Prestige Estates Projects Limited, a leading real estate developer in India, has acquired a prime land parcel in Sector 92, Gurugram, with an estimated Gross Development Value (GDV) of ₹4,200 crore. This strategic acquisition marks a significant expansion of the company’s presence in the National Capital Region (NCR).
The company has entered into a Joint Development Agreement (JDA) for a 17.212-acre land parcel, which is expected to yield a saleable area of approximately 3 million square feet. The development is strategically located near the Dwarka Expressway, offering enhanced connectivity to key business districts and catering to the growing residential demand in the area.
The project is envisioned as a modern residential community, reflecting Prestige Group’s commitment to quality and execution. This new development will further bolster the company’s residential portfolio in the NCR, aligning with its strategy to expand across key urban markets with a focus on disciplined execution.
Irfan Razack, Chairman and Managing Director of Prestige Group, commented on the acquisition, stating, “This addition in Gurugram aligns with our broader strategy of strengthening our presence across key markets such as the NCR. While the region continues to see steady demand, we remain measured in our approach, focusing on locations with improving infrastructure and long-term potential. As always, we remain focused on disciplined execution and timely delivery, which continues to be appreciated by our customers and partners.”
Ajay Munot, Founder of Eka Life, representing the landowners M/s Sare Gurugram Private Limited (JV of Eka-KGK-Dhoot), expressed confidence in the partnership with Prestige Group, highlighting the strategic value of the land parcel and the potential for meaningful contributions to the micro-market.
Prestige Group is renowned for its diverse real estate developments across India, with a legacy spanning nearly four decades. The company has delivered 313 projects covering 206 million square feet and has a pipeline of 128 projects across 195 million square feet as of December 2025.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).