Prestige Estates Launches 620 Homes in Ghaziabad with ₹2,200 Crore GDV
Prestige Estates Projects Ltd has launched 620 residential units in Ghaziabad, marking a significant expansion in the Delhi-NCR real estate market. The project, named Mayflower, is part of the larger The Prestige City, Indirapuram, and has an estimated gross development value of ₹2,200 crore.
Prestige EstatesGhaziabadReal EstateThe Prestige CityIndirapuramReal Estate NewsOct 12, 2025
Earlier in April, the realty firm made its debut in the Delhi-NCR real estate market with the launch of its 62.5-acre township project, The Prestige City, Indirapuram, in Ghaziabad, Uttar Pradesh. This project marked Prestige Estates' entry into one of the most dynamic and rapidly growing real estate markets in India.
In the initial phase of The Prestige City, Indirapuram, Prestige unveiled two residential projects — Oakwood and Mulberry — together offering 3,421 units with an estimated sales potential of approximately ₹9,000 crore. The company has successfully sold nearly all the units in the first phase, reflecting the high demand for quality residential properties in the region.
The second phase of the township, named Mayflower, comprises 620 residential units. The Mayflower project spans a developable area of 1.94 million square feet and carries a projected GDV of around ₹2,200 crore. This phase is expected to attract a diverse range of buyers, from young professionals to families looking for a comfortable and modern living environment.
Prestige Estates has posted record-breaking sales in the first half of financial year 2025-26 (FY26), achieving ₹18,143.7 crore — a 157 per cent increase year-on-year (Y-o-Y) — surpassing its total sales for FY25. The company's strong performance is a testament to its strategic approach and the quality of its projects.
In the second quarter of FY26, Prestige launched 3.87 million square feet of developable area with a GDV of ₹3,966.9 crore, bringing total launches in H1FY26 to 18.81 million square feet and a cumulative GDV of ₹17,592.2 crore. These figures highlight the company's robust growth and its ability to meet the increasing demand for residential properties.
“We are delighted to report an outstanding first half, marked by record sales and strong collections,” said Irfan Razack, chairman and managing director, Prestige Group, in an exchange filing. “Our maiden project in NCR, The Prestige City, Indirapuram, has seen tremendous response, recording sales of over ₹8,300 crore and collections of around ₹1,500 crore in just a few months,” Razack added.
As of June 2025, the group had completed 307 projects covering 199 million square feet and currently has a development pipeline of 132 projects spanning approximately 200 million square feet. This extensive portfolio and strong market presence position Prestige Estates as a leading player in the Indian real estate sector.
Frequently Asked Questions
What is the total number of units in the Mayflower project?
The Mayflower project comprises 620 residential units.
What is the estimated gross development value (GDV) of the Mayflower project?
The Mayflower project has an estimated gross development value (GDV) of ₹2,200 crore.
Where is The Prestige City, Indirapuram located?
The Prestige City, Indirapuram is located in Ghaziabad, Uttar Pradesh.
How many units were sold in the first phase of The Prestige City, Indirapuram?
Nearly all the units in the first phase of The Prestige City, Indirapuram, which comprised 3,421 units, have been sold.
What is the total sales achievement of Prestige Estates in the first half of FY26?
Prestige Estates achieved ₹18,143.7 crore in sales in the first half of financial year 2025-26 (FY26).
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