Shares of Prestige Estates Projects Ltd are expected to be in focus during Tomorrow’s (May 7, 2025) trade after the company announced a blockbuster debut in the National Capital Region (NCR) with its maiden residential project, The Prestige City, Indirapuram, clocking ₹3,000 crore worth of sales within just one week of launch.
According to a press release filed with the stock exchanges, Prestige sold over 1,200 units in the project, marking a strong customer response to its first-ever residential launch in NCR. The success, achieved across its Oakwood and Mulberry towers, underscores the brand’s credibility and growing demand for thoughtfully designed housing communities in key urban centres.
The development is spread across 62.5 acres in Indirapuram Extension on National Highway 24 and features a mix of residential towers totaling 3,421 homes across 19 towers. A future launch—Mayflower—is also planned as part of the township, along with a Forum Mall of 1.18 million square feet, adding retail and entertainment to the integrated ecosystem.
Mr. Irfan Razack, Chairman and Managing Director of Prestige Group, expressed enthusiasm over the achievement, calling it a “strong validation of the trust that homebuyers place in us.” He added that the company is planning many more launches across NCR, Bengaluru, Chennai, Goa, Mumbai, and Hyderabad over the coming year.
The development marks a significant step in Prestige’s northward expansion and may boost investor sentiment as it reaffirms the company’s execution strength in new markets. With the residential real estate sector witnessing strong demand tailwinds, especially in top metros, Prestige’s sales performance may act as a key stock trigger in the near term.
