Prestige Group has announced the acquisition of a 17.14-acre land parcel in Gurgaon’s Sector 109 for a residential development valued at approximately ₹5,600 crore. The project will offer a saleable area of 2.8 million sq. ft. and is expected to strengthen the company’s presence in the National Capital Region (NCR). This strategic acquisition highlights the group’s confidence in the region’s robust demand and infrastructure growth.
Prestige Group Secures Prime Gurgaon Land
Bengaluru-based Prestige Group, a leading Indian real estate developer, has expanded its footprint in the National Capital Region (NCR) with the acquisition of a substantial 17.14-acre land parcel in Sector 109, Gurgaon. This strategic move marks a significant addition to the company’s residential development portfolio in one of Gurgaon’s prime residential sectors.
Project Details and Financials
The newly acquired land is slated for a residential project expected to yield a saleable area of approximately 2.8 million sq. ft. The estimated Gross Development Value (GDV) for this project is pegged at ₹5,600 crore. The location offers excellent connectivity to the Dwarka Expressway, providing seamless access to key residential, commercial, and social infrastructure hubs across Gurgaon and Delhi.
Strengthening NCR Presence
This acquisition is a crucial step in bolstering Prestige Group’s presence in the northern market, significantly scaling up its residential pipeline. The company views the NCR as a region with robust demand and ongoing infrastructure development, making this a strategically important addition to its NCR portfolio. The project is expected to contribute substantially to the Group’s future growth trajectory.
Management Commentary
Mr. Irfan Razack, Chairman & Managing Director of Prestige Group, commented on the development: “Our entry into the NCR residential market last year marked an important milestone in our growth journey, and the response we have received from the market has been extremely encouraging. With a strong portfolio of developments planned across NCR in FY27, we are steadily building scale and depth in the region. This new project in Sector 109, Gurgaon, further strengthens our pipeline and reflects our confidence in the long-term potential of NCR.”
About Prestige Group
Prestige Group is one of India’s leading and most diversified real estate developers with a legacy spanning four decades. Its portfolio encompasses residential, commercial, retail, hospitality, and integrated township projects. As of June 2026, the Group has delivered 319 projects covering 216 million sq. ft. and has a current pipeline of 137 projects across 229 million sq. ft.
Source: BSE
