Prestige Estates Launches Mega 5,120-Unit Township 'Prestige Golden Grove' in Hyderabad with GDV of ₹9,500 Cr

Prestige Estates Projects Limited today announced the launch of Prestige Golden Grove, one of the largest residential developments in Hyderabad, located in a rapidly emerging residential hub Tellapur.

Spread across 28.6 acres, Prestige Golden Grove is a large-scale residential community with a total saleable area of ~10.36 million square feet and an estimated Gross Development Value (GDV) of over ₹9,500 crore. The project comprises 5,120 units, offering a wide range of configurations including 2, 3, 3.5, and 4-bedroom homes, along with 4-bedroom residences with staff accommodation.

The residences range in size from 1,169 sq. ft. to 3,013 sq. ft., with ticket sizes ranging between ₹1 crore and ₹3 crore approximately, catering to a broad spectrum of homebuyers.

Strategically located, Tellapur has emerged as a preferred residential destination owing to its proximity to Hyderabad's key IT corridors and well-developed social infrastructure. Prestige Golden Grove is designed to offer a balanced lifestyle, combining modern design, open spaces, and a comprehensive suite of amenities aimed at enhancing everyday living.

The launch of Prestige Golden Grove further strengthens the company's presence in Hyderabad and aligns with its strategy of expanding across high-growth urban markets with a diversified portfolio of residential developments.

Commenting on the launch, Mr. Irfan Razack, Chairman and Managing Director, Prestige Group, said: "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.

With Prestige Golden Grove, we are building on this momentum through Hyderabad's largest development in Tellapur that aligns with the evolving aspirations of homebuyers. As always, our focus remains on disciplined execution and delivering quality developments over the lifecycle of the project."

Shares of Prestige Estates Projects Limited was last trading in BSE at Rs. 1152.70 as compared to the previous close of Rs. 1145.00. The total number of shares traded during the day was 2298157 in over 3264 trades.

The stock hit an intraday high of Rs. 1159.70 and intraday low of 1090.45. The net turnover during the day was Rs. 2603206281.00.

Source : Equity Bulls

Keywords

PrestigeEstatesProjects INE811K01011 Realty PrestigeGoldenGrove Hyderabad Tellapur