Prestige Group Expands in Delhi NCR with New Projects in 2026
Bengaluru-based real estate major Prestige Group is planning a rapid expansion in the Delhi NCR region, backed by the near sell-out of the first phase of its flagship project, Prestige City, in Indirapuram Extension, Ghaziabad. This success has prompted the company to launch another phase of the same project, called MayFlower, with a gross development value (GDV) of around ₹2,200 crore.
The developer sold more than ₹8,000 crore worth of inventory out of a total of ₹11,000 crore in the first phase, a significant achievement that has bolstered its confidence in the Delhi NCR market. According to Praveer Srivastava, Senior Vice President at Prestige Group, the company is already working on new proposals in Gurgaon, Delhi, and Noida. “We are there for the long term and looking to deepen and widen our footprint in the region. Hopefully, by 2026, we will have more projects in the Delhi-NCR market,” he said.
Delhi NCR has been a key market for Prestige Group, accounting for 45% of total sales in the first half of 2025-26 (H1FY26), higher than its primary areas of operations in Bengaluru and Mumbai. For the half year ended September, the company recorded sales volumes of 13.96 million square feet (msf), representing 6,788 units sold. Value-wise, sales worth ₹18,143 crore were recorded, up 157% year-on-year (Y-o-Y), surpassing the full-year sales of FY25. A third of the sales came in the second quarter, up by 50% Y-o-Y.
The average realisation for apartments increased by 8% Y-o-Y to ₹14,906 per square foot (sq ft), while plots saw a sharp 43% increase in realisation to ₹9,510/sq ft. This underscores the company’s strategy to offer a higher number of plotted developments. “We’ve seen demand for plotted developments on the rise in the market, especially with us. Plotted developments are not just developed land but will be developed communities with proper club houses, good infrastructure, and clear title. Therefore, our plotted developments are typically at a premium of 20-25% to the market and still get sold out in the first month of our launch,” Srivastava added.
While customers are becoming more discerning, the demand for good developments by reputable builders remains high, countering the slowdown trend in the overall residential market. This is why the company is planning to bring more inventory into 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 done ₹18,000 crore in the last six months in terms of bookings, against ₹17,000 crore in FY25. So, I would be up by maybe 50% or 60% for the year as opposed to last year on a full-year basis,” Srivastava added. 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.
Prestige Group’s strategic expansion in Delhi NCR and other key markets highlights its commitment to delivering high-quality, well-planned developments that meet the growing demand for residential and commercial spaces. The company’s focus on plotted developments and strong sales performance positions it well for sustained growth in the coming years.
