Prestige Estates Gurgaon : Prestige Estates partners for a housing project in Gurugram, eyes ₹4,200 crore revenue
Prestige Estates Gurgaon : Prestige Estates partners for a housing project in Gurugram, eyes ₹4,200 crore revenue
Prestige Estates Projects Ltd is a Bengaluru- based, listed real estate developer which has partnered with a landowner to develop a 17-acre housing project in Gurugram with a potential to generate an estimated revenue of 4200 crore.
In a regulatory filing on April 1, the company has indicated that it has acquired a piece of land in Sector 92, Gurugram. It said it has signed a Joint Development Agreement (JDA) on a 17.212-acre piece of land.
The project will be strategically located in Sector 92, Gurugram, adjacent to the Dwarka Expressway and therefore will be in good use of the fact that the area is improving its infrastructure, has better access to the major business districts, and has a rising residential demand, according to the company.
This entry in Gurugram is part of our overall plan of intensifying our presence in major markets like NCR. Although the region is still experiencing a stable demand, we are cautious in our strategy and are targeting areas that have strengthening infrastructure and long-term prospects. As usual, we are committed to professional performance and delivery on time, which is still valued by our customers and partners, as Irfan Razack, the Chairman and Managing Director, Prestige Group, remarked.
The company claims that this will add to the residential portfolio of Prestige Group in NCR, and this indicates that the company is still committed to growth in major urban areas with a balance between execution and an execution-based strategy.
This is a strategic land site and it is a good development opportunity and we are looking forward to working with Prestige Group. We believe they are capable of performing and their planning and development strategy matches the prospects of this position. This project, we believe, will have a meaningful impact on the micro-market and will bring long-term value to all stakeholders, and in this regard, we can refer to the landowners, Sare Gurugram Private Limited (JV of Eka-KGK-Dhoot).
By April 2026, Prestige Estates had already secured a significant portion of the Gurugram real estate market, and it announced a large 17.2-acre luxury housing development in Sector 92 with a revenue potential of 4200 crores. This project is planned to be developed through a Joint Development Agreement, with about 3 million sq. ft. of residential space, which will be the first project of this developer in the NCR market.
Major Facts of Prestige Estates in Gurugram (As of April 2026):
Location: Sector 92, Gurgaon (near Dwarka Expressway).
Size: It measures about 17.212 acres (about 3 million sq. ft. saleable area).
Partnership: Joint Development Agreement (JDA) with Sare Gurugram Pvt Ltd.
Project Type: It is a high-end residential development that is likely to comprise of contemporary high-rise apartments and facilities.
Estimated Potential: The gross development value is 4,200 crore.
Background: This step enhances the presence of the developer in North India, with its target being high-growth areas of New Gurugram.
Why Sector 92?
The place is very strategic with good connectivity to Dwarka Expressway which has enhanced the demand of high rises and luxury housing in the NCR area.
About Prestige Group:
Prestige Group is one of the top Indian real estate developers, which have been involved in the delivery of various projects, such as luxury apartments and townships.
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