Prestige Group Sells ₹3,000 Crore Worth of Homes in NCR Within a Week of Launch

Prestige Estates Projects Ltd has reported sales of over ₹3,000 crore within a week of launching its first residential project in the National Capital Region (NCR). The project, called The Prestige City, is located in Indirapuram Extension along National Highway 24. This is the developer’s entry into NCR’s residential market.

As of 11:49 AM on May 7, 2025, shares of Prestige Estates Projects share price was trading at ₹1,322.00, down 0.75% for the day, with a 19.74% decline over the past six months and a 10.11% drop over the past year.

Details of the Project

The current launch phase includes two residential clusters: Oakwood and Mulberry. Together, they offer a total of 3,421 homes across 19 towers. Out of these, 1,200 units were sold during the initial launch period. The project is spread over 62.5 acres.

An additional residential phase, named Mayflower, is planned and will add more housing options within the same township. Apart from residential units, the project also includes a retail component, a Forum Mall with a built-up area of 1.18 million square feet.

Location and Connectivity

The development is situated in Indirapuram Extension, which lies on NH-24 and is part of the Ghaziabad district in Uttar Pradesh. This area connects well to key parts of Delhi-NCR, including Noida and East Delhi.

Read more: Prestige Group Launches 14 Million Sq. Ft. of Projects in Q4 FY25, Achieves Strong Sales!

Company Background

Prestige Estates Projects Ltd is a real estate developer headquartered in Bengaluru. Over the past 38 years, it has delivered more than 300 projects across different segments, including residential, commercial, retail, hospitality, and mixed-use developments.

Following this launch, Prestige Group is planning more residential and mixed-use projects across cities like Bengaluru, Chennai, Goa, Mumbai, Hyderabad, and other parts of NCR.

Conclusion

Prestige Group’s debut in NCR with The Prestige City led to ₹3,000 crore in bookings in one week, driven by the sale of 1,200 units. The project will continue to expand with more residential phases and a retail mall as part of the larger township.

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