Prestige Group Unveils Rs 120-Bn Housing Project in Ghaziabad
Real Estate

Prestige Group Unveils Rs 120-Bn Housing Project in Ghaziabad

Real estate firm Prestige Estates Projects announced on that it had launched its first housing project in Delhi-NCR, aiming to tap into strong consumer demand with a revenue potential of Rs 120 billion. The company will develop this housing project in Ghaziabad, Uttar Pradesh.

In a regulatory filing, the company shared that it had entered the National Capital Region (NCR) residential market with the launch of the first phase of 'The Prestige City-Indirapuram.' With all approvals secured, Prestige Group has begun marketing the first phase—Oakwood and Mulberry—representing a Gross Development Value (GDV) of over Rs 90 billion. The company added that when the second phase, "Mayflower," is launched, it will bring the total GDV of the entire residential development to Rs 120 billion.

The first phase will feature 3,421 premium homes across 19 towers, with unit sizes ranging from 1,681 sq ft to 6,026 sq ft. The township spans 62.5 acres in Indirapuram Extension on National Highway 24.

Irfan Razack, Chairman and Managing Director of Prestige Group, expressed that the launch marked a significant milestone for the company. He shared his excitement about entering the vibrant NCR residential market with The Prestige City-Indirapuram and emphasized that the project reflected the scale, ambition, and integrated lifestyle the Prestige Group stands for.

Prestige Estates Projects Limited, a leading real estate developer in India, has a legacy of over three decades and has delivered more than 300 projects across various sectors, including residential, commercial, retail, hospitality, and mixed-use developments.

News source: The Week

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Real estate firm Prestige Estates Projects announced on that it had launched its first housing project in Delhi-NCR, aiming to tap into strong consumer demand with a revenue potential of Rs 120 billion. The company will develop this housing project in Ghaziabad, Uttar Pradesh. In a regulatory filing, the company shared that it had entered the National Capital Region (NCR) residential market with the launch of the first phase of 'The Prestige City-Indirapuram.' With all approvals secured, Prestige Group has begun marketing the first phase—Oakwood and Mulberry—representing a Gross Development Value (GDV) of over Rs 90 billion. The company added that when the second phase, Mayflower, is launched, it will bring the total GDV of the entire residential development to Rs 120 billion. The first phase will feature 3,421 premium homes across 19 towers, with unit sizes ranging from 1,681 sq ft to 6,026 sq ft. The township spans 62.5 acres in Indirapuram Extension on National Highway 24. Irfan Razack, Chairman and Managing Director of Prestige Group, expressed that the launch marked a significant milestone for the company. He shared his excitement about entering the vibrant NCR residential market with The Prestige City-Indirapuram and emphasized that the project reflected the scale, ambition, and integrated lifestyle the Prestige Group stands for. Prestige Estates Projects Limited, a leading real estate developer in India, has a legacy of over three decades and has delivered more than 300 projects across various sectors, including residential, commercial, retail, hospitality, and mixed-use developments. News source: The Week

Next Story
Infrastructure Urban

President Murmu Graces EEPC India’s Platinum Jubilee in New Delhi

President of India, Droupadi Murmu, attended the Platinum Jubilee Celebrations of the Engineering Export Promotion Council (EEPC) India in New Delhi on September 8, 2025. She highlighted India’s historic role in trade and knowledge and urged EEPC to lead efforts in strengthening the nation’s position in the global economy.The President noted that India’s engineering exports have grown from USD 70 billion to over USD 115 billion in the last decade, despite global trade challenges. She commended EEPC for its role in this achievement and emphasised its importance as a bridge between interna..

Next Story
Infrastructure Transport

Gurugram Metro Phase-1 Construction to Begin on September 5

Construction work on the much-awaited Gurugram Metro is set to commence on September 5 with a groundbreaking ceremony in Sector 44, opposite the GMDA office. Union housing and urban affairs minister Manohar Lal Khattar and Haryana chief minister Naib Singh Saini will jointly perform the Bhoomi Pujan.The first phase of the project includes building a 15.22 km elevated viaduct, 15 stations, a 1.85 km spur to the Dwarka Expressway, and a ramp to the proposed depot in Sector 33. The contract, valued at Rs 12.77 billion plus GST, has been awarded to a joint venture.Preparations for the ceremony wer..

Next Story
Infrastructure Urban

Zaakpay, CRUT Launch WhatsApp-Based Bus Ticketing in Odisha

Zaakpay, a wholly owned subsidiary of One MobiKwik Systems, has partnered with Capital Region Urban Transport (CRUT), a public transit agency under the ONDC Network, to roll out a chat-based bus ticketing service across Odisha.The initiative is designed to simplify and digitise public transport for over 24 million annual commuters, covering nearly 36 million rides across the state. By leveraging a WhatsApp-based interface, the service offers commuters a seamless and contactless way to book tickets, making it accessible to both rural and urban passengers.The platform has been developed with PeL..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?