Prestige Estates Secures Gurugram Land with ₹4,200 Crore GDV
Filing Summary
Prestige Estates Projects Limited has secured a 17.212-acre land parcel in Sector 92, Gurugram, under a Joint Development Agreement. The proposed development will have a saleable area of approximately 3 million square feet and an estimated Gross Development Value of ₹4,200 crore. This acquisition enhances Prestige’s presence in the National Capital Region. The project is strategically located near the Dwarka Expressway, benefiting from the area’s improving infrastructure and connectivity. Prestige Group continues its focus on expanding in key urban markets with a disciplined approach.
Prestige Estates Projects Limited has secured a prime land parcel in Sector 92, Gurugram. The acquisition was made through a Joint Development Agreement for a 17.212-acre site. The proposed development will feature a saleable area of approximately 3 million square feet. The estimated Gross Development Value (GDV) of the project is around ₹4,200 crore.
The land is strategically located in close proximity to the Dwarka Expressway. This location is expected to benefit from improving infrastructure and enhanced connectivity to key business districts. The development is planned as a modern residential community, aligning with Prestige Group’s focus on quality and execution.
This project is part of Prestige Group’s strategy to enhance its residential portfolio in the National Capital Region. The company aims to expand across key urban markets with a calibrated and execution-led approach. The development reflects Prestige’s continued focus on disciplined execution and timely delivery.
Commenting on the development, Mr. Irfan Razack, Chairman and Managing Director of Prestige Group, highlighted the alignment of this acquisition with the company’s broader strategy of strengthening its presence in key markets such as the NCR. The region continues to see steady demand, and Prestige remains focused on locations with improving infrastructure.
On behalf of the landowners, M/s Sare Gurugram Private Limited, Mr. Ajay Munot, Founder of Eka Life, expressed confidence in Prestige Group’s ability to execute the project. The partnership is seen as a compelling development opportunity that aligns well with the potential of the location.
Prestige Group is a diversified real estate developer with a legacy of nearly four decades. The company has a portfolio spanning residential, commercial, retail, hospitality, and integrated townships across major cities. As of December 2025, Prestige has delivered 313 projects and has a pipeline of 128 projects. The company focuses on expanding its presence in key urban markets with a disciplined approach to execution.