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Prestige Estates Projects Limited sold over 1,200 units in Indirapuram, NCR, within a week of launch, generating sales worth Rs.3,000 crore, marking a strong debut.
Prestige Estates Projects Limited has made a significant entry into the National Capital Region’s real estate market with the launch of The Prestige City in Indirapuram Extension. The project generated sales of over Rs.3,000 crore by selling 1,200 units within seven days of launch. Spread across 62.5 acres along National Highway 24, the integrated township has received substantial interest from homebuyers, reflecting high demand for large, planned residential developments in the region.
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Prestige Estates Projects Limited launched its first residential project in NCR
1,200 units sold in the initial week across Oakwood and Mulberry phases
Total sales value crossed Rs.3,000 crore within seven days
Township to include a 1.18 million square feet Forum Mall
Prestige Estates Projects Limited share price fell 4.18 percent on the BSE
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The initial launch includes two residential phases, Oakwood and Mulberry, which together feature 3,421 homes across 19 towers. These homes offer a variety of configurations, catering to buyers seeking both mid-range and premium housing. A future phase named Mayflower will add further inventory, contributing to the township’s growth.
The project also includes a Forum Mall with a total area of 1.18 million square feet, which will introduce retail, dining, and entertainment options into the heart of the development. The integrated model aims to create a convenient and self-sustained living experience for residents.
Despite the impressive sales numbers, Prestige Estates Projects Limited share price ended the day lower on the BSE. It closed at Rs.1,326.85, down by Rs.57.85 or 4.18 percent on Tuesday. The decline may be attributed to short-term market movements or profit-booking by investors.
Parameter | Data |
Project name | The Prestige City |
Location | Indirapuram Extension, NCR |
Total land area | 62.5 acres |
Units sold (first week) | 1,200 units |
Sales value (first week) | Rs.3,000 crore |
Total units in initial phases | 3,421 homes |
Towers in initial phases | 19 towers |
Upcoming commercial space | 1.18 million sq. ft. Forum Mall |
Prestige Estates Projects Limited has made a strong impact with its first residential development in the NCR. The high-value sales within a short period indicate the brand’s growing presence across India, with upcoming projects expected in Bengaluru, Chennai, Goa, Mumbai, and Hyderabad. The company's momentum in urban markets may continue to influence Prestige Estates Projects Limited share price in the months ahead.
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