Prestige Estates Bets Big on Ghaziabad: A ₹10,000 Crore Township Investment

By: Velorine

A Landmark Development Set to Reshape Delhi-NCR

Prestige Estates Projects Ltd., one of India’s most renowned real estate developers, is making a bold move into Delhi-NCR with a ₹10,000 crore township project in Ghaziabad. Spanning 62.5 acres, the ambitious development. Prestige City, Indirapuram aims to redefine the region’s urban landscape with premium housing and integrated retail spaces.

Chairman & Managing Director Irfan Razack has made it clear. Prestige isn’t here to be the biggest, but to be the best. With a legacy of delivering over 300 high-profile projects across residential, commercial, and mixed-use developments, the company is committed to bringing quality, transparency, and timely delivery to a market that has struggled with trust and execution delays.

The Vision Behind Prestige City, Indirapuram

The project is designed to be a self-sustained ecosystem, offering:

• 4,041 luxury residences with modern amenities.
• 8 lakh square feet of premium retail space.
• Gross Development Value of ₹12,000 crore.

Prestige Estates is partnering with the landowner under a joint development model, ensuring optimized revenue sharing and strategic planning.

A Strong Start: Early Sales Break Records

The first phase has seen 3,421 apartments launched, boasting a sales potential of ₹9,000 crore. Demand has been exceptional, with 1,200 units sold in just one week, generating ₹3,000 crore in revenue.

With unit prices ranging from ₹1.5 crore to ₹4 crore, Prestige City caters to mid-to-premium buyers, positioning itself as the new benchmark for high-end living in Ghaziabad.

Investment Strategy & Market Positioning

While Prestige Estates faced hurdles last fiscal year primarily due to delayed project approvals that led to lower sales bookings the company is doubling down on expansion. ₹8,000 crore is allocated for construction alone, reinforcing Prestige’s commitment to high-quality infrastructure and execution excellence.

Despite a 19% drop in sales bookings last year, Prestige is betting on Delhi-NCR’s robust demand, aiming to reshape market dynamics with its signature approach to development.

Final Thoughts: A New Era for Prestige Estates

With Prestige City, Indirapuram, the developer is not just building homes, it’s creating a new standard for real estate in Delhi-NCR. This ₹10,000 crore investment signals Prestige’s long-term commitment to the region and its potential for transformational urban growth.