PRESTIGE: Prestige Estates Projects Limited has informed the Exchange regarding a press release dated April 01, 2026, titled "Prestige Group Secures Prime Land Parcel in Gurugram with Rs. 4,200 Crore GDV Potential .
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Prestige Estates Projects Limited has entered into a Joint Development Agreement for a 17.212-acre land parcel in Sector 92, Gurugram. The proposed residential development will have approximately 3 million square feet of saleable area with an estimated Gross Development Value of around Rs. 4,200 crore. The project is strategically located near the Dwarka Expressway, benefiting from improving infrastructure and growing residential demand in the NCR region. This is part of Prestige Group's strategy to expand its residential portfolio in key urban markets. The company has a track record of 313 delivered projects spanning 206 million sq ft as of December 2025.
This land acquisition represents a significant pipeline addition for Prestige Group, expanding its NCR residential portfolio with a large-scale project. The Rs. 4,200 crore GDV potential is positive for future revenue visibility, though project timelines and execution remain key watchpoints for investors.