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Hyderabad Housing Boom: Prestige Unveils Mega Project
4 Apr
Summary
- Prestige Estates is developing a 29-acre housing project in Hyderabad.
- The project, 'Prestige Golden Grove', has an estimated revenue of over Rs 9,500 crore.
- It features 5,120 units with ticket sizes ranging from Rs 1 crore to Rs 3 crore.
Prestige Estates Projects Ltd has launched 'Prestige Golden Grove', a large-scale housing development in Hyderabad's Tellapur area. This project spans 28.6 acres and is set to comprise 5,120 residential units. The company anticipates a revenue potential exceeding Rs 9,500 crore from this venture. Unit prices are expected to range from Rs 1 crore to Rs 3 crore.
Hyderabad has been identified as a crucial market for Prestige Group, with the company citing steady demand driven by infrastructure development and a strong economic base. This expansion aligns with the company's strategic growth plans. Prestige Group, a prominent Indian real estate developer, currently manages a substantial pipeline of projects across the country.
