Prestige Estates Launches ₹9,500 Crore Township in Hyderabad
Prestige Estates launches township in Hyderabad, GDV pegged at ₹9,500 cr
Business Standard
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Prestige Estates Projects Limited has launched Prestige Golden Grove, a large residential township in Tellapur, Hyderabad, with a gross development value of ₹9,500 crore. The project spans 28.6 acres and will feature 5,120 residential units, catering to the city's growing housing demand driven by infrastructure and economic growth.
- 01The project has an estimated gross development value of ₹9,500 crore.
- 02Prestige Golden Grove will cover 28.6 acres and offer 5,120 residential units.
- 03Unit sizes will range from 1,169 to 3,013 square feet, with prices between ₹1 to ₹3 crore.
- 04The development aims to meet rising housing demand in Hyderabad.
- 05Prestige Estates is focusing on disciplined execution and quality developments.
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Prestige Estates Projects Limited has officially launched Prestige Golden Grove, a significant residential township located in Tellapur, Hyderabad, with a gross development value (GDV) of approximately ₹9,500 crore. The project encompasses 28.6 acres and will provide around 10.36 million square feet of saleable area, featuring 5,120 residential units. The township will offer a variety of apartment configurations, including 2, 3, 3.5, and 4-bedroom options, with unit sizes ranging from 1,169 square feet to 3,013 square feet. Prices for these units are expected to fall between ₹1 crore and ₹3 crore. Irfan Razack, Chairman and Managing Director of Prestige Group, emphasized Hyderabad's importance as a key market, noting the city's strong demand driven by infrastructure development and economic growth. The project aims to enhance community living with ample open spaces and lifestyle amenities, reinforcing Prestige Estates' strategy to expand in high-growth urban areas.
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The launch of Prestige Golden Grove is expected to significantly contribute to the local housing market, providing new residential options for homebuyers in Hyderabad.
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