Prestige Launches Rs 22 Billion Housing Project In Ghaziabad

14 Oct 2025 CW Team

Bengaluru-based Prestige Estates Projects Ltd has launched 620 residential units for sale in Ghaziabad, Uttar Pradesh, with an estimated gross development value (GDV) of Rs 22 billion.

This marks the second phase of Prestige’s flagship township project, The Prestige City, Indirapuram, which spans 62.5 acres. The company had made its Delhi-NCR debut in April with the first phase of the township, comprising two residential projects — Oakwood and Mulberry — offering 3,421 units and a combined sales potential of around Rs 90 billion.

Having sold nearly all units in the initial phase, Prestige has now introduced the second phase, Mayflower, which covers a developable area of 1.94 million square feet and carries a GDV of approximately Rs 22 billion.

The group also reported record-breaking sales performance in the first half of the 2025–26 financial year (FY26), achieving Rs 181.4 billion in total sales — a 157 per cent year-on-year rise — surpassing its entire FY25 sales within six months.

In the second quarter of FY26, Prestige launched 3.87 million square feet of new projects with a GDV of Rs 39.7 billion, bringing total launches in the first half to 18.81 million square feet and a cumulative GDV of Rs 175.9 billion.

“We are delighted to report an outstanding first half, marked by record sales and strong collections,” said Irfan Razack, Chairman and Managing Director of Prestige Group, in a stock exchange filing. “Our maiden project in NCR, The Prestige City, Indirapuram, has witnessed tremendous response, recording sales exceeding Rs 83 billion and collections of around Rs 15 billion in just a few months,” he added.

As of June 2025, the Prestige Group had completed 307 projects covering 199 million square feet, with a development pipeline of 132 projects spanning nearly 200 million square feet.

The company’s strong performance reflects robust demand in India’s housing market, particularly for large-scale integrated townships combining residential, retail, and lifestyle amenities.

Bengaluru-based Prestige Estates Projects Ltd has launched 620 residential units for sale in Ghaziabad, Uttar Pradesh, with an estimated gross development value (GDV) of Rs 22 billion. This marks the second phase of Prestige’s flagship township project, The Prestige City, Indirapuram, which spans 62.5 acres. The company had made its Delhi-NCR debut in April with the first phase of the township, comprising two residential projects — Oakwood and Mulberry — offering 3,421 units and a combined sales potential of around Rs 90 billion. Having sold nearly all units in the initial phase, Prestige has now introduced the second phase, Mayflower, which covers a developable area of 1.94 million square feet and carries a GDV of approximately Rs 22 billion. The group also reported record-breaking sales performance in the first half of the 2025–26 financial year (FY26), achieving Rs 181.4 billion in total sales — a 157 per cent year-on-year rise — surpassing its entire FY25 sales within six months. In the second quarter of FY26, Prestige launched 3.87 million square feet of new projects with a GDV of Rs 39.7 billion, bringing total launches in the first half to 18.81 million square feet and a cumulative GDV of Rs 175.9 billion. “We are delighted to report an outstanding first half, marked by record sales and strong collections,” said Irfan Razack, Chairman and Managing Director of Prestige Group, in a stock exchange filing. “Our maiden project in NCR, The Prestige City, Indirapuram, has witnessed tremendous response, recording sales exceeding Rs 83 billion and collections of around Rs 15 billion in just a few months,” he added. As of June 2025, the Prestige Group had completed 307 projects covering 199 million square feet, with a development pipeline of 132 projects spanning nearly 200 million square feet. The company’s strong performance reflects robust demand in India’s housing market, particularly for large-scale integrated townships combining residential, retail, and lifestyle amenities.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Infrastructure Energy

12 Dec 2025

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Infrastructure Energy

12 Dec 2025

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..