Prestige Completes Aspire Spaces Tellapur Acquisition for 10 MSF Hyderabad Project
Prestige Completes Tellapur Land Acquisition
Prestige Estates Projects Limited completed the acquisition of 100% partnership interest in Aspire Spaces Tellapur LLP on 18 February 2026. The transaction, valued at ₹1 million, was executed through the company's wholly owned subsidiaries, making the limited liability partnership a wholly owned step-down subsidiary of Prestige Estates.
The acquisition targets development of a residential project in Tellapur, Hyderabad, with approximately 10 million square feet of saleable area.
Aspire Spaces Tellapur: Vehicle Structure
Aspire Spaces Tellapur LLP, incorporated on July 26, 2024, operates in real estate development with nil turnover for the year ended March 31, 2025. The entity was formed to hold development rights for land in the Tellapur micro-market. This structure is standard in large real estate transactions: smaller entities hold local zoning approvals and land rights before being acquired by experienced developers for execution.
Tellapur's Position in Hyderabad's Growth Corridor
Tellapur is a fast-growing residential location, situated at South West Zone of Hyderabad. Being in proximity to the mainstream areas, Tellapur has acquired a lot of traction in recent days for its infrastructural development.
The locality benefits from strategic connectivity. Tellapur is located in West Hyderabad along the Outer Ring Road (ORR). It is situated near Nallagandla, Gachibowli, and the rapidly developing Kollur area. The road distance to Gachibowli is about 10–11 km, allowing professionals to reach offices within 20–30 minutes on regular workdays.
Prestige Group's Hyderabad Footprint
Founded by Razack Sattar in 1986, Prestige has developed residential colonies and commercial spaces in Bangalore, Chennai, Kochi, Calicut, Hyderabad, Mumbai, Mangalore, Goa and Delhi-NCR. Prestige Group has completed 313+ projects to date, covering over 206 million sq. ft. This track record of completed stock is a key trust factor for buyers evaluating new launches.
The Prestige Group Hyderabad market has been important in expanding its brand. The Tellapur acquisition represents continued expansion in a market where Tellapur is projected to solidify its status as a premier destination for luxury living, driven by strategic infrastructure development and its proximity to Hyderabad's economic powerhouses.
Scale and Regulatory Standing
The 10 million square feet target aligns with Prestige's experience in large-scale township development. They were also recently awarded the Crisil DA1 Developer Rating in recognition of the quality of their projects and the ability to deliver completed projects in a timely manner, making them the ONLY Property Developer across India to have received this distinction.
This acquisition follows Prestige's launch of Prestige Golden Grove in March 2026, another major Tellapur residential project by the group.