project details: ‘Mayflower’ and ‘The Prestige City, Indirapuram’

Prestige Estates Projects ltd. has launched ‘Mayflower’, comprising 620 apartments, with an estimated revenue of ₹2,200 crore (approximately $26.5 million USD as of October 12, 2025). this launch is part of the larger ‘the Prestige City, Indirapuram’ township project in Ghaziabad, uttar pradesh.Prestige Estates initially entered the Delhi-NCR market in april 2024 with this 62.5-acre township.

The first phase of ‘The prestige city, Indirapuram’ included the ‘Oakwood’ and ‘Mulberry’ housing projects, totaling 3,421 units with a combined sales value of approximately ₹9,000 crore (approximately $108.3 million USD as of October 12, 2025). According to reports, nearly all units from the first phase have been sold, prompting the launch of ‘Mayflower’.

Company Strategy and Market Context

This expansion reflects Prestige Estates’ strategy to capitalize on the robust demand for premium residential properties in India.Praveer Shrivastava, Senior Executive VP, Residential at Prestige Group, has indicated a focus on delivering high-quality residential offerings. The Delhi-NCR region, encompassing Delhi, Noida, Faridabad, Ghaziabad, and Gurgaon, is a key growth market for real estate developers.

The Indian real estate sector has experienced important growth in recent years, driven by factors such as rising disposable incomes, urbanization, and favorable government policies. Demand for luxury and premium housing, in particular, has remained strong, even amidst broader economic fluctuations.

Delhi-NCR Real Estate Market Overview (2023-2025)

The delhi-NCR region has consistently been a major contributor to India’s real estate sales. Here’s a snapshot of key trends: