Prestige Estates Projects Limited Launches Prestige Golden Grove in Hyderabad
Listed real estate developer Prestige Estates Projects Limited has launched a 29-acre township called Prestige Golden Grove in Hyderabad’s Tellapur, the company said.
Project Details:
- Apartment sizes will range from 1,169 sq ft to 3,013 sq ft
- Ticket sizes starting at around ₹1 crore and going up to ₹3 crore
- Total saleable area of around 10.36 million sq ft
- Estimated gross development value (GDV) of over ₹9,500 crore
- 5,120 units in total
Project Features:
- Offering a mix of 2, 3, 3.5 and 4-bedroom apartments
- Select 4BHK units with staff accommodation available
- Strategically located in Tellapur, close to Hyderabad’s key IT corridors
- Well-developed social infrastructure
Comment from Irfan Razack:
Irfan Razack, chairman and managing director, commented on the launch, saying:
"Hyderabad has been a key market for us where we have already established a strong position over the years. The city continues to demonstrate steady demand supported by infrastructure growth and a robust economic base."
Prestige Group’s Future Plans:
- Targeting ₹50,000 crore in home sales by FY29-30
- Nearly tripling last year’s ₹17,000 crore
- Planning to achieve this goal through disciplined execution and delivering quality developments
Prestige Group’s Expansion Plans:
- Active in 13 cities currently
- Eying new markets in Pune, Gurugram, and Noida
- Focusing on the ₹2–3 crore segment, capturing the bulk of genuine housing demand
- Pursuing marquee projects in premium locations
New Development in Gurugram:
The company has secured a land parcel in Sector 92, Gurugram, through a Joint Development Agreement (JDA) for a 17.212-acre land parcel.
About Prestige Group:
Prestige Group is a listed real estate developer with a presence across 13 cities, and is now eyeing new markets.