Prestige Group Unveils Rs 120-Bn Housing Project in Ghaziabad

30 Apr 2025 CW Team

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

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..