NCR launch may help Prestige group in achieving highest-ever quarterly pre-sale
is expecting the current quarter to be the biggest in terms of pre-sale as launches of previous quarter got pushed due to the regulatory challenges.
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The Bangalore-based company, which has launched the phase one of its Rs 12,000 crore worth project in Ghaziabad, has already sold Rs 3,000 crore worth apartment.
The phase one has a Gross Development Value (GDV) of over Rs 9,000 crore — making it one of the biggest project in NCR.
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Oakwood and Mulberry, which are part of phase one, feature a combined 3,421 premium units across 19 towers.
Spread over 62.5 acres in
Indirapuram Extension
on National Highway 24, the township will have two clubhouses spread over 100,000 sq. ft., and an integrated Forum Mall covering 1.18 million sq. ft. of retail and entertainment experiences.
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'We are deeply committed to expanding our presence in NCR. In addition to talking to the current land partner for additional land, we are exploring land in other NCR cities as well,' said Irfan Razack, Chairman and Managing Director, Prestige Group.
The group is awaiting clearance for a boutique luxury housing project in KG Marg in Delhi.
The Indirapuram project is expected to be completed within four and half years.
'After a long time, NCR has seen launch of a reputed developer of outside NCR. The response from customers are good despite it being the first project of the group in the region. The pricing also ensured long time investors and end users interest,' said Sachin Arora, founder of Moneytree Realty, a real estate brokerage firm.
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