Prateek Realtors

About Prateek Realtors

Prateek Group is a real estate development firm operating primarily in India's National Capital Region (NCR), with a significant presence in Noida and Ghaziabad. The company was established in 2005 by Prashant Tiwari, a first-generation entrepreneur and civil engineer. His professional background in civil engineering and over two decades of experience in construction have shaped the company's trajectory. The firm was founded with the objective of developing quality housing and making homeownership more accessible. Prateek Tiwari, son of the founder, is also a director and serves as Managing Director.

The company's business model is centered on the development and sale of residential and commercial properties. Its portfolio spans from affordable housing to luxury apartments and integrated townships. Revenue is generated through the sale of these properties to individual homebuyers and investors. The firm has also developed commercial retail ventures, branded as 'Quick Pick', within its residential project sites. Prateek Group has delivered approximately 15 million square feet of projects and served over 50,000 customers. A notable achievement includes the development of Prateek Grand City, a 40-acre integrated township in Siddharth Vihar, Ghaziabad, designed as a self-sufficient "city within a city" with amenities like schools and retail spaces. Other significant projects include Prateek Edifice, Prateek Laurel, and Prateek Wisteria in Noida.

The firm's projects cater to a wide range of clients, offering various configurations from 2BHK to 5BHK apartments. Developments often include a comprehensive set of amenities such as clubhouses, swimming pools, wellness centers with spa facilities, and various sports courts. The company's work has received industry recognition, including the NDTV Property Awards in 2015 for 'Luxury Project of the Year' (Prateek Edifice) and 'Affordable Housing of the Year' (Prateek Grand City). Despite its growth, financial reports from early 2024 indicated liquidity challenges for its entity, Prateek Realtors India Private Limited (PRIPL), which had defaulted on a Non-Convertible Debenture (NCD) repayment, relying on refinancing and receivables for its obligations.