Prestige Group Adds ₹5,600 Crore Residential Project in Gurgaon, Strengthens NCR Expansion

Prestige Estates Projects Ltd (NSE: PRESTIGE, BSE: 533274) is expanding its residential presence in the National Capital Region (NCR) with a new large-scale development in Gurgaon, adding significant value to its residential project pipeline.

17.14-Acre Project in Sector 109, Gurgaon

Prestige Group has added a 17.14-acre land parcel in Sector 109, Gurgaon to its residential development portfolio. The project is located in one of the key residential corridors of Gurgaon and benefits from connectivity to the Dwarka Expressway.

The location provides access to major residential, commercial and social infrastructure destinations across Gurgaon and Delhi, supporting the project’s long-term development potential.

The proposed development is expected to have a saleable area of approximately 2.8 million sq. ft. and an estimated Gross Development Value (GDV) of around ₹5,600 crore.

NCR Expansion Strengthens Residential Pipeline

The new Gurgaon project further strengthens Prestige Group’s presence in the NCR residential market and adds scale to its northern India development pipeline.

The company highlighted the combination of strong residential demand, strategic location and continuing infrastructure development in the region as key factors behind the addition.

The project also aligns with Prestige Group’s broader strategy of expanding its residential footprint in high-potential markets.

Management Commentary

Irfan Razack, Chairman & Managing Director of Prestige Group, said the company’s entry into the NCR residential market last year was an important milestone and that the response from the market had been encouraging.

According to the management, Prestige Group has a strong portfolio of developments planned across NCR in FY27, with the company focused on building greater scale and depth in the region.

Management believes NCR can become an increasingly important contributor to the company’s future sales growth, with the latest Sector 109 project strengthening its development pipeline.

Investor Takeaway

For investors, the key takeaway is the addition of a ₹5,600 crore GDV residential development to Prestige Group’s pipeline.

The 2.8 million sq. ft. saleable area provides meaningful future development scale, while the Sector 109 location and proximity to Dwarka Expressway could support demand as connectivity and infrastructure in the Gurgaon region continue to improve.

The project also indicates Prestige Group’s increasing focus on NCR as a growth market and its strategy of building a sizeable residential portfolio beyond its traditional southern India markets.

Prestige Group’s Development Scale

As of June 2026, Prestige Group had delivered 319 projects covering 216 million sq. ft.

The company currently has a pipeline of 137 projects spanning 229 million sq. ft. across residential, commercial, retail, hospitality and integrated township developments.

The latest Gurgaon project adds another significant residential opportunity to this pipeline and could contribute to the company’s future sales trajectory as development progresses.

Disclaimer

This article is for informational and educational purposes only and is based on the company’s disclosed information. It should not be considered investment advice, a recommendation to buy or sell shares, or a guarantee of future performance. Investors should conduct their own research and consult a qualified financial adviser before making investment decisions.