Prestige Bets Big On Hyderabad With ₹9,500-Cr GDV Township Project

CW Bureau ·

Prestige Estates Projects Ltd has announced the launch of Prestige Golden Grove, one of its largest residential developments in Hyderabad, located in the fast-emerging residential hub of Tellapur. The project underlines the company’s continued focus on scaling its presence in high-growth urban markets.

Large-scale township development
Spread across 28.6 acres, Prestige Golden Grove is a sizeable residential community with a total saleable area of 10.36 million sq. ft. The development carries an estimated gross development value (GDV) of over ₹9,500 crore, positioning it among the largest housing projects in the city.

Diverse housing mix across price segments
The project comprises 5,120 units across configurations including 2, 3, 3.5, and 4-bedroom homes, along with select 4-bedroom residences featuring staff accommodation. Unit sizes range from 1,169 sq. ft. to 3,013 sq. ft., with indicative ticket sizes between ₹1 crore and ₹3 crore, catering to a wide spectrum of urban homebuyers.

Strategic location advantage
Tellapur continues to gain traction as a preferred residential destination, driven by its proximity to Hyderabad’s key IT corridors and improving social infrastructure. The development is designed to deliver a balanced lifestyle, combining contemporary design, open spaces, and a comprehensive suite of amenities.

Strengthening market presence
The launch further consolidates Prestige Group’s footprint in Hyderabad and aligns with its strategy of building a diversified residential portfolio across high-demand micro-markets.

Hyderabad is key market for company

Prestige Group CMD Irfan Razack said: “Hyderabad has been a key market for us where we have already established a strong position over the years. The city continues to demonstrate steady demand supported by infrastructure growth and a robust economic base. With Prestige Golden Grove, we are building on this momentum through Hyderabad’s largest development in Tellapur that aligns with the evolving aspirations of homebuyers. As always, our focus remains on disciplined execution and delivering quality developments over the lifecycle of the project.”

Legacy and development pipeline
With a legacy spanning nearly four decades, Prestige Group has built a diversified portfolio across residential, commercial, retail, hospitality, and integrated townships. As of December 2025, the Group has delivered 313 projects covering 206 million sq. ft., with an ongoing pipeline of 128 projects spanning 195 million sq. ft.