Prestige Mulberry Indirapuram Extension Ghaziabad

About Prestige Mulberry Indirapuram Extension Ghaziabad

Mulberry at The Prestige City is a newly launched high-rise residential phase within Prestige Group's first NCR township. In March 2024, Prestige Estates Projects acquired 62.5 acres at Siddharth Vihar, Indirapuram Extension, Ghaziabad to develop the township project 'Prestige City'. Mulberry is part of a larger township spread along the Delhi-Meerut Expressway (NH-24), with around 1,719 apartments while the combined Prestige City (including Oakwood) offers between 3,421 to 4,000 units. The project houses around 4,000 units across 23 majestic towers, each soaring G+41 to G+50 floors. The theme is large-format integrated township living — Prestige's signature 'The Prestige City' format extended to NCR for the first time.

Key Highlights

• 62.5-acre integrated township with towers ranging from Ground + 41 floors up to Ground + 50 floors
• RERA-registered (UPRERAPRJ470993/04/2025) with declared completion date of 27-11-2029
• Each floor usually has 4 apartments, and the project was launched in April–May 2025
• Construction by L&T — direct access from Delhi-Meerut Expressway
• More than 75% of the total area is kept open and green
• 10 million square feet of residential space with retail and education components
• Joint venture: Prestige Projects Pvt. Ltd. with SGS Construction & Developers Private Limited
• Includes duplex and penthouse units going up to 6,026 sq.ft.

Location Advantages

Mulberry sits in Siddharth Vihar, the eastern shoulder of Indirapuram, with excellent road connectivity via NH-24 (Delhi-Meerut Expressway) to both Delhi and Noida, close to Noida Sector 62 and Sector 63 — major job hubs . Excellent access to NH-24, with proximity to major hubs like Indirapuram, Sector-62, and Shipra, plus Santosh Medical College nearby. The Delhi-Meerut Expressway has cut peak-hour Delhi runs to roughly 35-45 minutes against earlier 90+ minute crawls.

Honest concerns: Siddharth Vihar is still a developing micro-market — daily-needs retail is patchy compared to mature Indirapuram, and several adjacent plots remain under construction, meaning dust, debris-truck movement and incomplete sidewalks for the next 3-4 years. The nearest operational metro (Shaheed Sthal) is around 5-6 km away, which means residents will rely on private vehicles or cabs for metro access until the proposed extensions come up.

What's Nearby — Schools, Hospitals, Malls

Amenities

Fitness & Sports: Multi-level clubhouse with fully equipped gym, jogging and cycling tracks, multipurpose courts for badminton, basketball, tennis, cricket ground and a yoga deck.

Water: Multiple swimming pools including a kids' pool and Jacuzzi, plus rainwater harvesting and STP-treated water for landscaping.

Kids: Dedicated children's play areas, indoor game zones, and crèche space; play zones planned across multiple pockets so families across all 23 towers have one nearby.

Social: Banquet hall, party lawn, resident lounge, on-site convenience store, and an 8-lakh-sqft retail complex within the master township.

Security: Three-tier gated entry, CCTV surveillance, boom barriers, video door phones, biometric access at lobbies, and 24×7 trained security with patrolling.

Price & Configuration

Pricing is at the township-launch stage. The Prestige City Siddharth Vihar starting price is ₹12,000 per sq ft. The 2BHK apartments begin at ₹1.6 Cr onwards, 3BHK configurations range from ₹2.0 Cr to ₹3.05 Cr, and the 4BHK and larger residences extend up to ₹8.30 Cr.

Payment plan: Construction-linked payment plan that allows buyers to pay in small stages as the construction progresses . Pre-launch buyer offers and early-bird discounts are being circulated through Prestige's direct sales channel.

Construction Progress

RERA registration was completed on 28-04-2025 with proposed start date 01-04-2025 and declared completion 27-11-2029 — a 56-month build window. Site enabling works (excavation, soil testing, perimeter wall) are underway across the 62.5-acre parcel. Construction is being executed by L&T , which lends credibility to the timeline given L&T's track record on Prestige's Bengaluru high-rises. Tower-level vertical construction is yet to begin as of the latest visible site updates; structural works on initial Mulberry blocks are expected to start in 2026.

