{"id":982,"date":"2024-12-22T07:52:57","date_gmt":"2024-12-22T07:52:57","guid":{"rendered":"https:\/\/gaursector129noida.in\/news\/?p=982"},"modified":"2024-12-22T07:52:57","modified_gmt":"2024-12-22T07:52:57","slug":"big-breaking-news-prestige-estate-launching-soon-62-5-acres-land-in-indirapuram-extension","status":"publish","type":"post","link":"https:\/\/gaursector129noida.in\/news\/big-breaking-news-prestige-estate-launching-soon-62-5-acres-land-in-indirapuram-extension\/","title":{"rendered":"Big Breaking News Prestige Estate Launching Soon 62.5 Acres Land in Indirapuram Extension"},"content":{"rendered":"

Big Breaking News Prestige Estate Launching Soon 62.5 Acres Land in Indirapuram Extension<\/h1>\n

 <\/p>\n

The Prestige Group has made a significant move in the real estate market by acquiring a substantial land parcel of 62.5 acres located in Prestige Indirapuram Extension<\/strong><\/a>, Ghaziabad. This acquisition is part of the company\u2019s strategy to expand its footprint in the National Capital Region (NCR), which is one of India\u2019s most dynamic real estate markets.<\/p>\n

\"Prestige
Prestige Indirapuram Extension<\/figcaption><\/figure>\n

Details of the Acquisition<\/h2>\n

The cost associated with this land acquisition amounts to Rs 468 crore, which includes a revenue-sharing agreement. This strategic investment is aimed at developing a large-format integrated township under the \u2018Prestige City<\/a> Indirapuram Extension<\/strong>\u2019 brand, which has already seen success in other major cities like Bengaluru, Mumbai, and Hyderabad. The project is expected to cover an impressive 10 million square feet of saleable area, with a projected Gross Development Value (GDV) exceeding Rs 10,000 crore.<\/p>\n

\"Prestige
Prestige Indirapuram Extension<\/figcaption><\/figure>\n

Project Vision and Timeline<\/h3>\n

According to Venkat K Narayana, the Group CEO of Prestige Group, the company plans to launch this project within the next two quarters and aims for completion within four years. Prestige Indirapuram <\/b>The development will primarily focus on residential purposes but will also incorporate educational and retail facilities, thereby creating an integrated urban community that enhances modern living standards.<\/p>\n

Company Background and Market Position<\/strong><\/h4>\n

Prestige Group has established itself as one of India\u2019s leading real estate developers with operations across 13 major locations. Prestige Estate Siddharth Vihar Ghaziabad <\/b>As of September 2023, the company boasts over 300 completed projects, totaling more than 180 million square feet developed across various segments including residential, office spaces, and retail. Furthermore, it has 56 ongoing projects covering an additional 86 million square feet, along with plans for another 43 projects spanning approximately 85 million square feet.<\/p>\n

\"Prestige
Prestige Indirapuram<\/figcaption><\/figure>\n

The company holds a robust land bank exceeding 728 acres, indicating its strong position for future developments. Prestige Estate Indirapuram Reviews<\/strong> It has received high credit ratings from CRISIL (DA1+) and ICRA (A+), reflecting its financial stability and reliability in executing large-scale projects.<\/p>\n

Prestige\u00a0 Indirapuram Reviews<\/strong> this acquisition not only signifies Prestige Group\u2019s commitment to expanding its presence in NCR but also highlights its strategic approach towards developing integrated communities that cater to modern lifestyle needs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Big Breaking News Prestige Estate Launching Soon 62.5 Acres Land in Indirapuram Extension   The Prestige Group has made a 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