Prestige Group aims ₹12,000 cr revenue from Ghaziabad township project

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Prestige Group aims ₹12,000 cr revenue from Ghaziabad township project - Business Standard

Quick Summary:

With all approvals secured, Prestige Group has begun marketing the first phase of this township project named 'Oakwood and Mulberry' which together represent a Gross Development Value (GDV) of over Rs 9,000 crore.

Real estate firm Prestige Estates Projects Ltd is targeting Rs 12,000 crore revenue from a 62.5-acre township at Ghaziabad, marking its entry into the Delhi-NCR growing residential market.

In a regulatory filing on Tuesday, the company announced its entry into the National Capital Region (NCR) residential market with the launch of the first phase of 'The Prestige City, Indirapuram'.