By Prestige Estates Projects has recently announced a significant leap in its journey of real estate development with the acquisition of a sprawling 62.5-acre land parcel in the Indirapuram Extension area of Ghaziabad, within the dynamic Delhi-NCR region. This strategic purchase, valued at Rs 468 crore, not only expands the geographical footprint of Prestige Group but also sets the stage for a transformative project that aims to redefine the essence of modern urban living.
The land, which is set to host a development with a saleable area exceeding 10 million square feet, primarily focuses on residential units while also accommodating educational and retail facilities. This diverse mix is designed to foster an integrated community that caters to the comprehensive needs of its residents. Titled ‘The Prestige City’, this ambitious project echoes Prestige Group’s vision of crafting self-sufficient urban ecosystems that enhance lifestyle standards through thoughtful design and amenities.
Also Read: Prestige Estates Projects Acquires 62.5 Acres Prime Land in Indirapuram Extension, NCR
The project’s Gross Development Value (GDV) is anticipated to surpass the Rs 10,000 crore mark, reflecting the significant economic potential and value creation this development promises to bring to the stakeholders and the broader community. Scheduled to commence within the forthcoming quarters and span over four years, this venture is a testament to Prestige Group’s commitment to innovation and excellence in the real estate domain.
This acquisition is more than just an expansion for Prestige Estates Projects; it represents a pivotal moment in the real estate landscape of Delhi-NCR. By introducing ‘The Prestige City’ format to this region, following its success in other major cities like Bengaluru and Mumbai, the group is setting a new benchmark for large-scale community-oriented developments. The project is expected to significantly contribute to the infrastructural and economic growth of Ghaziabad, enhancing the quality of life and offering new opportunities for residents and investors alike.
For potential homeowners, The Prestige City in Indirapuram Extension offers a unique opportunity to be part of a meticulously planned urban township that promises not just a home, but a lifestyle upgrade. The blend of residential, educational, and retail spaces within the township is crafted to provide convenience and a holistic living experience to its inhabitants.
Investors, on the other hand, are looking at a golden opportunity with this project. The strategic location in the NCR, coupled with the reputation of Prestige Group for delivering high-quality developments, makes this an attractive proposition for both domestic and international investors seeking to capitalize on the burgeoning real estate market in the region.
As the development progresses, it is poised to have a ripple effect on the property values and overall market dynamics within the NCR, potentially uplifting the real estate scenario in neighboring areas as well. The anticipation around ‘The Prestige City’ is a clear indicator of the evolving demands for integrated living solutions in urban settings, and Prestige Upcoming Projects in Whitefield is at the forefront of meeting these needs with its innovative approach and strategic investments. Stay tuned for further updates as this landmark project unfolds, promising a new era of urban development in Ghaziabad.
Also Read: Prestige City Indirapuram | Prestige Township Project in Ghaziabad
