Bengaluru-based Prestige Estates Projects Ltd has strengthened its presence in the Delhi-NCR real estate market with the launch of the second phase of its flagship township, The Prestige City, in Ghaziabad.

The new phase, named Mayflower, comprises 620 residential units with an estimated gross development value (GDV) of ₹2,200 crore. The launch follows the near sell-out of the first phase—housing projects Oakwood and Mulberry—which collectively offered 3,421 units worth about ₹9,000 crore.

Having successfully sold nearly all the units in the first phase, the company has now introduced the second phase of the township, named Mayflower, which comprises 620 residential units. The Mayflower project spans a developable area of 1.94 million square feet and carries a projected GDV of around ₹2,200 crore.

The group has posted record-breaking sales in the first half of financial year 2025-26 (FY26), achieving ₹18,143.7 crore — a 157 per cent increase year-on-year (Y-o-Y) — surpassing its total sales for FY25.

In the second quarter of FY26, Prestige launched 3.87 million square feet of developable area with a GDV of ₹3,966.9 crore, bringing total launches in H1FY26 to 18.81 million square feet and a cumulative GDV of ₹17,592.2 crore.

“We are delighted to report an outstanding first half, marked by record sales and strong collections,” said Irfan Razack, chairman and managing director, Prestige Group, in an exchange filing.

“Our maiden project in NCR, The Prestige City, Indirapuram, has seen tremendous response, recording sales of over ₹8,300 crore and collections of around ₹1,500 crore in just a few months,” Razack added.

As of June 2025, the group had completed 307 projects covering 199 million square feet and currently has a development pipeline of 132 projects spanning approximately 200 million square feet.