Prestige Group Expands Footprint in Delhi NCR with New Projects in 2026
Prestige Group, a leading real estate developer, is set to expand its presence in the Delhi NCR market with several high-rise apartment and plotted projects, following the successful sellout of its flagship project in Ghaziabad.
Real EstateExpansionDelhi NcrPrestige GroupGross Development ValueReal Estate NewsOct 20, 2025
Praveer Srivastava, Senior Vice President at Prestige Group, stated, “We are already working on some proposals in Gurgaon, Delhi, and Noida. We are committed to a long-term presence and aim to deepen and widen our footprint in the region. Hopefully, by 2026, we will have more projects in the Delhi-NCR market.”
Delhi-NCR has emerged as the leading real estate market in the first half of 2025-26 (H1FY26), accounting for 45% of total sales, surpassing the company’s primary areas of operations in Bengaluru and Mumbai. For the half year ended September 2026, sales volumes aggregated 13.96 million square feet (msf), representing 6,788 units sold. Value-wise, sales worth ₹18,143 crore were recorded, a 157% year-on-year (Y-o-Y) increase, and surpassing the full-year sales of FY25. A third of the sales came in the second quarter ended September, up by 50% Y-o-Y.
The average realization for apartments increased by 8% Y-o-Y to ₹14,906 per square foot (sq ft), while plots saw a sharp 43% increase in realization to ₹9,510/sq ft. This trend underscores the company’s strategy to offer more plotted developments. “We’ve seen a significant rise in demand for plotted developments, especially with us. These are not just developed lands but developed communities with proper clubhouses, good infrastructure, and clear title. Our plotted developments are typically at a premium of 20-25% to the market and still get sold out within the first month of launch,” Srivastava added.
Despite a more discerning customer base, the demand for quality developments by reputable builders remains high, bucking the overall slowdown in the residential market. This is why the company is planning to bring more inventory to the market. Beyond Delhi-NCR, Prestige Group plans to launch Prestige Garden Trail on Mira Road, Thane, and three large residential high-rise apartment projects and one plotted development project in Bengaluru, with a GDV of ₹7,500 crore, in the quarter ending December. In Hyderabad’s Kollur area, a 5,000-plus apartment complex with a GDV of ₹7,500 crore will also come up.
“We have achieved ₹18,000 crore in bookings in the last six months, against ₹17,000 crore in FY25. We expect to see a 50-60% increase in sales for the full year compared to last year,” Srivastava said. On the commercial side, the company has leased 6 msf of space in the first nine months of the year, matching the full-year leasing it did in 2024.
Frequently Asked Questions
What is the current status of Prestige Group's flagship project in Ghaziabad?
Prestige Group has nearly sold out the first phase of its flagship project, Prestige City, in Indirapuram Extension, Ghaziabad, with sales exceeding ₹8,000 crore out of a total of ₹11,000 crore.
What new projects is Prestige Group planning to launch in Delhi-NCR?
Prestige Group is planning to launch more high-rise apartment and plotted projects in Gurgaon, Delhi, and Noida, with the aim of expanding its presence in the region by 2026.
How has the demand for plotted developments changed in the market?
The demand for plotted developments has increased significantly, with Prestige Group's plotted developments typically commanding a premium of 20-25% to the market and selling out quickly upon launch.
What other regions is Prestige Group planning to develop in besides Delhi-NCR?
Beyond Delhi-NCR, Prestige Group plans to launch projects in Mira Road, Thane, Bengaluru, and Hyderabad, including residential high-rise apartment projects and plotted developments.
What are Prestige Group's sales projections for the full year?
Prestige Group expects to see a 50-60% increase in sales for the full year compared to the previous year, based on the strong performance in the first half of 2025-26.
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