Prestige Estates Aims to Rewrite the Way Real Estate Is Done in NCR
On 6 May 2025, Prestige Estates unveiled a 62.5-acre township in Ghaziabad, promising punctual delivery and high-grade finishes, a ₹10,000 crore spend, and a target value of ₹12,000 crore. Launch-week bookings crossed 1,200 apartments and ₹3,000 crore, underscoring strong appetite for the project’s 4,041 planned homes and confirming buyer faith in the brand.
The group pledges “to be the best, not the biggest,” backing that line with third-party quality checks and steep penalties for any delay. This approach tackles two NCR pain points—slipped handovers and uneven construction—while helping Prestige win trust from both end-users and investors.
About ₹8,000 crore will fund construction, while ₹2,000 crore covers land, approvals, and local roads. Plans include 23 towers rising 41–50 floors, 50 luxury villaments, and an eight-lakh-sq-ft Forum Mall. Phase One—Oakwood and Mulberry—alone aims at ₹9,000 crore in sales from 3,421 premium flats priced ₹1.5–4 crore.
Bookings opened on 29 April 2025 and averaged 171 homes a day, nearly thrice the usual NCR rate. In one week the team moved 30 percent of inventory, leaving 2,221 units for future buyers if demand remains brisk.
Construction will run in phases, with first keys due in late 2028 and full hand-over by 2031. Annual capital spend should sit near ₹1,600 crore, funded mostly from customer advances, keeping net debt under 0.5× equity. Rain-harvesting and rooftop solar are expected to trim common-area power costs by roughly 20 percent.
While homes drive sales, Prestige is also raising a Grade-A office block in Delhi’s Aerocity and will anchor Indirapuram retail with its eight-lakh-sq-ft Forum Mall. Combined rentals could top ₹425 crore a year after 2029, giving steady cash when housing slows.
Key clearances are in place, yet new RERA rules, steel-price jumps, or rival launches in Noida may test pricing. Management keeps a 10 percent cost buffer and will release towers step-by-step to stay nimble.
- Why is Prestige Estates investing nearly ₹10,000 crore in NCR?
It sees unmet demand for on-time, quality homes and expects ₹12,000 crore revenue from the 62.5-acre township. - How fast are sales at Prestige City Indirapuram?
The first seven days closed 1,200 units worth more than ₹3,000 crore, or 30 percent of stock. - What will the township include besides apartments?
Plans feature 23 towers, 50 villaments, an eight-lakh-sq-ft Forum Mall, and 80 percent open green space. - When will the first homes be delivered?
Initial towers are set for late 2028, with full completion by 2031. - How is Prestige Estates funding the project?
About ₹8,000 crore comes from phased sales cash flows, keeping net debt under 0.5× equity.
Backed by almost ₹10,000 crore, a six-year timetable, and bookings already above ₹3,000 crore, Prestige Estates is poised to raise standards in Delhi-NCR housing. Staying on schedule, holding costs, and nurturing buyer trust will decide how far this momentum carries.
Prestige Group pre launch new project is Prestige Pallavaram Gardens
