Prestige Group plans Delhi NCR expansion with new projects in 2026

Planning new projects in Gurgaon, Delhi and Noida in 2026

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 looks to create a long-term presence in the leading north 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), a top executive said. GDV is the estimated total market value of a completed 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 in the Delhi-NCR market,” said Praveer Srivastava, senior vice president at the Prestige group.

 

Delhi-NCR has had the largest share of sales in the first half of 2025-26 (H1FY26), with 45 per cent of total sales coming from the region, higher than its primary areas of operations in Bengaluru and Mumbai, according to the company’s updates to the stock exchanges as of the quarter, and half year ended September 2026.

 

For the half year ended September, sales volumes aggregated 13.96 million square feet (msf), representing 6,788 units sold. Value-wise, sales worth ₹18,143 crore were recorded, up 157 per cent year-on-year (Y-o-Y), and surpassing the full-year sales of FY25. A third of the sales came in the second quarter ended September, up by 50 per cent Y-o-Y.

 

While the average realisation for apartments was up 8 per cent Y-o-Y to ₹14,906 per square foot (sq ft), plots saw a sharp 43 per cent increase in realisation to ₹9,510/sq ft, underscoring the company’s strategy to offer a higher number of plotted developments than earlier.

 

“We’ve seen demand for plotted developments on the rise in the market, especially with us, since plotted developments will not just be a developed land but will be a developed community, having a proper club house with good infrastructure. Plotted developments will also have plug-and-play infrastructure facilities with clear title. Therefore. our plotted developments are typically at a premium of 20-25% to the market, and still they get sold out in the very first month of our launch,” the executive added.

 

Srivastava said that while customers were more discerning, the demand for good developments by reputed builders was still high, bucking the slowdown trend being seen in the overall residential market. That is also why the company is planning to bring more inventory into the market. Beyond Delhi-NCR, the company plans to launch Prestige Garden Trail on Mira Road, Thane, and three large residential high-rise apartment projects and one plotted development project in Bengaluru, with a GDV of ₹7,500 crore, in the quarter ending December. In Hyderabad’s Kollur area, a 5,000-plus apartment complex with a GDV of ₹7,500 crore will come up, he said.

 

“We have done ₹18,000 crore in the last six months in terms of bookings, against ₹17,000 crore in FY25. So, I would be up by maybe 50 per cent or 60 per cent for the year as opposed to last year on a full-year basis,” Srivastava added.

 

On the commercial side, the company has leased 6 msf of space in the first nine months of the year, which was equal to the full year leasing it did in 2024.