Prestige Group Launches 'The Prestige City - Indirapuram' with ₹9,000 Crore GDV

Prestige Group proudly announces its official entry into the National Capital Region (NCR) residential market with the launch of the first phase of 'The Prestige City - Indirapuram': Phases Oakwood and Mulberry.

With all approvals secured, Prestige Group has begun marketing the first phase - Oakwood and Mulberry- which together represent a Gross Development Value (GDV) of over ₹9,000 crore - making it one of the most significant real estate debuts in NCR's history. When the second phase "Mayflower" is launched, it will take the total GDV of the entire residential development to a staggering ₹12,000 crores.

Oakwood and Mulberry feature a combined 3,421 premium homes across 19 towers, offering a sophisticated mix of 2 BHK, 3 BHK, 3 BHK + Home Office, and 4 BHK + Home Office residences, with unit sizes ranging from 1,681 sq. ft. to 6,026 sq. ft.

Set across a sprawling 62.5 acres in Indirapuram Extension on National Highway 24, the township is designed to deliver an unparalleled lifestyle, with world-class amenities, two grand clubhouses spread over 100,000 sq. ft., and an integrated Forum Mall covering 1.18 million sq. ft. of retail and entertainment experiences.

Strategically located, The Prestige City - Indirapuram is poised to become NCR's next iconic address, benefiting from excellent connectivity, robust social infrastructure, and the dynamic growth of the Indirapuram Extension corridor.

Mr. Irfan Razack, Chairman and Managing Director, Prestige Group, said: "Today marks a monumental chapter for Prestige Group. We are thrilled to make our debut in the vibrant NCR residential market with The Prestige City - Indirapuram. This project embodies the scale, ambition, and integrated lifestyle that Prestige stands for.

It is only the beginning - we are deeply committed to expanding our presence in NCR, and The Prestige City - Indirapuram is the first of many more landmark developments we have planned for this dynamic market.

We are confident it will set a new benchmark for the region and redefine what modern living means in NCR."

Shares of Prestige Estates Projects Limited was last trading in BSE at Rs. 1379.40 as compared to the previous close of Rs. 1316.30. The total number of shares traded during the day was 79504 in over 5465 trades.

The stock hit an intraday high of Rs. 1384.65 and intraday low of 1334.30. The net turnover during the day was Rs. 108722251.00.

Source : Equity Bulls

Keywords

PrestigeEstatesProjects INE811K01011 Realty NCR ResidentialMarket ThePrestigeCity Indirapuram Oakwood Mulberry