Prestige Estates Projects Limited has informed the Exchange regarding a press release dated April 21, 2026, titled "Prestige Estates Sees Strong Response to Prestige Golden Grove in Hyderabad, Clocks ₹2,500 Crore in Early Sales".
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Prestige Estates announced strong sales for its new residential project Prestige Golden Grove in Hyderabad. The project, one of the largest single-phase developments in the city at ~29 acres with ~5,120 units across 10 towers, witnessed over 4,000 customer footfalls and sold over 1,700 units within two weeks of launch. Total sales value exceeded Rs 2,500 crore. Located in Tellapur, the project has a total estimated gross development value of ~Rs 9,500 crore. The management attributed the response to strong demand for well-located residential communities and continued infrastructure growth in Hyderabad.
The strong early sales performance signals robust homebuyer demand for Prestige Estates' projects and validates the company's market positioning in Hyderabad. This positive reception should boost investor confidence and contribute meaningfully to the company's revenue pipeline given the large GDV of Rs 9,500 crore.