Prestige Golden Grove Achieves ₹2,500 Cr Sales within 2 Weeks of Launch
Prestige Golden Grove Reaches ₹2,500 Crore Milestone in Debut Fortnight
Prestige Estates Projects has recorded early sales exceeding ₹2,500 crore for its Prestige Golden Grove project in Hyderabad within two weeks of launch. The development saw over 1,700 units sold and more than 4,000 customer footfalls, signaling strong buyer demand.
Scale and Scope
Prestige Golden Grove is a large-scale residential development located in Tellapur and spread across approximately 29 acres. The project comprises around 5,120 units across 10 towers and has an estimated gross development value of about ₹9,500 crore. The project, one of the largest single-phase developments in Hyderabad, witnessed over 4,000 customer footfalls, among the highest seen for a residential launch in the city.
Market Appetite for Large Integrated Communities
Hyderabad has quietly become one of the more reliable residential markets in India. Infrastructure expansion, steady job creation and relatively balanced pricing have kept demand intact even as other cities have seen mixed cycles. The company, in its filing, pointed to strong interest in well-planned communities that combine location, design and amenities. Features like integrated layouts, lifestyle amenities and pricing alignment appear to have worked in favour of Prestige Golden Grove.
Developer Momentum
Prestige Group, which is headquartered in Bengaluru, has a strong development track record with 313 completed projects covering about 206 million sq ft. The company is also actively expanding, with a pipeline of 128 projects spanning approximately 195 million sq ft. Prestige Group has an aggressive growth plan, with announced project launches worth over ₹42,000 Crore for the 2026 fiscal year across major cities like Mumbai, Hyderabad, and Pune.
Since then, Prestige has steadily built its portfolio of premium residential projects across the city in localities such as Gachibowli, Kokapet, Rajendra Nagar, Budvel, and Kismatpur. The Golden Grove launch signals the developer's deepening commitment to West Hyderabad, where real estate is growing at a fast rate as the locality expands alongside Neopolis, Financial District Hyderabad, and the growing Kokapet SEZ belt.
Stock Market Response
Prestige Estates Projects Limited share price rose 2.14% to ₹1,403.20 as of 11:51 IST on April 21, 2026, compared with the previous close of ₹1,373.80, according to exchange data. The stock started the day at ₹1,374.10 and steadily moved up, touching a high of ₹1,412.70. The announcement reflected investor confidence in the company's continued execution and market positioning.