Prestige Estates launches 620 homes; ₹2,200 crore in Ghaziabad

What Prestige Estates announced

Prestige Estates Projects Ltd has announced multiple residential launches across key markets, alongside updates on its commercial portfolio. The company launched 620 residential units in Ghaziabad in the second phase of its township project, and it also disclosed details of a new Mumbai residential project. Separately, the developer highlighted traction in Hyderabad for its township launch under the “Prestige Golden Grove” branding.

The updates indicate a focus on scaling branded, larger-format developments and accelerating sales velocity in suburban and new-entry markets. The company has cited demand for premium residential properties as a driver for expanding its footprint.

Ghaziabad launch: 620 homes in ‘Mayflower’ phase

Prestige said it has launched 620 residential units in the ‘Mayflower’ phase of ‘The Prestige City, Indirapuram’ township in Ghaziabad. The company expects this phase to generate revenue of ₹2,200 crore. The total estimated gross development value (GDV) of the ‘Mayflower’ phase has also been stated at around ₹2,200 crore.

The Ghaziabad township is spread across 62.5 acres in Indirapuram Extension on National Highway 24. Prestige described the launch as part of its strategy to expand business amid strong demand for premium residential properties.

Delhi-NCR entry and the first-phase performance

Prestige made its debut in the Delhi-NCR real estate market earlier in April with the launch of its 62.5-acre township project, The Prestige City, Indirapuram, in Ghaziabad. In the initial phase, it launched two residential projects, Oakwood and Mulberry.

Oakwood and Mulberry together offered 3,421 units, with an estimated sales potential of approximately ₹9,000 crore. The company said it has sold almost all the units launched in the first phase, and has now moved to the second-phase launch through ‘Mayflower’.

Mumbai: ‘Prestige Garden Trails’ at Dahisar-Mira Road

In a regulatory filing, Prestige said it has launched a new residential project, ‘Prestige Garden Trails’, located at the Dahisar-Mira Road corridor on the Western Express Highway in Mumbai. The project is spread over 5.2 acres and comprises 1,324 residential units.

Prestige disclosed a total carpet area of around 1 million sq ft for the project and an estimated GDV of ₹2,000 crore. The company also said the project is located near an upcoming Metro station and includes amenities such as landscaped gardens, a clubhouse, and fitness facilities.

Mulund township positioning and suburban scaling

Prestige linked its suburban strategy to the performance of its flagship integrated township, The Prestige City Mulund, in Mumbai’s eastern suburbs. In the same context, the company indicated it plans to use its brand equity to drive greater scale and speed in suburban markets.

In another update, the company referenced a retail development of around 2 lakh sq ft linked to its ₹10,000-crore Mulund township. It also said that flats at Prestige City project in Mulund are priced between ₹3 crore and ₹6 crore.

Hyderabad: ‘Prestige Golden Grove’ launch and early sales

Prestige also referenced press releases related to Hyderabad under the “Prestige Golden Grove” branding. One release stated the company saw a strong response to ‘Prestige Golden Grove’ in Hyderabad, clocking ₹2,500 crore in early sales.

Another release described the launch of a mega 5,120-unit township ‘Prestige Golden Grove’ in Hyderabad with a GDV of ₹9,500 crore. These numbers point to large-scale township execution and early monetisation, as per the company’s statements.

Commercial portfolio: ongoing projects and pipeline

On the commercial side, Prestige said it has two projects underway totaling 7.71 million sq ft, and it aims to double this portfolio. The pipeline includes three office projects of 3.1 million sq ft.

Alongside offices, the company also referenced a retail development of around 2 lakh sq ft associated with its Mulund township plan. Taken together, these updates indicate continued focus on annuity-style assets, alongside residential launches.

Key numbers at a glance

Market impact: what these launches signal

Prestige’s updates show parallel scaling across Mumbai and Delhi-NCR, with Ghaziabad positioned as a township-led entry. The company’s estimate of ₹2,200 crore for the 620-unit ‘Mayflower’ phase provides a clear near-term monetisation target for the second phase.

In Mumbai, the ₹2,000-crore GDV for ‘Prestige Garden Trails’ adds to the company’s suburban pipeline, with location attributes such as proximity to an upcoming Metro station cited in its filing. And the Hyderabad disclosures, including ₹2,500 crore in early sales and a ₹9,500-crore GDV township launch, reflect a push toward large-format developments with faster initial sales traction.

Why the story matters

The cluster of launches and disclosures highlights how developers are using township branding and phased inventory releases to manage absorption while keeping revenue visibility in focus. Prestige’s reference to selling almost all units in the first phase in Ghaziabad provides context for why a second phase has now been launched.

The commercial pipeline update is also relevant because Prestige has outlined a specific scale-up goal - doubling a portfolio that currently includes two projects totaling 7.71 million sq ft, with three more office projects of 3.1 million sq ft in the pipeline.

Conclusion

Prestige Estates’ recent updates span a ₹2,200-crore phase launch in Ghaziabad, a ₹2,000-crore GDV Mumbai project, and Hyderabad township disclosures that include ₹2,500 crore in early sales and a ₹9,500-crore GDV launch. Alongside residential expansion, the company has reiterated plans to grow its commercial footprint, with ongoing projects and a stated pipeline. Investors will track subsequent filings and launch updates for execution progress across these markets.