Prestige Estates acquires Gurgaon land for ₹5,600 crore residential project
- Prestige Estates acquires 17.14 acres in Sector 109, Gurgaon
- Project has estimated GDV of ₹5,600 crore
- Saleable area planned at 2.8 million sq. ft.
- Move expands company's footprint in NCR region
*this image is generated using AI for illustrative purposes only.
Prestige Estates Projects announced the acquisition of a 17.14-acre land parcel in Sector 109, Gurgaon, on September 3, 2026. The site will host a residential development project with an estimated Gross Development Value (GDV) of ₹5,600 crore.
The acquisition strengthens the developer’s footprint in the National Capital Region (NCR), adding significant scale to its northern residential pipeline. Located near the Dwarka Expressway, the parcel offers connectivity to key commercial and social infrastructure hubs in Gurgaon and Delhi.
Project Specifications
The development is planned to generate a saleable area of approximately 2.8 million sq. ft. The strategic location aligns with ongoing infrastructure upgrades in the region, which the company cites as a driver for robust residential demand.
| Metric | Details |
|---|---|
| Land Size | 17.14 acres |
| Location | Sector 109, Gurgaon |
| Estimated GDV | ₹5,600 crore |
| Saleable Area | 2.8 million sq. ft. |
Strategic Context
Irfan Razack, Chairman and Managing Director, noted that the group’s entry into the NCR residential market last year received strong market response. He stated that this new project reflects confidence in the region’s long-term potential and aims to build scale and depth in the portfolio for FY27.
As of June 2026, Prestige Group has delivered 319 projects spanning 216 million sq. ft. The company currently maintains a pipeline of 137 projects across 229 million sq. ft., indicating a continued focus on expanding its diversified real estate offerings.
Historical Stock Returns for Prestige Estates Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.23% | +1.11% | +1.05% | +18.57% | +4.31% | +326.23% |
How will the ₹5,600 crore GDV of this Gurgaon project impact Prestige Estates' revenue mix and profitability margins in FY27?
What specific competitive advantages does the Dwarka Expressway connectivity offer against established NCR developers in the luxury residential segment?
Given the current interest rate environment, how might financing costs affect the final pricing strategy for the 2.8 million sq. ft. saleable area?
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