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.
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.
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.
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.
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.
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.
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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.
The project adds a significant volume of new housing supply in the Tellapur area, where residential development activity has been increasing in recent years.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 6, 2026, 10:40 AM IST
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