Prestige Estates Nets Rs 30 Bn in NCR Debut Launch

13 May 2025 CW Team

Prestige Estates Projects Limited has recorded sales of over Rs 30 billion within one week of launching its first residential project in the National Capital Region (NCR). The project, The Prestige City, located in Indirapuram Extension on National Highway twenty-four, sold one thousand two hundred units during its initial launch phase.

This marks the Bengaluru-based developer’s maiden entry into NCR’s residential real estate market. The company attributes the strong response to brand trust, strategic location, and rising demand for premium, planned communities.

The launch covered two residential phases—Oakwood and Mulberry—offering three thousand four hundred twenty-one homes across nineteen towers on a 62.5 acre site. A future phase, Mayflower, is also planned to expand the township with additional curated residential options.

In addition, the project will include a Forum Mall spread over 1.18 million square feet, designed to bring retail and entertainment facilities into the heart of the township.

Irfan Razack, Chairman and Managing Director of Prestige Group, noted that the year ahead will include major launches across cities such as Bengaluru, Chennai, Goa, Mumbai, Hyderabad, and NCR.

Source:Moneycontrol

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