Prestige Estates Reports Strong Sales Momentum with ₹ 2,500 Crore Early Revenue from Hyderabad Launch
Bengaluru, April 21, 2026: Prestige Estates Projects Limited announced a robust market response to the launch of its residential project, Prestige Golden Grove, in Hyderabad. The achievement highlights sustained demand within the housing sector for thoughtfully designed, well-located developments.The launch, categorized as one of the largest single-phase developments in Hyderabad, generated significant consumer interest, registering over 4,000 customer footfalls. Prestige Estates reported achieving sales of more than 1,700 units within two weeks of the launch, translating to a total sales value exceeding ₹ 2,500 crore.
Prestige Golden Grove is a large-scale residential development situated in Tellapur, spread across approximately 29 acres. The project structure includes 10 towers and is designed to accommodate about 5,120 units. The total estimated gross development value (GDV) for the project stands at approximately ₹ 9,500 crore.
Key project metrics for Prestige Golden Grove include:
| Metric | Details |
|---|---|
| Location | Tellapur, Hyderabad |
| Total Area | ~29 acres |
| Number of Towers | 10 |
| Estimated Units | 5,120 |
| Total GDV | ~ ₹ 9,500 crore |
Commenting on the performance, Mr. Zayd Noaman, Executive Director of Prestige Group, stated, "We are pleased with the response to Prestige Golden Grove, which has been among our larger singlephase 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. Hyderabad continues to be an important market for us, supported by infrastructure growth and a strong employment ecosystem, and we remain focused on bringing the right products to market as we expand our presence across key urban centres."
The Prestige Group is recognized as a diversified real estate developer with a substantial legacy. As of December 2025, the Group had delivered 313 projects spanning 206 million sq ft. Furthermore, the Group maintains a development pipeline consisting of 128 projects across 195 million sq ft.
PRESTIGE Stock Price Movement
Shares of Prestige Estates Projects Limited are edging higher to ₹1399.9 as of 11:42 AM, having gained 1.90% in live trading. The stock has seen robust activity today, supported by a volume of 541,584 shares, while remaining well within its intraday range of ₹1374.1 to ₹1409.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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