Prestige Group's presence in Budvel centres on The Prestige City Hyderabad, a township positioned in Rajendra Nagar, Budvel, near Shamshabad in South Hyderabad. The Prestige City Hyderabad is a lakeside township in Rajendra Nagar, Budvel, near Shamshabad, spanning 64 acres, with 32 acres of apartments in high-rise blocks reaching 42 floors, totalling 4,647 flats. The project sits close to Rajiv Gandhi International Airport and the Outer Ring Road, placing it firmly within the growth belt Prestige has been building around in the city's south.
The project is RERA-approved under registration number P02400007209 and is currently in pre-launch/under-construction, with handover expected by late 2027 and RERA possession by June 2028. The launch took place on November 9, 2023. Within the larger 64-acre footprint, the developer has also planned a commercial component: a sprawling 7-acre commercial development providing access to a massive shopping mall. Unit sizes and pricing reported across listings place entry apartments with connectivity via ORR, PVNR Expressway, and NH-44, at an address close to Rajiv Gandhi International Airport. Architecturally, the township carries the signature of Hafeez Contractor, whose involvement is consistent with Prestige's approach on its large integrated townships elsewhere in the country.
Budvel's relevance to a Prestige buyer follows from its position on the transport map rather than its own commercial density. From here, leading IT hubs like CVK Tech Park, Mindspace Madhapur IT Park, and International Tech Park Hyderabad are accessible via the ORR, which also connects to job centres such as Gachibowli, Manikonda, and HITEC City. Rajiv Gandhi International Airport is about 10.7 km away, while Begumpet Airport, used for VIP travel, is about 17.7 km away. Rail and upcoming metro links add to this: the project is near Budvel Railway Station and NPA Shivram Pally Railway Station, and the upcoming Hyderabad Metro Corridor IV, connecting the airport with Raidurg, will have a planned Rajendra Nagar Metro Station roughly 2 km from the site. The state's own plans reinforce the corridor's institutional pull: the location has strategic access to major infrastructure networks including the ORR, the airport, and existing IT corridors, and the state government has decided to set up a UCE on a 45-acre campus here.
The Prestige City is one node in a broader Hyderabad portfolio the group has built out over the past decade. In Hyderabad, Prestige has launched over a dozen projects such as Prestige High Fields, Prestige Spring Heights, Prestige Clairemont, The Prestige City Hyderabad, and Prestige Ivy League. Within the same Rajendra Nagar-Budvel corridor, the group also has Prestige Spring Heights, described as a project in the Budvel/Rajendra Nagar region, with 3 BHK units of about 1,571 sq ft and 4 BHK units from 2,407 to 3,233 sq ft, priced between roughly ₹1.24 crore and ₹2.55 crore. A further project, Prestige Imperial Park, is also positioned in Rajendra Nagar, underlining that Prestige treats this South Hyderabad stretch as a deliberate cluster rather than a one-off launch. Elsewhere in the city, the group's footprint spans Gachibowli, Kokapet, and Banjara Hills, giving it a presence across the IT corridor as well as the older, established neighbourhoods.
Prestige Group traces back to a Bengaluru retail business before its move into real estate. In 1986, Irfan Razack formally established Prestige Estates Projects Limited, expanding the family business from retail into real estate development. Under his leadership, the company developed major residential, commercial, retail, and hospitality projects across Bengaluru, Chennai, Hyderabad, Kochi, and Mumbai. Prestige Estates became one of India's largest listed real estate developers after its IPO in 2010, and diversified into malls, hotels, and integrated townships. The company has also built a distinct rating profile in the sector: with 302 completed projects delivering 193 million square feet of developed area as of September 2024, Prestige Group has earned the distinction of being the only developer with a CRISIL DA1+ rating for construction and development capabilities. That combination of scale and rating discipline is part of what a buyer is weighing when considering a Prestige address in a still-emerging micro-market like Budvel, where the developer's track record matters as much as the location itself.
Budvel's own real estate numbers give some sense of the trajectory a Prestige buyer is stepping into. Property prices in Rajendra Nagar, Budvel increased by 11.11% over the period 2022 to 2025. Property prices in Budvel start at approximately Rs 3,862 per sq ft, with an average price around Rs 8,431 per sq ft. Budvel is quickly rising as a prime real estate landmark, offering a mix of residential and commercial properties that attract both business-oriented investors and homebuyers. Social infrastructure in the immediate vicinity is already reasonably built out: nearby schools include AVM High, Spring Field, Adarsh Vidyalaya, Vikaas, Edify, Oakridge, DPS, CHIREC, and Gitanjali International, while nearby hospitals include Apollo, Medwin, and Olive. For a developer of Prestige's scale, entering Budvel with a 64-acre integrated township is consistent with the group's pattern elsewhere of pairing large land parcels with growth corridors ahead of metro and institutional development reaching full maturity.