Prestige Estates Projects Limited has informed the Exchange regarding a press release dated May 06, 2025, titled "Prestige Group makes strong debut in NCR: Clocks ₹3,000 cr of Sales within a week of launch".
PRESTIGE · price
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Awaiting price reaction for this filing.
Prestige Group has made its debut in the NCR residential market with 'The Prestige City, Indirapuram' project, clocking sales of over ₹3,000 crore across 1,200 units in just one week of launch. The 62.5-acre project on NH-24 currently covers two phases — Oakwood and Mulberry — featuring 3,421 homes across 19 towers, with an additional phase called Mayflower planned. The township will also include a 1.18 million sq ft Forum Mall for retail and entertainment. Chairman Irfan Razack called the response a strong validation of homebuyer trust, and highlighted significant upcoming launches across Bengaluru, Chennai, Goa, NCR, Mumbai, and Hyderabad. Prestige is one of India's largest real estate developers with 38 years of legacy and over 300 delivered projects.
Positive for shareholders — the ₹3,000 crore booking value in a single week signals strong demand and pricing power in a new geography, which should boost near-term revenue visibility and reinforce confidence in Prestige's growth pipeline. NCR expansion diversifies revenue beyond Bengaluru, reducing concentration risk.