Prestige Acquires 11 Acres in Hyderabad Hitech City for Mixed-Use Development
Prestige Expands Hyderabad Footprint with Hitech City Acquisition
Prestige Group acquired 11 acres in Hitech City to build a new mix of apartments and offices. The acquisition, announced on 31 January 2026, marks a significant capital deployment in the city's premium tech corridor and reflects the developer's confidence in Hyderabad's continued growth as an IT and commercial center.
Location and Market Position
HITEC City is the pulsating nerve center of Hyderabad's thriving IT and business ecosystem, spread across 200 acres and blending cutting-edge infrastructure, corporate culture, and cosmopolitan vibes. The area hosts multinational giants such as Microsoft, Google, Facebook, and Infosys.
Hitech City is well-connected through the Hyderabad Metro Rail, with a dedicated station at HiTech City. The Outer Ring Road (ORR) provides easy access to the airport and neighbouring states. This connectivity advantage positions the new mixed-use development to serve both office workers and residential occupants seeking proximity to the IT corridor.
Prestige's Hyderabad Portfolio
Prestige Group was founded in 1986 by its owner, Razack Sattar, and is one of the leading real estate builders based in Bangalore, India. Prestige Group is South India's second-largest real estate developer, with a presence in 9 states and 13 major cities across India. The company has completed more than 350 projects covering over 180 million sq. ft. and is actively developing 46 million sq. ft. across 35 new residential projects nationwide.
In Hyderabad, Prestige operates a diverse and high-end portfolio with major projects like Prestige High Fields, Spring Heights, Clairemont, The Prestige City, Ivy League, and Royal Woods. Prestige Ivy League in Hitech City spans over 5 Acres with 80% open space and comprises 349 units across 3 big towers.
Mixed-Use Development Strategy
The 11-acre acquisition in Hitech City represents Prestige's dual-purpose development approach. By combining residential apartments with office spaces, the project addresses the simultaneous demand from IT professionals for workspace proximity and quality living environments in one of India's most established tech hubs. This format allows for integrated amenities, efficient infrastructure utilization, and walkable urban planning.
The announcement follows Prestige's broader expansion trajectory in 2026. The group has also entered the Chennai market with significant land acquisitions and continued strategic additions to its Hyderabad landbank, reflecting confidence in South India's real estate fundamentals.