Launch Date of Prestige City Indirapuram
The township project known as Prestige City, located in Indirapuram Extension, Ghaziabad, is expected to be launched in the current quarter. This timeline is contingent upon the receipt of all necessary approvals from local authorities. The project is part of a larger investment strategy by Prestige Estates Projects Ltd, which plans to invest approximately ₹7,000 crore into this development.
Project Overview and Timeline
Acquisition of Land: In March 2024, Prestige Estates acquired 62.5 acres of land for more than ₹450 crore at Prestige Siddharth Vihar, which will serve as the site for Prestige City.
Development Plans: The company intends to develop around 10 million square feet of residential space within this township. The project will primarily target end-users and offer a variety of apartment configurations including two, three, and four-bedroom units.
Approval Process: As of now, the launch is anticipated after obtaining all necessary approvals from relevant authorities. The company has expressed optimism about launching the project soon.
Market Potential: Irfan Razack, Chairman and Managing Director of Prestige Group, has indicated a strong belief in the potential success of this venture in the Delhi-NCR housing market.
Prestige Indirapuram while an exact date for the launch has not been specified beyond “this quarter,” it is clear that preparations are underway and that the company is eager to move forward with this significant investment in Ghaziabad’s real estate market.
