Prestige Estates Sells Over 1,700 Housing Units in Hyderabad, Clocks ₹2,500 Crore in Sales

Hyderabad, April 21: The project also saw over 4,000 customer footfalls , one of the highest for a housing launch in the city.

Project Details

• Project name: Prestige Golden Grove

• Location: Tellapur, Hyderabad

• Land area: ~29 acres

• Total units: ~5,120 units across 10 towers

• Estimated GDV: ~₹9,500 crore

Management Statement

Zayd Noaman, Executive Director of Prestige Group, said: "We are pleased with the response to Prestige Golden Grove, which has been among our larger single-phase launches. The strong footfalls and early sales traction reflect the depth of demand for well-located, well-planned residential communities at the right price points."

Company Performance (FY26)

• Sales bookings: ₹30,024.5 crore (76% increase YoY)

• Units sold: 11,692 units

• Projects delivered: 313 projects (206 million sq ft)

• Pipeline: 128 projects (195 million sq ft)

Future Targets

• Home sales target (FY29-30): ₹50,000 crore (nearly tripling last year's ₹17,000 crore)

• Focus segment: ₹2–3 crore (bulk of genuine housing demand)

• New markets exploring: Pune, Gurugram, Noida

Recent Acquisition

On April 1, Prestige secured a 17.212-acre land parcel in Sector 92, Gurugram through a Joint Development Agreement.