Prestige Group to Launch Two NCR Housing Projects Worth Rs 7,000 Crore
Prestige Group, one of India's largest developers, is deepening its push into Delhi NCR with two new housing projects planned this financial year. The scale is significant, and it says a lot about where the big builders see demand.
Key takeaways
- Prestige plans two housing projects, one in Noida and one in Gurugram, this financial year.
- Combined development potential is close to 8 million sq ft.
- Estimated revenue potential is near Rs 7,000 crore.
- The Gurugram project alone, on about 17 acres, is pegged at around Rs 4,200 crore.
What Prestige is planning
The Bengaluru-based developer intends to launch one project in Noida and one in Gurugram during the current financial year, with a combined buildable area of nearly 8 million sq ft. Together they carry an estimated revenue potential of close to Rs 7,000 crore. The Gurugram scheme, spread across roughly 17 acres, accounts for about Rs 4,200 crore of that on its own.
Why Prestige is confident on NCR
Prestige's push follows a strong run in the region. Chairman Irfan Razack has said the company is confident about the Delhi NCR market after booking around Rs 10,000 crore of sales here in the last financial year. Its debut NCR residential project, Prestige City in Indirapuram, reportedly crossed Rs 9,500 crore in pre-sales within its first year, an unusually strong start that clearly encouraged the expansion.
Part of a bigger trend
Prestige is not alone. South and west India developers have been entering NCR in force. Lodha stepped in through a partnership with a Gurugram group, and Oberoi Realty made a splash with Three Sixty North on Golf Course Extension Road. The pattern is clear: the biggest listed developers now treat Gurugram and Noida as must-have markets, which raises both quality and competition for buyers.
What it means for buyers
More large, listed developers in NCR is broadly good news. These builders bring RERA discipline, stronger balance sheets and better delivery track records than many smaller local players. The trade-off is pricing: branded launches from names like Prestige, Oberoi and Lodha tend to sit at the premium end. If you are shopping this cycle, weigh a branded launch against an established local project on price, delivery record and location.
FAQ
Where are Prestige's new NCR projects? One in Noida and one in Gurugram, launching this financial year.
How big are they? Combined development potential of nearly 8 million sq ft and revenue potential close to Rs 7,000 crore.
How much is the Gurugram project worth? Around Rs 4,200 crore, on about 17 acres.
Why is Prestige expanding in NCR? Strong sales, roughly Rs 10,000 crore in the region last year, and a very strong debut with Prestige City Indirapuram.
Related: NCR launches fall 40% in Q2, new projects in Noida, and new launch projects in Gurgaon.
