Prestige Group is an Indian real estate development company headquartered in Bangalore, and since its founding in 1986, it has developed residential colonies and commercial spaces across Bangalore, Chennai, Kochi, Calicut, Hyderabad, Mumbai, Mangalore, Goa, and now Delhi-NCR. The move into Noida's Sector 62 represents a deliberate step within that northward arc — not the group's first in the region, but arguably its most urban-core placement yet.
After successfully stepping foot in Delhi NCR with a flagship project in Siddhartha Vihar, Ghaziabad, Prestige Group is set to expand in the region with a new project in Sector 62, Noida. The project is strategically located along National Highway 24. That address puts it at the intersection of two things Prestige buyers in other cities have come to expect: a professionally planned sector with strong employment anchors, and a transit corridor that makes the rest of NCR immediately accessible.
By the mid-1980s, the Razack family diversified into real estate amid Bangalore's emerging urban growth, formally founding Prestige Estates Projects Limited in 1986 under the leadership of Abdul Razack Sattar and his sons, with an initial seed capital of just 40,000 rupees. That origin story matters because it shaped the group's discipline: build within a city's growth wave, not ahead of it speculatively.
The company has completed more than 350 projects covering over 180 million sq. ft. and is actively developing 46 million sq. ft. across 35 new residential projects nationwide. Prestige Group is the only CRISIL DA1+ rated real estate developer in India, with a strong legacy spanning over three decades, and has pioneered various landmarks in South India with a portfolio that covers residential, commercial, retail, and hospitality projects.
Following its initial focus on residential developments, the group expanded into commercial real estate in the post-2000 era, with the launch of UB City in Bengaluru in 2007 serving as a pivotal entry point — a 1.6 million sq ft mixed-use complex developed in a joint venture with the UB Group, featuring luxury retail, offices, and hospitality spaces. Projects of that complexity, delivered in live urban markets, formed the operational muscle the group now brings to NCR.
In FY25, Prestige's sales bookings reached approximately ₹17,000 crore, with H1 FY26 sales at ₹18,144 crore as of September 2025. Expansion into western and northern India has broadened the group's footprint, with around 10 projects in Mumbai initiated since 2015, and entry into the Delhi-NCR region, where a pipeline of 35 projects encompasses 46 million square feet as of September 2025.
In May 2025, Prestige Group announced its entry into NCR with the launch of a new project, The Prestige City-Indirapuram, in Ghaziabad. This residential township provides 3, 4, and 5 BHK apartments starting from Rs 1.7 crore, with possession by 2028. That Ghaziabad project — on the Delhi-Meerut Expressway — was the group's test of NCR buyer appetite. The Sector 62 project follows directly from that footing, moving the brand deeper into Noida's established commercial and residential core.
Prestige Group and many developers from South India are striving to capitalise on Delhi-NCR's robust real estate market, where premium residential projects are quite in demand. For Prestige specifically, the calculus is straightforward: its brand recognition in South India rests on delivering structured, amenity-rich residential communities adjacent to major employment zones — exactly the profile that Sector 62 presents.
Sector 62 is the prominent employment hub in Noida and emerges as the preferred option for working professionals due to the wide range of opportunities in the IT and industrial sector. It features various MNCs like IBM, Samsung, TCS, Siemens, and Barclays Shared Services, alongside corporate parks like Galaxy Business Park, Stellar IT Park, Correnthum, and Logix Cyber Park.
Sector 62 is a planned sector in Noida situated along the Delhi-Meerut Expressway (NH-24) and provides lush green surroundings through a wide range of green belts and parks spread throughout the sector. It borders Indirapuram, Sector 63, and Khoda, and the neighbourhood offers an energetic, corporate vibe, with global IT hubs such as Samsung and TCS, as well as Fortis Hospital and Father Agnel School.
On transit, the sector is among the best-served in Noida. Noida Electronic City Metro Station on the Blue Line is the nearest metro station, approximately 1.2 km from Sector 62. Connectivity is seamless via the Noida Electronic City Metro Station on the Blue Line, and residents can reach Delhi Central in 35 minutes and IGI Airport in 60 minutes. The upcoming Faridabad-Noida-Ghaziabad (FNG) Expressway will establish further connections, making this region more appealing to potential homebuyers.
Social infrastructure within reach of Sector 62 is broad. The sector is home to educational institutions such as Symbiosis Law School and Symbiosis Center for Management Studies, alongside universities including the National Institute of Biologicals and J.S.S Academy of Technical Education, as well as schools like Karl Huber School, Indus Valley Public School, and Mohan International School. The sector sits within 4–8 km of Shipra Mall, Logix City Centre, and Mahagun Metro Mall, and has a well-established medical infrastructure anchored by Fortis Hospital and Krishna Multispeciality Hospital.
Property prices in Sector 62 currently average around ₹8,545 per sq ft, with five-year price growth of 58.86%. In 2026, rates average Rs. 10,800 per sq. ft. for 3 BHK apartments and premium CGHS flats. That appreciation trajectory reflects the sector's dual role as both an employment destination and a transit node — the same combination that Prestige has targeted repeatedly in Bangalore, Hyderabad, and Chennai.
While ample availability of residential apartments and self-sufficient infrastructure make Sector 62 an end-user's choice, the sector is also popular among investors, with growth drivers including high rental demand, smooth inter- and intra-city connectivity, presence of key corporate giants, social amenities, and metro connectivity via the Blue Line. Rental yields of 4–4.5% and high tenant demand make Sector 62 one of the top investment pockets in Noida.
Prestige Group's project in Sector 62 — tracked here as the Prestige Noida Residential Project — is the developer's latest commitment within NCR. After making a strong impact in Delhi-NCR with the launch of Prestige City in Siddhartha Vihar, Ghaziabad, Prestige Group is now set to make its mark in Noida, introducing a premium residential project in Sector 62 strategically located along National Highway 24.
The area is largely dominated by older residential buildings, and a new project will likely raise expectations among homebuyers seeking fresh real estate opportunities in the area. That gap between existing supply and buyer aspiration is precisely the market segment Prestige has historically occupied in other cities — not the first to a greenfield corridor, but the developer that resets the quality benchmark in an established zone.
Specific configuration, pricing, and RERA details for this project are forthcoming. Prestige's established NCR product in Ghaziabad spans 3, 4, and 5 BHK formats, which gives an indication of the scale the group considers appropriate for the NCR premium buyer. Buyers tracking this project should follow official announcements from Prestige Group directly as launch details are released.
The group is known for its strong financial credibility, maintaining consistent CRISIL DA1+ developer grading — the highest in India — and ICRA A+ credit ratings. For a buyer in Noida's Sector 62, where the existing residential stock skews toward CGHS societies built over past decades, that financial grading signals a meaningfully different risk profile — one tied to a publicly listed developer with audited delivery history.
Overall, Prestige operates across 13 cities in 9 states, with ongoing and under-development projects encompassing approximately 430 million square feet. That operating scale means supply-chain relationships, design standards, and construction oversight systems developed over hundreds of projects are applied to each new launch — including this one in Sector 62.
