Hyderabad real estate: Prestige Group launches ₹9,500 crore township, homes priced between ₹1-3 cr

Prestige Group said the project will comprise 5,120 units with a total saleable area of around 10.36 million sq ft

Updated on: Apr 5, 2026, 09:03:14 IST

By Souptik Datta

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Listed real estate developer Prestige Estates Projects Limited has launched a 29-acre township called Prestige Golden Grove in Hyderabad’s Tellapur, the company said. Apartment sizes will range from 1,169 sq ft to 3,013 sq ft, with ticket sizes starting at around ₹1 crore and going up to ₹3 crore.

Listed real estate developer Prestige Estates has launched a 29-acre township, Prestige Golden Grove, in Hyderabad’s Tellapur. (Picture for representational purposes only) (Pexels )

The project will comprise 5,120 units with a total saleable area of around 10.36 million sq ft and an estimated gross development value (GDV) of over ₹9,500 crore, it said.

The development will offer a mix of 2, 3, 3.5 and 4-bedroom apartments, including select 4BHK units with staff accommodation, the company said.

Also Read: Prestige Group launches premium housing project in Bengaluru, homes starting from ₹92 lakh

“Strategically located, Tellapur has emerged as a preferred residential destination owing to its proximity to Hyderabad’s key IT corridors and well-developed social infrastructure. Prestige Golden Grove is designed to offer a balanced lifestyle, combining modern design, open spaces, and a comprehensive suite of amenities aimed at enhancing everyday living,” the company said.

Commenting on the launch, Irfan Razack, chairman and managing director, said the city continues to be a strategic focus for the company.

“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,” he said.

Also Read: Bengaluru: Prestige Groups signs ₹115 crore agreement with BMRCL for co-branding rights of Bellandur Metro station

“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,” he said. cr

Currently, the Group plans to achieve ₹50,000 crore in home sales by FY29-30, nearly tripling last year’s ₹17,000 crore, Zayd Noaman, Executive Director, CMD’s office, Prestige Group, earlier told Hindustan Times Real Estate.

With a presence across 13 cities, Prestige Group is now eyeing new markets. “We’re actively exploring Pune, Gurugram, and Noida, cities where we have not yet launched residential projects but see significant growth potential,” Noaman had said.

He said that the company’s focus will be on the ₹2–3 crore segment, which captures the bulk of genuine housing demand, while also pursuing marquee projects in premium locations. The company, in a regulatory filing on April 1, said that it has secured a land parcel in Sector 92, Gurugram. "The company has entered into a Joint Development Agreement (JDA) for a 17.212-acre land parcel," it said.

According to the company, this development is expected to further enhance Prestige Group’s residential portfolio in NCR and reflects its continued focus on expanding across key urban markets through a calibrated, execution-led approach.

ABOUT THE AUTHOR
Souptik Datta
Souptik Datta is a deputy chief content producer at Hindustan Times Digital, where he reports on southern India with a focus on real estate, urban infrastructure and environmental urban issues. His coverage tracks the intersection of policy, capital flows, regulation and sustainability, examining how these forces shape housing markets, commercial real estate and large-scale infrastructure development across rapidly transforming cities. He also closely tracks civic issues affecting urban residents, including property taxation, planning approvals, public transport expansion, water stress, waste management and the governance challenges that influence everyday life in India’s metros. Souptik’s reporting is driven by a strong interest in accountability, consumer rights and the lived realities of homebuyers and investors navigating volatile pricing cycles, regulatory changes and project delivery risks. He frequently analyses project launches, land monetisation strategies, planning frameworks, RERA-related developments and the broader implications of infrastructure investments on emerging growth corridors. His work blends on-ground reporting with data-backed analysis and long-form explainers aimed at demystifying complex real estate and infrastructure developments for readers. He is an alumnus of the Indian Institute of Journalism and New Media. Before joining Hindustan Times Digital, Souptik was associated with Moneycontrol at Network 18, where he covered real estate, infrastructure and allied sectors, producing market insights, policy-led stories and in-depth features. Outside the newsroom, Souptik is an avid solo traveller and documentary enthusiast, exploring diverse regions and visually documenting unique narratives through film and photography. In his early career, Souptik also freelanced as a documentary photographer, independently working on visual storytelling projects that captured grassroots narratives, urban change and everyday life. He can be reached at souptik.datta@htdigital.in.Read More

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