Prestige Estates Launches 5,120-Unit Township ‘Prestige Golden Grove’ in Hyderabad with GDV of Rs 9,500 Crore

On Thursday, shares of Prestige Estates Projects Ltd fell 0.62 per cent to Rs 1,152 per share from its previous closing of Rs 1,144.9 per share. The stock’s 52-week high is Rs 1,814 per share and its 52-week low is Rs 1,048.05 per share. The stock surged around 1.20 per cent to its Intraday high of Rs 1,158.6.

Hyderabad, April 3, 2026: Prestige Estates Projects Ltd has announced the launch of Prestige Golden Grove, one of the largest residential developments in Hyderabad, located in the rapidly emerging residential hub of Tellapur.

Spread across 28.6 acres, Prestige Golden Grove is a large-scale residential community with a total saleable area of approximately 10.36 million square feet and an estimated Gross Development Value (GDV) of over Rs 9,500 crore. The project comprises 5,120 units, offering 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 Rs 1 crore and Rs 3 crore, catering to a broad spectrum of homebuyers.

Strategically located, Tellapur has emerged as a preferred residential destination due 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.

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

Commenting on the launch, Mr. Irfan Razack, Chairman and Managing Director, Prestige Group, said that Hyderabad remains a key market supported by strong infrastructure growth and a robust economic base. He added that the project aligns with evolving homebuyer aspirations while maintaining focus on disciplined execution and quality delivery.

Prestige Group is one of India’s diversified Real Estate developers with a legacy of nearly four decades. As of December 2025, the Group has delivered 313 projects spanning 206 million sq. ft. and has a pipeline of 128 projects across 195 million sq. ft.

The company has a market cap of over Rs 300 crore. The stock price has surged over 179.70 per cent in the last 3 years. The stock has delivered around 9.92 per cent returns from its 52-week low of Rs 1,048.05 per share.

Disclaimer: The article is for informational purposes only and not investment advice.