Prestige Launches Mayflower Phase 2 in Indirapuram, Ghaziabad
Bengaluru-based Prestige Estates Projects Ltd has rolled out the second phase of its Ghaziabad township, Mayflower, adding 620 fresh residential units to the market with an estimated gross development value (GDV) of around Rs 2,200 crore. Bengaluru-based Prestige Estates Projects Ltd has launched 620 residential units for sale in Ghaziabad, with an estimated gross development value (GDV) of ₹2,200 crore, spanning a developable area of 1.94 million square feet.
The launch builds on strong demand from Prestige's maiden NCR project. Earlier in April, the realty firm made its debut in the Delhi-NCR market with the launch of its 62.5-acre township, and in the initial phase, Oakwood and Mulberry together offered 3,421 units with an estimated sales potential of approximately Rs 9,000 crore, with the company having sold nearly all units in the first phase before introducing Mayflower. The scale of buyer response prompted the group to accelerate its second-phase rollout rather than wait longer between launches.
Company leadership has been vocal about the momentum this project has generated. Irfan Razack noted that the maiden NCR project has seen tremendous response, recording sales of over Rs 8,300 crore and collections of around Rs 1,500 crore in just a few months. This kind of absorption in a market Prestige entered for the first time underlines the pent-up demand for a trusted branded developer in Ghaziabad's Indirapuram corridor.
Mayflower itself is registered with UP-RERA under number UPRERAPRJ430385/07/2025. The project has a property size of 6.63 acres, offers 3 BHK and 4 BHK typologies, carries a construction status of under construction, and prices start at Rs 2.54 Cr onwards. The phase comprises 620 homes across residential towers, positioned as the most exclusive cluster within the larger township, with possession slated for November 2029 across multiple listings.
Location remains central to the pitch. The site is directly connected to NH-24 and the Delhi-Meerut Expressway, making its connection with Delhi, Noida, and Greater Noida seamless, with Mohan Nagar Link Road a few minutes away, Anand Vihar ISBT and Railway Station about 12 km away, and two Blue Line Metro Stations within 5.1 km. This connectivity backbone has been a key selling point since the township's April 2025 debut.
Zooming out to the full township, Prestige's ambitions for the site are substantial. Prestige Estates is targeting Rs 12,000 crore revenue from the 62.5-acre Ghaziabad township, having secured all approvals for the first phase, Oakwood and Mulberry, representing a GDV of over Rs 9,000 crore, with Mayflower's launch taking the total GDV of the entire residential development to Rs 12,000 crore. The NCR foray also comes alongside Prestige's existing commercial project at Delhi's Aerocity, deepening the group's presence in the capital region.
The Mayflower launch also arrives against the backdrop of a sales recovery for Prestige Group. Earlier in the fiscal, the company had reported sales bookings declining 19 per cent to Rs 17,023 crore, missing its annual guidance of Rs 24,000 crore, largely due to deferred launches amid approval delays. The NCR debut has since become a major growth lever, with the group's first-half FY26 sales bookings climbing sharply as new geographies came online.
Looking ahead, Prestige executives have signalled a shift in strategy for future NCR launches. Developers are expected to shift focus back to mid-segment homes priced between Rs 1.5 crore and Rs 3 crore in 2026, with Prestige planning a lot more launches in that bracket. The group is also looking to enter the Gurugram and Noida markets in NCR, aggressively pursuing options in Gurugram and hoping to be present in both Gurugram and Noida within the calendar year. For homebuyers evaluating Mayflower today, this points to a developer doubling down on the NCR corridor well beyond this single launch.