Investment Analysis

• Current pricing vs locality: Apartment prices in Siddharth Vihar usually range from ₹7,950 to ₹10,400 per square foot, with an average of about ₹9,400 per square foot — Mulberry at ₹12,000/sqft sits at a 25-30% premium over the locality average, justified by the brand and L&T construction.
• Appreciation: During Q4'2025, average property prices for The Prestige City moved from ₹11,550/sqft to ₹12,550/sqft, reflecting an 8.66% rise — strong early traction post-launch. The area has seen significant appreciation in property values over the past year — approximately 19.74% .
• Expected rental yield (post-possession): Rental apartments will be available from Rs. 28,000 for a 2 BHK apartment — translating to approximately 1.8-2.2% gross yield, in line with NCR luxury norms.
• Competing projects in same budget: Migsun Atharva (Raj Nagar Extension, ~₹7,500/sqft), ATS Pious Hideaways (₹11,000/sqft), Apex Splendour (Crossings Republik, ~₹8,500/sqft) — Mulberry commands a premium but offers a much larger format and brand backing none of these match.
• Resale demand: Strong investor interest in early phases; brand pull and L&T-built tag historically support 6-12 month resale liquidity at Prestige's Bengaluru/Mumbai projects.

Pros and Cons

PROS:

• RERA-registered with clear completion timeline (Nov 2029) and execution by L&T — two factors that materially de-risk delivery.
• 62.5-acre integrated township scale — gives proper master-planned amenities (clubhouses, retail, schools) that smaller 2-3 acre projects in Indirapuram cannot offer.
• Direct NH-24 / Delhi-Meerut Expressway access cuts Delhi and Noida commute substantially.
• Prestige's first NCR project — developer has strong incentive to deliver flagship quality.
• Healthy social infrastructure already in place (DPS, Yashoda, Shipra Mall, Indirapuram Habitat Centre all under 6 km).

CONS:

• Pricing at ~₹12,000/sqft is a 25-30% premium to the Siddharth Vihar locality average — buyers are paying brand premium up front, not picking up undervalued land.
• Possession is November 2029 — that's a 4+ year wait with construction-linked payments, exposing buyers to interest-rate and life-event risk.
• Nearest metro (Shaheed Sthal) is ~5.8 km — not walkable, dependent on cab/auto until proposed extensions are funded.
• Prestige's NCR execution track record is unproven — every previous Prestige City delivery is in Bengaluru, Hyderabad or Mumbai. NCR labour/regulatory dynamics are different.
• Surrounding plots are under heavy construction; expect dust, noise and incomplete public infrastructure for the first few years post possession.

Who Should Buy This

Ideal for: End-user families upgrading from Indirapuram/Vaishali/Vasundhara who want a branded high-rise without leaving the corridor. IT professionals working in Sector 62/63 Noida who need <30-min commute. Long-horizon investors (5+ year hold) betting on Prestige's brand pull and NCR price catch-up. NRIs seeking a recognised pan-India developer name in NCR.

Not ideal for: Buyers needing immediate possession or rental income — possession is 4+ years away. Value-hunters chasing the lowest ₹/sqft in Siddharth Vihar — several adjacent projects sit at ₹8,000-9,500. Investors expecting metro-walkability premium.

FAQ — Frequently Asked Questions

Q: Is Prestige Mulberry Indirapuram Extension Ghaziabad RERA registered?

A: Yes. The RERA registration number is UPRERAPRJ470993/04/2025, registered on 28-04-2025 with UP-RERA . The Oakwood phase is separately registered under UPRERAPRJ986134.

Q: What is the possession date of Prestige Mulberry?

A: The declared date of completion as per the UP-RERA filing is 27-11-2029 , giving a 56-month build window from the April 2025 start.

Q: What is the price range of Prestige Mulberry?

A: Starting prices are at Rs 12,000 per sq ft. 2BHK apartments begin at ₹1.6 Cr, 3BHK configurations range from ₹2.0 Cr to ₹3.05 Cr, and 4BHK residences extend up to ₹8.30 Cr.

Q: Is Prestige Group a reliable builder for an NCR investment?

A: The Prestige Group has completed 300 projects spanning a developable area of 190 million square feet as of June 2024. Track record is excellent in Bengaluru, Hyderabad and Mumbai — but Mulberry is their first NCR launch, so execution here is unproven. The L&T construction partnership is a strong positive.

Q: What is the nearest metro station to Prestige Mulberry?

A: Shaheed Sthal (New Bus Adda) is the closest metro station, approximately 5.8 km away — about 15 minutes by car. There is no walkable metro option from the project.

Q: Is Prestige Mulberry good for investment?

A: For 5+ year horizons, yes — prices have already moved from ₹11,550/sqft to ₹12,550/sqft (8.66% rise) in Q4 2025 , signalling strong early demand. Short-term flippers should be cautious given the 4-year possession horizon and current premium to locality averages.

Q: What apartment configurations are available?

A: 2 BHK of 1,301 sq.ft., 3 BHK of 1,681 sq.ft. and 2,262 sq.ft., and 4 BHK ranging from 2,490 sq.ft. to 3,625 sq.ft. , plus duplex/penthouse units up to 6,026 sq.ft.

Q: Who is constructing Prestige Mulberry?

A: Construction is being executed by L&T (Larsen & Toubro) , India's most reputed engineering and construction firm — a meaningful quality and timeline assurance.

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