Team Opulnz Abode: 25-04-2024, 12:15: Read Time – 3 mins
Real estate giant Prestige Group has set its sights on a bold expansion in the Delhi-NCR region, marking a significant leap forward in its growth trajectory. With the acquisition of 62.5 acres in Ghaziabad, the company is poised to launch a groundbreaking township project that redefines modern living in the National Capital Region (NCR).
The Vision: A Township of Unprecedented Scale and Innovation
Prestige Group’s commitment to innovation and excellence in real estate development lies at the heart of this expansion. The forthcoming township project in Ghaziabad, spanning over 10 million square feet of saleable area, is a testament to the company’s vision of creating integrated urban communities that offer a holistic lifestyle experience.
Strategic Acquisition: A Milestone in Prestige Group’s Journey
The strategic acquisition of prime land in Indirapuram Extension by Prestige Group not only strengthens its presence in the dynamic NCR market but also presents a promising opportunity for investors. With a projected Gross Development Value (GDV) surpassing ₹10,000 crore, this ambitious project underlines the company’s confidence in the region’s potential for growth and development, promising attractive returns for investors.
The Prestige City: A Brand Synonymous with Excellence
Building on the success of its iconic ‘The Prestige City’ format, Prestige Group aims to replicate its triumphs in Bengaluru, Mumbai, and Hyderabad in the NCR region. The township in Ghaziabad will bear the hallmark of Prestige’s commitment to quality, offering residents a seamless blend of residential, retail, educational, and recreational spaces.
Leadership Perspective: Driving Innovation and Transformation
Irfan Razack, Chairman and Managing Director of Prestige Group, expressed his excitement about the acquisition, highlighting the opportunity for the company to redefine urban living in NCR. Similarly, Venkat K Narayana, Group CEO, emphasized Prestige Group’s track record of delivering iconic developments, a testament to the company’s capability and commitment to setting new benchmarks with the upcoming project.
Diversified Portfolio: A Legacy of Excellence
With over three decades of experience in real estate development, Prestige Group boasts a diversified business model across various segments, including residential, office, retail, hospitality, property management, and warehouses. With operations in more than 12 significant locations in India and 300 completed projects spanning a developable area of 188 million square feet, the group stands as a beacon of excellence in the industry.
A Bold Step Towards a Brighter Future
Prestige Group’s expansion into the Delhi-NCR region marks the dawn of a new era in real estate development. With its visionary leadership, commitment to innovation, and track record of excellence, the company is poised to redefine urban living and create enduring value for regional stakeholders.
FAQs about Prestige City Indirapuram Ghaziabad Township Project
What is the size of Prestige Group’s acquisition in Ghaziabad?
Prestige Group has acquired 62.5 acres of land in Ghaziabad for its upcoming township project.
What is the Ghaziabad project’s projected Gross Development Value (GDV)?
The projected GDV of the project surpasses ₹10,000 crore, highlighting its immense economic potential.
What is the timeline for launching and completing the Ghaziabad project?
The Ghaziabad project is set to be launched within the next two quarters, and the construction is expected to be completed over a span of four years, ensuring a timely delivery of the project.
What is the strategic significance of this acquisition for Prestige Group?
The acquisition of prime land in Indirapuram Extension is a significant strategic move by Prestige Group, cementing its commitment to growth and innovation in the dynamic NCR real estate market.
What amenities will be offered in the Ghaziabad township project?
The township will feature a seamless blend of residential, retail, educational, and recreational spaces, aiming to provide residents with a holistic lifestyle experience.
How does Prestige Group leverage its legacy and expertise in the Ghaziabad project?
Prestige Group intends to leverage its three-decade-long legacy of excellence in real estate development to set new benchmarks in urban living and community development in Ghaziabad.
What amenities can residents expect from the Prestige City Indirapuram Ghaziabad Township Project?
Prestige City Indirapuram Ghaziabad Township Project residents can expect a host of unique amenities, including state-of-the-art hospitals, sprawling malls, top-notch schools, and wide roads for convenient commuting. The township is meticulously designed to offer a holistic living experience, catering to the diverse needs of modern families.
What types of properties will be available in the Prestige City Indirapuram Ghaziabad Township Project?
Prestige City Indirapuram Ghaziabad Township Project will offer various properties, including high-rises, villas, and floors. Whether you prefer the panoramic views from a high-rise apartment or the spaciousness of a villa, there will be options to suit every lifestyle and preference.
What is the expected price range for Prestige City Indirapuram Ghaziabad Township Project properties?
The expected price range for Prestige City Indirapuram and Ghaziabad Township Project properties is around 9000 per square foot (psf). However, prices may vary depending on the property type, location within the township, and additional amenities offered.
Is the Prestige City Indirapuram Ghaziabad Township Project part of an innovative city development initiative?
Yes, Prestige City Indirapuram and Ghaziabad Township Project are designed to be on the verge of innovative city development. Focused on sustainability, technology integration, and urban planning, the township aims to provide residents with a modern and efficient living environment.
What is the expected return on investment (ROI) for Prestige City Indirapuram Ghaziabad Township Project properties?
Properties in Prestige City Indirapuram and Ghaziabad Township Project are expected to have a high ROI, given their prime location, comprehensive amenities, and prestigious developer reputation. Investors can anticipate attractive returns over the long term as the township evolves and matures.
When will the Prestige City Indirapuram Ghaziabad Township Project be launched?
The launch date for the Prestige City Indirapuram Ghaziabad Township Project is yet to be announced. However, with the project’s development progress and the company’s commitment to timely execution, prospective buyers can expect updates soon regarding the official launch date. Source: https://www.hindustantimes.com/real-estate/prestige-group-expands-footprint-in-delhi-ncr-acquires-62-5-acres-in-ghaziabad-for-a-township-project-101711040552504.html
