Prestige Estates Achieves ₹2,500 Crore in Sales from Hyderabad Project Launch
Prestige Estates sells over 1,700 housing units in Hyderabad, clocks ₹2,500 crore in sales
Hindustan Times
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Prestige Estates Projects Ltd has sold over 1,700 housing units in its newly launched Prestige Golden Grove project in Tellapur, Hyderabad, generating sales exceeding ₹2,500 crore within just two weeks. This strong demand reflects the company's successful strategy in a growing market.
- 01Prestige Estates sold over 1,700 units in two weeks, totaling ₹2,500 crore.
- 02The Prestige Golden Grove project is one of the largest residential developments in Hyderabad.
- 03The project spans approximately 29 acres with 5,120 units across 10 towers.
- 04Prestige Group aims for ₹50,000 crore in home sales by FY29-30.
- 05The company is exploring new markets including Pune, Gurugram, and Noida.
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Prestige Estates Projects Ltd reported impressive sales figures for its newly launched Prestige Golden Grove project in Tellapur, Hyderabad. In just two weeks, the company sold over 1,700 housing units, amounting to a total sales value of more than ₹2,500 crore (approximately $300 million USD). This project, which is among the largest single-phase residential developments in Hyderabad, attracted more than 4,000 customer visits, reflecting significant interest and confidence in the housing market. The development covers approximately 29 acres and consists of 5,120 units across 10 towers, with an estimated gross development value of ₹9,500 crore (approximately $1.14 billion USD). Zayd Noaman, Executive Director of Prestige Group, highlighted the importance of Hyderabad as a key market, driven by infrastructure growth and a robust employment ecosystem. The company has ambitious plans to achieve ₹50,000 crore in home sales by FY29-30, nearly tripling last year's sales figures. Additionally, Prestige Group is looking to expand into new markets such as Pune, Gurugram, and Noida, focusing on the ₹2–3 crore segment to meet genuine housing demand.
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The successful launch of Prestige Golden Grove is likely to stimulate further real estate development in Hyderabad, benefiting homebuyers and boosting local employment.
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