Prestige Group Acquires Land in Gurgaon for ₹5,600 Crore Residential Project
Prestige Group acquired a 17.14-acre land parcel in Gurgaon for a residential development with an estimated Gross Development Value (GDV) of ₹5,600 crore. The project will have a saleable area of approximately 2.8 million sq. ft. The company sees significant potential in the NCR region for future growth.
The announcement concerns a substantial acquisition and development project in a key growth region (NCR) with a significant GDV, indicating a material impact on the company's future revenue and market presence.
The acquisition of a large land parcel for a significant project and the positive commentary from the CMD indicate a favorable outlook for the company's expansion in the NCR region.
Prestige Group has expanded its presence in the National Capital Region (NCR) by acquiring a 17.14-acre land parcel in Sector 109, Gurgaon. The project is estimated to have a Gross Development Value (GDV) of approximately ₹5,600 crore and will feature a saleable area of about 2.8 million sq. ft. The location offers excellent connectivity to the Dwarka Expressway, linking it to key residential, commercial, and social hubs in Gurgaon and Delhi.
This acquisition marks a significant addition to Prestige Group's residential pipeline in the northern region. Mr. Irfan Razack, Chairman & Managing Director of Prestige Group, expressed confidence in the NCR market, highlighting the encouraging response received since their entry last year. He believes the region will play an increasingly vital role in the company's growth and become a substantial contributor to future sales trajectories.
Prestige Group, with a legacy of four decades, has a diversified portfolio across residential, commercial, retail, hospitality, and integrated townships. As of June 2026, the Group has completed 319 projects covering 216 million sq. ft. and has a current pipeline of 137 projects totaling 229 million sq. ft.
A plain-language summary of a public exchange filing by Prestige Estates Projects Limited. Read the original for the full detail.