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Prestige group plans expansion in Delhi-NCR market in '26: Senior V-P
Business Standard
|October 21, 2025
Bengaluru-based real estate major Prestige group is planning rapid expansion in Delhi-NCR on the back of a near sellout of the first phase of its flagship project Prestige City in Indirapuram Extension, Ghaziabad, even as the developer looksto create a long-term presence inthe leadingnorth Indian realty market in the country.
The developer sold more than %8,000 crore worth of inventory of a total of %11,000 crore in the first phase, prompting it to launch another phase of the same project called MayFlower earlier this month, which is of around 2,200 crore gross development value (GDV), atop executive said. GDV is the estimated total market value of acompleted real-estate project after construction is finished.
“We are already working on some proposals in Gurgaon, Delhi as well as in Noida. Definitely we are there for a long term and looking at deepening and actually widening our footprint there. Hopefully in 2026, we should have more projects inthe Delhi-NCR market,” said Praveer Srivastava, senior vice president atthe Prestige group.
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