BSECompany Update2d ago · 3 Sept 2026, 11:13 am

Press Release titled - Prestige Group Expands NCR Presence with Rs. 5,600 Crore Residential Development in Gurgaon

Prestige Estates Projects Ltd · 533274

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Prestige Estates Projects Ltd has announced the expansion of its presence in the National Capital Region (NCR) with a new residential development in Gurgaon, valued at ₹5,600 crore.

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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10

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Prestige Estates Projects Ltd - 533274 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

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Date: September 3, 2026 The General Manager The Manager Dept. of Corporate Services Dept. of Corporate Services National Stock Exchange of India Limited BSE Limited Bandra Kurla Complex, Bandra (E) Floor 25, P J Towers Mumbai – 400 051 Dalal Street, Mumbai – 400 001 NSE Symbol: PRESTIGE BSE Scrip code: 533274 Dear Sir / Madam, Sub: Press Release titled “Prestige Group Expands NCR Presence with ₹5,600 Crore Residential Development in Gurgaon” Please find enclosed, a copy of the Press Release titled “Prestige Group Expands NCR Presence with ₹5,600 Crore Residential Development in Gurgaon”. This is for your information and records. Yours faithfully, For Prestige Estates Projects Limited Manoj Krishna J V Company Secretary & Compliance Officer Enclosed: As above Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone: +91 80 25591080 E-mail: investors@prestigeconstructions.com Website: www.prestigeconstructions.com CIN: L07010KA1997PLC022322 Prestige Group Expands NCR Presence with ₹5,600 Crore Residential Development in Gurgaon Bengaluru, September 3, 2026: Prestige Group, one of India’s leading real estate developers, has added a 17.14-acre land parcel in Sector 109, Gurgaon to its residential development portfolio. Located in one of Gurgaon’s prime residential sectors, the land parcel enjoys excellent connectivity to the Dwarka Expressway, providing seamless connectivity to key residential, commercial and social infrastructure destinations across Gurgaon and Delhi. The project will have a saleable area of approximately 2.8 million sq. ft., with an estimated Gross Development Value (GDV) of approximately ₹5,600 crore. This acquisition further strengthens Prestige Group’s presence in the National Capital Region and adds significant scale to its residential pipeline in the north. The strategic location, coupled with the region’s robust residential demand and ongoing infrastructure development, makes this an important addition to the Group’s NCR portfolio. Commenting on the development, Mr. Irfan Razack, Chairman & Managing Director, Prestige Group, said: “Our entry into the NCR residential market last year marked an important milestone in our growth journey, and the response we have received from the market has been extremely encouraging. With a strong portfolio of developments planned across NCR in FY27, we are steadily building scale and depth in the region. This new project in Sector 109, Gurgaon, further strengthens our pipeline and reflects our confidence in the long- term potential of NCR. We believe the region will play an increasingly important role in our growth and emerge as a significant contributor to our sales trajectory going forward.” About Prestige Group Prestige Group is one of India's leading and most diversified real estate developers, with a legacy spanning four decades and a portfolio that includes residential, commercial, retail, hospitality, and integrated township projects across major cities. As of June 2026, the Group has delivered 319 projects spanning 216 million sq. ft. and currently has a pipeline of 137 projects across 229 million sq. ft. Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone: +91 80 25591080 E-mail: investors@prestigeconstructions.com Website: www.prestigeconstructions.com CIN: L07010KA1997PLC022322