.png?w=1200&auto=format%2Ccompress&ogImage=true&w=1200&resize=1200,675&ssl=1 "Prestige Estates Enters NCR With Rs 12,000-Crore Housing Project In Ghaziabad")
Real estate firm Prestige Estates Projects Ltd. on Tuesday said it has launched its first housing project in the National Capital Region with a revenue potential of Rs 12,000 crore to tap strong consumer demand.
The company will develop a housing project in Ghaziabad. In a regulatory filing, the company said it has entered into the NCR residential market with the launch of the first phase of ‘The Prestige City-Indirapuram’.
With all approvals secured, Prestige Group has begun marketing the first phase — Oakwood and Mulberry — which together represent a gross development value of over Rs 9,000 crore.
When the second phase ‘Mayflower’ is launched, it will take the total GDV of the entire residential development to a staggering Rs 12,000 crore, it added. The first phase will have 3,421 premium homes across 19 towers, with unit sizes ranging from 1,681 sq ft to 6,026 sq ft.
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