Prestige Estates Share Price in Focus; Launches Golden Grove Township with 5,120 Units in Hyderabad

Prestige Estates Projects Limited has launched a residential township, Prestige Golden Grove, in Hyderabad, with an estimated gross development value (GDV) of over ₹9,500 crore, as per an exchange filing dated April 3, 2026.  

Project Scale 

The project will comprise 5,120 housing units, making it one of the larger residential developments in the city. Spread across 28.6 acres; the development has a total saleable area of about 10.36 million square feet.  

The scale indicates a high-density layout within a planned township format.  

Unit Mix and Pricing 

The project includes apartments in 2, 3, 3.5, and 4-bedroom configurations. A limited number of 4-bedroom units will include staff accommodation as part of the layout.  

Unit sizes range between 1,169 sq. ft. and 3,013 sq. ft. Pricing is indicated in the range of ₹1 crore to ₹3 crore, depending on size and configuration.  

The range of offerings suggests coverage across mid to upper-mid segments of the housing market. 

Location Details 

The township is located in Tellapur, which has seen increased residential activity due to its proximity to Hyderabad’s IT corridors. The area has developed as a residential cluster supported by road connectivity and social infrastructure.  

Demand in this micro-market has been linked to employment hubs in nearby technology districts, along with availability of schools and healthcare facilities. 

Development Structure 

The project is planned as an integrated residential community with a mix of built-up space and open areas. Amenities are included as part of the overall township design.  

The scale of the development shows a trend towards larger, self-contained residential projects in urban expansion zones. 

Portfolio Context 

The launch adds to the company’s existing portfolio in Hyderabad. As of December 2025, the group had completed 313 projects covering 206 million square feet, with an additional pipeline of 128 projects spanning 195 million square feet.  

Its developments span residential, commercial, retail, and hospitality segments across multiple cities. 

Read More: Rail Vikas Nigam Limited Share Price in Focus; Receives LOA Worth Over ₹242 Crore from South Central Railway! 

Prestige Estates Projects Share Price Performance 

As of April 6, 2026, 9:26 am, Prestige Estates Projects Limited share price was trading at ₹1,146.30, a 0.49% decrease from the previous closing price. 

Conclusion 

The project adds a significant volume of new housing supply in the Tellapur area, where residential development activity has been increasing in recent years. 

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