Prestige Group Secures Prime Land Parcel in Gurugram with ₹ 4,200 Crore GDV Potential
Prestige Estates Projects Limited, one of India’s leading real estate developers, has secured a prime land parcel in Sector 92, Gurugram, through a Joint Development Agreement (JDA) for a 17.212-acre land parcel. The proposed development is expected to have a saleable area of approximately 3 million square feet, with an estimated Gross Development Value (GDV) of around ₹ 4,200 crore. The development is strategically located with close proximity to the Dwarka Expressway and is expected to benefit from the area’s improving infrastructure, enhanced connectivity to key business districts, and growing residential demand. This development is expected to further enhance Prestige Group’s residential portfolio in NCR and reflects its continued focus on expanding across key urban markets with a calibrated and execution-led approach.
Key Highlights
- Prestige Group secures a 17.212-acre land parcel in Sector 92, Gurugram through a Joint Development Agreement (JDA)
- The proposed development is expected to have a saleable area of approximately 3 million square feet with an estimated Gross Development Value (GDV) of around ₹ 4,200 crore
- Strategically located with close proximity to the Dwarka Expressway, the project is expected to benefit from the area’s improving infrastructure and growing residential demand
- The development is envisaged as a modern, thoughtfully planned residential community aligned with Prestige Group’s focus on quality and execution
- This development is expected to further enhance Prestige Group’s residential portfolio in NCR and reflects its continued focus on expanding across key urban markets with a calibrated and execution-led approach