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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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