Prestige Estates Projects, one of India’s leading real estate developers, has recently made an exciting announcement. The company has successfully acquired 62.5 acres of prime land situated in Indirapuram extension, NCR.
A Strategic Move to Expand Footprint in a Dynamic Real Estate Market
This strategic acquisition represents a significant milestone for the Prestige Group as it further establishes its presence in the dynamic real estate market of NCR. With this expansion, Prestige Estates Projects aims to tap into the immense potential that the region has to offer. The acquired land will primarily be developed as a residential area. However, the project will not just focus solely on housing but will present a comprehensive urban community. The plans include integrated residential, education, and retail segments that align with Prestige Group’s vision of providing modern living spaces that cater to the needs of the community.
The Prestige City: A Township Redefining Modern Living
This new project will be branded under the successful ‘The Prestige City’ format. It aims to offer residents more than just a place to live but an unparalleled lifestyle experience within a large, self-sustaining township. The Prestige City aims to achieve this by seamlessly blending residential, retail, school, and recreational spaces to create a vibrant and all-inclusive environment.
A Major Investment: Rs 468 Crore for the Acquisition
The successful acquisition of the 62.5-acre land has required a significant investment on Prestige Estates Projects’ part. The cost of acquisition: an impressive sum of Rs 468 crore. This investment reflects the confidence that Prestige Group has in the potential of the NCR market.
Commitment to Creating Enduring Value
This substantial investment is a testament to Prestige Group’s commitment to long-term growth and creating enduring value for its stakeholders. The company strongly believes in the growth prospects of the NCR market and is dedicated to contributing positively to its development. Prestige Estates Projects’ latest land acquisition in NCR’s Indirapuram extension serves as a testament to the company’s expansion plans in the lucrative real estate market. It showcases their commitment to creating integrated urban communities and offering residents a unique, modern living experience. With ‘The Prestige City,’ the Prestige Group seeks to redefine the concept of townships, catering to the evolving needs of residents and making a lasting impact on the NCR real estate landscape.
