Prestige Group's arrival in Velimela is not incidental. Founded in 1986 by Razack Sattar and headquartered in Bangalore, the group has spent nearly four decades growing from a retail business into a developer now active in 13 major Indian cities, including Hyderabad. With 313-plus completed projects covering over 206 million sq ft of delivered stock, Prestige carries a track record that buyers in any new market can verify, not just take on faith. The group holds ISO 9001:2000 certification and is the only CRISIL DA1+-rated property developer in India. In Hyderabad specifically, Prestige has already delivered or launched projects including Prestige High Fields, Prestige Spring Heights, Prestige Clairemont, The Prestige City Hyderabad, and Prestige Ivy League. Velimela now adds a new chapter to that city-level record.
Prestige Golden Grove is a township by Prestige Group located in the high-growth corridor of Velimela, off the Tellapur–Kollur Exit 2 of the Nehru Outer Ring Road. Spread over 28.7 acres, the 2026 flagship features 10 high-rise towers rising 52 floors (2 basement levels + 3 podium levels + 52 residential floors), offering 5,120 luxury 2, 3, and 4 BHK apartments sized between 1,169 sq ft and 3,013 sq ft, with prices from ₹93 lakhs onwards.
The project is developed in a joint venture with Swela Realty through Aspire Spaces Tellapur Pvt Ltd. Buyers can choose from six configurations — 2 BHK Classic, 3 BHK Aspire, 3 BHK Premia, 3 BHK Ultima, 4 BHK Supreme, and 4 BHK Ultima — with super built-up areas from 1,169 sq ft to 3,013 sq ft. The project launched on 28 March 2026, carries RERA registration P01100010708 issued by the Telangana State Real Estate Regulatory Authority (TS-RERA), holds HMDA approval 1928/HMDA/SWBP/2026, and is scheduled for possession in March 2031.
The master plan is engineered as a forest-themed integrated township. An 80% open-space ratio (a 4:1 green-to-built ratio) governs the layout, with the 10 towers positioned to create a wind-tunnel effect for natural cross-ventilation and to prevent view-blocking — a deliberate response to the adjacency of the 3,500-acre ICRISAT campus on the western boundary.
The master plan places only eight to ten apartments per floor in each tower, ensuring that even at 5,120 total units, per-floor density remains low and each home retains a degree of privacy uncommon in high-rise developments of this scale. The towers use Mivan aluminium formwork engineering and reserve 80% of the site as open space.
Velimela sits at a point where the urban expansion of West Hyderabad — moving beyond the now-saturated markets of Gachibowli and HITEC City — crosses into a stretch of land that still offers large contiguous parcels at a relative price advantage. For the past decade, Hyderabad has channelled growth along dedicated corridors on the Outer Ring Road, and Velimela falls directly on that path — keeping residents roughly 15 to 20 minutes from major IT hubs while removing them from the traffic and density of more central locations.
Established localities such as Kokapet and Tellapur have absorbed earlier waves of demand and now carry elevated prices and constrained supply, pushing buyers and investors further west into Velimela, which offers comparable connectivity at a lower ticket size. For Prestige, that supply-demand gap represents the same logic the group has used to time entries into growth corridors in Bangalore, Chennai, and Mumbai.
Velimela's primary arterial advantage is direct access to the Nehru Outer Ring Road, which links it efficiently to multiple parts of Hyderabad. For Prestige Golden Grove specifically, the site address sits on the 100-ft service road off ORR Exit 2 at Kollur.
One risk buyers typically carry in early-stage western corridors is the gap between infrastructure promises and on-the-ground delivery. Velimela's education layer has already closed that gap. Gaudium, Oakridge, Glendale, and CHIREC are operational schools, not announced ones — removing the education risk premium that affects resale values in areas where K-12 remains on a brochure. The locality is also 2 km from the Gaudium International School and within a 15-minute drive of Neopolis.
On the healthcare side, Citizens, Continental, and Airaavata hospitals are reachable within 20 minutes, and the next two years are expected to bring additional multi-speciality capacity on the Tellapur–Nallagandla stretch. Retail and daily convenience infrastructure is also developing, with new educational institutions, healthcare facilities, and retail outlets being added to serve the growing residential population.
A buyer evaluating Prestige Golden Grove is, in practice, betting on both the micro-market and the developer. On the developer side, the numbers are publicly traceable. As of the financial year ending March 2025, Prestige Group's revenue was approximately ₹7,349 crore. The completed portfolio spans 160 residential projects over 139 million sq ft and 125 commercial projects over 49 million sq ft, alongside 13 retail projects over 10 million sq ft. The group is publicly listed on both BSE (533274) and NSE (PRESTIGE) as Prestige Estates Projects Ltd.
In Hyderabad, prior deliveries include Prestige High Fields, Prestige Spring Heights, Prestige Clairemont, The Prestige City, and Prestige Ivy League — a body of local work that gives Hyderabad buyers direct reference points for construction quality and delivery conduct, rather than asking them to rely solely on the group's Bangalore reputation.
Prestige Golden Grove received official approval from the Telangana State Real Estate Regulatory Authority on 2 April 2026, with RERA registration number P01100010708. HMDA approval was secured on 13 March 2026. Both approvals preceded the public launch, which is unusual in this corridor and removes a layer of regulatory risk buyers often face at the pre-launch stage with other developers.
