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Prestige Group Launches ₹9,000 Cr 'The Prestige City – Indirapuram' in NCR

Synopsis:

Prestige Estates has received RERA clearance and launched ‘The Prestige City – Indirapuram’ in NCR. The flagship residential project spans 62.5 acres and has a Gross Development Value (GDV) of over ₹9,000 crore in its first phase alone.

 

Prestige Estates Projects Limited has formally entered the National Capital Region (NCR) residential real estate market with the launch of its premium township, ‘The Prestige City – Indirapuram’. The company received Real Estate Regulatory Authority (RERA) approval and has introduced the first phase, featuring Oakwood and Mulberry. This initial phase accounts for a GDV of over ₹9,000 crore, making it one of the largest residential launches in the region’s recent history.

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PRESTIGE ESTATE LTD

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1372.9-7.09 (-0.51 %)

Updated - 30 April 2025
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Key Takeaways:

  • Prestige Estates has entered the NCR market with its first major housing project.

  • RERA approval has been secured for ‘The Prestige City – Indirapuram’.

  • The project has a GDV of over ₹9,000 crore in the first phase.

  • It spans 62.5 acres and includes 3,421 homes across 19 towers.

  • Residential units range from 1,681 sq. ft. to 6,026 sq. ft.

  • The launch includes 2 BHK, 3 BHK, 3 BHK + Home Office, and 4 BHK + Home Office units.

  • Future phases are expected to raise GDV to ₹12,000 crore.

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Project Overview and Development Potential

Spread across a vast 62.5-acre land parcel in the Indirapuram Extension along National Highway 24, the township consists of 3,421 premium apartments within 19 high-rise towers. The unit configuration spans multiple formats including work-from-home layouts, catering to the changing lifestyle needs of urban buyers. Two exclusive clubhouses totalling 100,000 sq. ft. and a 1.18 million sq. ft. Forum Mall anchor the lifestyle quotient of the project.

The Prestige City – Indirapuram: Key Project Details

Feature

Description

Project Name

The Prestige City – Indirapuram

Total Land Area

62.5 acres

Number of Towers

19

Total Units

3,421 homes

Unit Size Range

1,681 sq. ft. to 6,026 sq. ft.

Amenities

2 Clubhouses, Forum Mall (1.18 mn sq. ft.)

First Phase GDV

Over ₹9,000 crore

Expected Total GDV (All Phases)

₹12,000 crore

Strategic Importance And Market Impact

This move marks a major milestone for Prestige Estates as it aims to expand aggressively into North India. NCR continues to be a high-growth zone for the real estate sector, and with this launch, Prestige Group positions itself among top-tier developers in the region. This entry may positively influence Prestige Group share price, especially as buyers and investors show interest in integrated township models that blend residential, commercial, and retail spaces.

Given the project’s size, amenities, and phased development approach, market analysts will likely track the performance and sales velocity closely. With the second phase expected to push the overall GDV to ₹12,000 crore, the project could drive long-term value creation and investor confidence, with possible upward momentum in Prestige Group share price in the coming quarters.

The launch aligns with the group’s broader national strategy, and its performance in NCR could be a key factor influencing the future trajectory of Prestige Group share price.

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