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The project, located in Indirapuram, sold 1,200 units during the initial launch phase. Shares of Prestige Estates Projects Limited ended at ₹1,326.85, down by ₹57.85, or 4.18%, on the BSE.
Real estate firm Prestige Estates Projects Ltd on Tuesday (May 6) said it has recorded over ₹3,000 crore in sales within a week of launching its first residential project in the Capital Region (NCR). The project, The Prestige City, located in Indirapuram, sold 1,200 units during the initial launch phase.
This is the Bengaluru-based real estate group's maiden foray into NCR’s residential segment. The company attributed the swift sales to a combination of brand trust, strategic location, and demand for premium, well-planned residential communities in urban centres.
Spread across 62.5 acres in Indirapuram Extension on Highway 24, the current launch covered two residential phases, Oakwood and Mulberry, featuring a total of 3,421 homes across 19 towers.
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An upcoming residential phase, Mayflower, will further expand the community, offering even more curated living options for discerning homebuyers. The development will also house a Forum Mall spanning 1.18 million square feet, bringing retail and entertainment experiences to the heart of the township.
Irfan Razack, Chairman and Managing Director, Prestige Group, said, "We are delighted with the overwhelming response to our first residential project in NCR. The year ahead is particularly exciting for us, with significant launches planned across Bengaluru, Chennai, Goa, NCR, Mumbai, and Hyderabad."
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Shares of Prestige Estates Projects Limited ended at ₹1,326.85, down by ₹57.85, or 4.18%, on the BSE.
(Edited by : Shoma Bhattacharjee)
