The builder has filed the core papers with MahaRERA, so work on the main foundation can start soon.
• Full building work and key handovers are scheduled to wrap up by December 2031.

This early phase lets buyers look at simple floor maps and choose their preferred flat position ahead of the crowd. Prestige Group has already put workers on the site to test the soil, clear the ground, and build strong boundary walls. Once MahaRERA approves the files, large machines will dig the ground to build the double basement and strong tower pillars.

Apartment choices at The Prestige Place Mumbai feature four floor plans, with two-bedroom homes making up 45% of the total 2,900 flats. The rooms have wide living areas and smart layouts that avoid wasted hall space, helping fresh air and sunlight enter every corner.

• 1 BHK Units: Built from 600 to 700 sq. ft. across 580 homes (20% share), starting from ₹99 Lakhs.
• 2 BHK Units: Built from 900 to 1,100 sq. ft. across 1,305 homes (45% share), starting from ₹1.49 crore.
• 3 BHK Units: Built from 1,400 to 1,700 sq. ft. across 870 homes (30% share), starting from ₹2.81 crore.
• 4 BHK Units: Built from 2,000 to 2,400 sq. ft. across 145 homes (5% share), priced from ₹3.30 Crores to ₹3.96 Crores.

The entry price starts at a base rate of ₹16,500 per sq. ft. for early buyers, making it an attractive deal in Thane. These numbers show the base cost of the flat before adding extra floor-rise fees for upper levels or corner view fees. Extra costs like stamp duty, city taxes, and GST will follow state rules when you sign the final property papers.

The Prestige Place Mumbai uses a simple 10-stage payment plan, starting with an initial 10% booking fee to secure flat registration. Each stage connects directly to real work done on the ground, so you only pay as each floor is built:

• Milestone 1 (10%): Pay the booking fee to reserve your chosen flat.
• Milestone 2 (10%): Pay when you sign the legal Agreement of Sale.
• Milestone 3 (10%): Pay when the big digging work begins on the plot.
• Milestone 4 (10%): Pay once the solid ground plinth is fully set.
• Milestone 5 (10%): Pay when the workers start the lower basement floor.
• Milestone 6 (10%): Pay as the first tower slab is cast.
• Milestone 7 (10%): Pay when the upper floor frames are built up.
• Milestone 8 (10%): Pay when your flat gets its tiles and floor finishes.
• Milestone 9 (10%): Pay after water pipes and wire lines are set.
• Milestone 10 (10%): Pay the last share on the day you collect your keys.

This step-by-step plan protects your money because banks only release funds after checking site progress with their own eyes. It helps family buyers spread their savings smoothly over the whole build period rather than paying huge sums upfront. It also reduces bank interest while the towers go up step by step until the 2031 delivery date.

Monthly upkeep at The Prestige Place Mumbai costs a flat rate of ₹8 per sq. ft. to run all shared society services. Homeowners must also pay a 24-month advance upkeep fee of ₹120 per sq. ft. before they get their house keys.

• Smart sensor gates, video door screens, and round-the-clock cameras protect all entry gates.
• Garden staff look after the 4.5 acres of green lawns, shade trees, and clean walkways every day.
• Common funds pay for power backup engines, water purification plants, and fast lifts inside each tower.

The 2-year advance fee of ₹120 per sq. ft. forms a steady safety fund for the housing society from day one. This fund stops any cash shortage so common lights, lifts, and water pumps run smoothly while new families move in. The small monthly fee of ₹8 per sq. ft. pays the daily guards, garden sweepers, and lift check-up teams across all 8 towers.

The 15-acre master plan covers only 38% (~5.7 acres) with brick towers, leaving 30% open ground with a Floor Space Index of ~5.13x. The 8 towers sit with wide spaces between them, so no home looks straight into a neighbor's window.

• The big clubhouse has an indoor warm-water pool, a workout gym, and a quiet yoga room.
• Play zones include fun video games, green lawns for kids, sports courts, and a safe pet park.
• High flats above the 40th floor in the east towers give you clear views of the Yeoor Hills and the river.

The project keeps vehicle roads around the outer edge, while the main parks stay in the middle. This gives children and older people a quieter place to walk and play. The indoor club has space for family parties, table games, movies, and quiet reading. Outside, families can enjoy a large swimming pool, a jogging track, and open green areas for relaxing.

The Prestige Place Mumbai sits right on Ghodbunder Road, giving drivers a direct path to the Eastern Express Highway and Thane Railway Station.

Daily travel will become even faster once Mumbai Metro Line 4 and the new Thane-Borivali Twin Tunnel open to daily traffic. Metro Line 4 will run from Wadala to Kasarvadavali, linking Thane to key city stops and other rail lines. In addition, the direct road tunnel under the national park will cut the drive to the Western Suburbs down to just 15 to 20 minutes.