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Stock Report
Prestige Group makes strong debut in NCR: Clocks ₹3,000 cr of Sales within a week of launch
Posted On : 2025-05-06 18:20:26( TIMEZONE : IST )
Prestige Group has announced a phenomenal response to its first residential launch in the NCR region, The Prestige City, Indirapuram, achieving sales of over ₹3,000 crore across 1,200 units within a week of its launch.
The strong customer response is a significant milestone for Prestige Group as it marks the company's foray into the NCR residential market. The success reaffirms the brand's credibility and underscores the growing demand for high-quality, thoughtfully designed residential communities across key urban centres.
Spread across 62.5 acres in Indirapuram Extension on National Highway 24, The Prestige City, Indirapuram offers a world-class integrated living experience. The current launch covered two residential phases, Oakwood and Mulberry, featuring a total of 3,421 homes across 19 towers. An upcoming residential phase, Mayflower, will further expand the community, offering even more curated living options for discerning homebuyers. The development will also house a Forum Mall spanning 1.18 million square feet, bringing vibrant retail and entertainment experiences to the heart of the township.
Speaking on the achievement, Mr. Irfan Razack, Chairman and Managing Director, Prestige Group, said: "We are delighted with the overwhelming response to our first residential project in NCR. It is a proud moment for Prestige Group, and a strong validation of the trust that homebuyers place in us. We look forward to launching many more landmark projects across NCR and continuing to build on this momentum. The year ahead is particularly exciting for us, with significant launches planned across Bengaluru, Chennai, Goa, NCR, Mumbai, and Hyderabad."
The success of The Prestige City, Indirapuram sets the tone for Prestige Group's ambitious growth plans as it deepens its presence in North India, while continuing to strengthen its leadership across other key markets.
Shares of Prestige Estates Projects Limited was last trading in BSE at Rs. 1384.70 as compared to the previous close of Rs. 1363.40. The total number of shares traded during the day was 19400 in over 2061 trades.
The stock hit an intraday high of Rs. 1398.00 and intraday low of 1357.80. The net turnover during the day was Rs. 26796989.00.
