Prestige Grove Park Latest News

The latest update is that Prestige Grove Park is still in pre-launch as of September 2026. The developer plans to launch in March 2027, once MahaRERA registration comes through.

The project plans about 1,500 homes across six towers of 45 to 50 floors on 8 acres. Homes will come as 2 BHK and 3 BHK units, from 750 to 1,350 sq ft. The base price stands at ₹34,000 per sq ft, with 2 BHK homes starting at about ₹2.55 crore.

No official price list, floor plan or tower-wise inventory has been released yet. Those details usually come out at the formal launch. So for now, treat any exact unit price you see online as indicative, not final.

This timeline tracks the key facts about Prestige Grove Park as they stand today.

We will update this timeline as each milestone moves, and we date every change for you. The most important one to watch is the MahaRERA registration number, since the launch and bookings follow it.

Much of the news that shapes Prestige Grove Park comes from the roads and rail lines around Borivali. These updates affect your commute and your home's future value.

• September 2026: GMLR tunnel machine Tulsi dug its first 64 metres of the Goregaon to Mulund link.
• September 2026: A second GMLR machine, Vihar, prepared to start digging from 22 October.
• September 2026: EPC World named Borivali a likely next business hub for Mumbai, citing new road links.
• August 2026: Reports confirmed heavy work on the 26.3 km coastal road phase two, worth about ₹22,000 crore.
• August 2026: MMRDA's metro network crossed 30 crore journeys, with about 2.79 lakh riders a day.
• July 2026: The Thane-Borivali Twin Tunnel reached about 13% physical progress, based on MMRDA data.
• June 2026: The tunnel's second boring machine, Arjuna, cleared its site test and stood ready to dig.
• April 2026: Maharashtra's Chief Minister launched the first tunnel machine, Nayak, on 7 April.

The tunnel matters most for Grove Park buyers, since it links Borivali directly to Thane's offices and homes. Once it opens, your drive from Borivali to Thane should drop to about 15 minutes.

Developer news matters for any pre-launch project, since the builder's strength decides how smoothly work moves.

• March 2026: CRISIL renewed Prestige's DA1+ grade, valid until March 2027.
• April 2026: Prestige closed FY 2026 with pre-sales of ₹30,024 crore, up 76% on the year before.
• April 2026: Prestige and ABIL Group announced a Versova project worth over ₹9,000 crore in sales value.
• July 2026: Prestige reported ₹6,579 crore in Q1 FY 2027 pre-sales, with Mumbai making up 12%.
• July 2026: Collections rose 6% to ₹4,802 crore, and the group lined up festive season launches in Mumbai.

Q1 pre-sales fell about 46% from a strong year-ago quarter, which Prestige put down to a high base. Collections still grew, which points to healthy cash flow for ongoing projects. For a buyer, steady collections matter more than one quarter of sales, since they fund site work.

Price trends in Borivali give you a sense of where Grove Park's base rate sits today.

Source: 99acres locality data, 2026.

Mumbai's office market also shapes housing demand in Borivali. In H1 2026, Mumbai logged 10.7 million sq ft of office deals, up 30% on the year before. The western suburbs from Andheri to Malad took 20%, and many of those workers look to Borivali.

Put together, the news points to a project on track for launch, in an area that keeps improving. Still, a few points deserve your attention before you commit.

• Wait for the MahaRERA registration number before you pay any booking amount.
• Expect the final price list at launch, which may differ from today's base rate.
• Plan for a long wait, since possession is targeted for December 2031.
• Watch the tunnel and GMLR timelines, since they drive much of the area's growth.

If you plan to buy, the months before launch give you time to prepare. Check your loan eligibility, set your budget and shortlist the tower and floor you want. Buyers who arrive at launch with these steps done usually get the best choice of units.

News about pre-launch projects often spreads through unofficial channels, so rely on sources you can check. These are the most reliable ways to track the project.

• Watch the MahaRERA portal for the project's registration and quarterly updates.
• Follow Prestige Group's official announcements and quarterly results.
• Check MMRDA's website for tunnel and metro progress.
• Ask the sales team for written confirmation of any launch date or offer.

We refresh this page whenever a new fact goes public, so you get one view of the news.