Prestige Group's arrival in Gurgaon is a recent chapter in a much longer Bengaluru story. On April 1, 2026, Prestige Estates Projects Limited signed a Joint Development Agreement for a 17.212-acre parcel in Sector 92, Gurugram, its first formal land commitment in the city and a signal of how the developer's national expansion is now converging on the Delhi-NCR market.
In 1986, Irfan Razack formally established Prestige Estates Projects Limited, expanding the family business from retail into real estate development. His father, Razack Sattar, had founded a small fabric and tailoring shop on Commercial Street, Bengaluru, in 1956, and the company that grew out of it is now run by Irfan Razack as Chairman and Managing Director alongside his brothers. During FY26, the company disclosed that it had crossed the milestone of having completed 200 million square feet across 300 projects since inception. It is also known in the industry for holding a CRISIL DA1 developer rating, a construction and financial-capability grading the agency reserves for its highest-rated builders. That combination of scale and rating is part of what a Gurgaon buyer is evaluating when a Prestige project enters the market, since it speaks to execution capacity rather than a single project's marketing.
The Sector 92 site sits in New Gurgaon's growth belt, adjacent to Dwarka Expressway and Pataudi Road, and covers 17.212 acres, held via a JDA with Sare Gurugram Pvt Ltd, a joint venture of Eka, KGK and Dhoot, signed on April 1, 2026. The deal carries a gross development value of roughly ₹4,200 crore against a saleable area of approximately 3 million sq ft. Company management has indicated the plan is a residential community rather than a plotted layout, and disclosures around the transaction describe it as a modern, thoughtfully planned residential community that aligns with Prestige Group's established focus on quality development and execution excellence.
Commenting on the acquisition, Chairman and Managing Director Irfan Razack said the addition in Gurugram aligns with the company's broader strategy of strengthening its presence across key markets such as the NCR, while remaining measured in its approach and focused on locations with improving infrastructure and long-term potential, backed by disciplined execution and timely delivery. On the landowner side, Ajay Munot, Founder of Eka Life, representing Sare Gurugram Private Limited, said the partnership with Prestige Group presents a compelling development opportunity and expressed confidence in the developer's ability to execute.
The choice of corridor is not incidental. Dwarka Expressway is a 27-plus km, eight-lane highway connecting Delhi's Dwarka to Sector 86 in Gurgaon, and it has become one of the city's most closely tracked residential belts. The Blue Line metro extension from Dwarka Sector 21 to Kherki Daula, confirmed for 2026-27, is expected to bring another round of appreciation to sectors along the corridor once operations begin. Proximity to Indira Gandhi International Airport is another draw for the belt, with the airport around 20 minutes away, a meaningful lifestyle advantage for residents who travel frequently for work.
Price data for the corridor reflects this trajectory. Flat prices along Dwarka Expressway have ranged roughly between ₹11,000 and ₹16,750 per sq ft, with average rates around ₹14,000 per sq ft. Flat rates in the corridor have moved by about 12 percent over the last year, 75 percent over three years and 152.3 percent over five years, underscoring why national developers are treating the belt as a long-term growth zone rather than a speculative one. Independent market commentary on the Prestige land deal itself notes that Sector 92 falls within New Gurgaon's broader growth belt, a zone that has steadily gained attention because of improving road connectivity, expanding residential catchment, and the gradual strengthening of social infrastructure.
Gurgaon is not Prestige's first NCR move; it is an extension of one already underway in Ghaziabad. The developer's maiden residential project in the NCR market received a resounding response, translating into sales of over ₹9,500 crore from that single project alone. That performance reshaped the company's geographic mix: in the first nine months of FY26, NCR contributed roughly ₹8,973.5 crore in sales, or 40 percent of the total sales mix, ahead of Bengaluru's 26 percent, and for the full year Prestige recorded its highest-ever annual sales at ₹30,024.5 crore, up 76 percent year-on-year, with Bengaluru contributing 34 percent of FY26 sales and NCR close behind at 33 percent.
Management has been explicit that Gurgaon is part of a deliberate follow-through rather than a one-off. In the Q3 FY26 earnings call, when analysts asked how the company would replace its large FY26 NCR contribution, management said there was still a pipeline in the works and that the company had tied up two large land tracts in the Gurgaon region. Separately, Irfan Razack has said the company is already working on proposals in Gurgaon, Delhi and Noida, and that it is there for the long term, looking at deepening and widening its footprint. Company disclosures also point to two new residential projects planned for Noida and Gurugram during the current fiscal year, with a combined estimated revenue potential of ₹6,800 crore.
For a buyer evaluating a Prestige address in Gurgaon, the relevant reference points sit outside the city: a Bengaluru-listed company with a four-decade operating history, an NCR debut project that sold out at scale in Ghaziabad, and a balance sheet strong enough to back a ₹4,200 crore land commitment on Dwarka Expressway within the same cycle. Market commentary on the Sector 92 move frames it plainly: as one of the better-known branded developers, Prestige's move can influence buyer perception beyond just one parcel, and when a developer with national recall enters or expands in a micro-market like Sector 92, it often changes how both end users and investors evaluate that belt. That is the context in which Prestige Group's Gurgaon presence should be read: not as an isolated launch, but as the latest, and largest, step in a Delhi-NCR expansion that is already reshaping the company's own sales geography.