Prestige Estates Projects Ltd has announced the development of a significant housing project in Hyderabad, named 'Prestige Golden Grove.' This ambitious initiative, which spans approximately 29 acres, is projected to generate over Rs 9,500 crore in revenue. The company’s decision to expand its footprint in Hyderabad aligns with its strategic growth plan, as the city has become increasingly vital to its operations. The project will consist of 5,120 residential units, catering to a diverse demographic of homebuyers.
The 'Prestige Golden Grove' project will encompass a total saleable area of 10.36 million square feet. This expansive development is designed to meet the growing demand for quality housing in Hyderabad, a city renowned for its robust economic base and continuous infrastructure enhancements. The price points for these units will range from Rs 1 crore to Rs 3 crore, making them accessible to a wide array of prospective buyers. The project is expected to attract significant interest, given the strong market fundamentals in the region.
Irfan Razack, the Chairman and Managing Director of Prestige Group, expressed confidence in Hyderabad's real estate market, noting the company's established presence in the city over the years. He emphasized that the region continues to exhibit stable demand, driven by ongoing urban development and economic progress. Razack reaffirmed Prestige Group's commitment to disciplined execution and quality in its developments, key factors that have contributed to its success in the competitive real estate landscape.
Prestige Group is recognized as one of India's leading real estate developers, with a proven track record in delivering high-quality projects. As of December 2025, the company has completed 313 projects covering a total area of 206 million square feet. Furthermore, Prestige Group currently has a robust pipeline of 128 projects, spanning 195 million square feet, indicating its strong growth trajectory in the real estate sector. The launch of 'Prestige Golden Grove' marks another significant milestone in the company’s expansion strategy, reinforcing its commitment to meeting the housing needs of a growing urban population in Hyderabad.