Prestige Estates Launches 'Prestige Golden Grove' in Hyderabad with GDV ₹9,500 Cr
Prestige Estates has launched 'Prestige Golden Grove', a 5,120-unit township in Hyderabad with an estimated GDV of ₹9,500 crore. The project spans 28.6 acres and offers homes ranging from ₹1 crore to ₹3 crore. This launch strengthens the company's presence in the Hyderabad market.
The launch of a major township with a GDV of ₹9,500 crore represents a substantial new development for Prestige Estates, significantly impacting its revenue and market presence.
The launch of a large-scale project with a significant GDV is a positive development for the company, indicating business expansion and market confidence.
Prestige Estates Projects Limited has announced the launch of 'Prestige Golden Grove', a significant residential development in Hyderabad, located in Tellapur. This large-scale project spans 28.6 acres and features 5,120 units, offering a mix of 2, 3, 3.5, and 4-bedroom homes. The total saleable area is approximately 10.36 million square feet, with an estimated Gross Development Value (GDV) exceeding ₹9,500 crore.
The residences will range in size from 1,169 sq. ft. to 3,013 sq. ft., with ticket sizes estimated between ₹1 crore and ₹3 crore. The project is strategically situated in Tellapur, a rapidly developing residential hub known for its proximity to IT corridors and social infrastructure.
Mr. Irfan Razack, Chairman and Managing Director of Prestige Group, stated that Hyderabad remains a key market with steady demand. He highlighted that 'Prestige Golden Grove' aims to meet the evolving aspirations of homebuyers, with a continued focus on disciplined execution and quality delivery.
As of December 2025, Prestige Group has delivered 313 projects covering 206 million square feet and has a pipeline of 128 projects across 195 million square feet.
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Prestige Estates Projects Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Prestige Estates Projects Limited. Read the original for the full detail.