Prestige Estates Sees Strong Response to 'Prestige Golden Grove' in Hyderabad, Clocks ₹2,500 Crore in Early Sales

Prestige Estates Projects Limited announced a strong response to its recently launched residential project, Prestige Golden Grove, in Hyderabad, underscoring sustained homebuyer demand in the market.

The project, one of the largest single-phase developments in Hyderabad, witnessed over 4,000 customer footfalls, among the highest seen for a residential launch in the city, highlighting significant market interest.

Within two weeks of launch, the Company achieved sales of over 1,700 units, translating to a total sales value exceeding ₹2,500 crore, reflecting robust early traction. The encouraging response reflects continued customer interest and confidence in well-located, thoughtfully designed residential developments.

Strategically located in Tellapur, Prestige Golden Grove is a large-scale residential development spread across ~29 acres, comprising approximately 5,120 units across 10 towers, with a total estimated gross development value (GDV) of ~₹9,500 crore. The project has been conceptualised to offer a blend of modern living, quality construction, and lifestyle amenities aligned with evolving customer preferences.

Commenting on the response, Mr. Zayd Noaman, Executive Director, Prestige Group, said: "We are pleased with the response to Prestige Golden Grove, which has been among our larger singlephase launches. The strong footfalls and early sales traction reflect the depth of demand for well-located, well-planned residential communities at the right price points. Hyderabad continues to be an important market for us, supported by infrastructure growth and a strong employment ecosystem, and we remain focused on bringing the right products to market as we expand our presence across key urban centres."

Shares of Prestige Estates Projects Limited was last trading in BSE at Rs. 1373.45 as compared to the previous close of Rs. 1357.50. The total number of shares traded during the day was 170761 in over 5712 trades.

The stock hit an intraday high of Rs. 1377.15 and intraday low of 1330.10. The net turnover during the day was Rs. 234236328.00.

Source : Equity Bulls

Keywords

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