Prestige Golden Grove Launches in Tellapur with 5,120 Units
Prestige Golden Grove Opens 5,120 Units on Velimela's Emerging West Corridor
Prestige Golden Grove launched on April 9, 2026, with the prelaunch phase starting on April 6, 2026. The 28.7-acre township on the 100-ft service road off ORR Exit 2 (Kollur), Velimela, features ten towers of 52 floors holding 5,120 Sky-Villaments—a layout that lifts every residential floor above the 4th storey (~50 ft) to combine villa-grade privacy with high-rise views.
The launch marks a total saleable area of approximately 10.36 million square feet with an estimated Gross Development Value (GDV) of over ₹9,500 crore. The project comprises residential units offering a variety of configurations, including 2, 3, 3.5, and 4-bedroom homes, as well as 4-bedroom residences with staff accommodation.
Market Reception and Early Sales
Prestige Golden Grove saw very strong demand in 2026, crossing ₹2,500 Crore in sales and securing 1,700+ bookings in about 2 weeks after launch. This performance underscores confidence in the Velimela–Tellapur corridor at a time when Hyderabad's real estate market defied the national slowdown in Q1 2026 with stable sales, rising prices, and strong demand in premium housing segments.
Regulatory Status and Pricing
The project is RERA registered (No: P01100010708) as of April 2, 2026, with HMDA approval secured March 13, 2026. Unit sizes range from 1,169 sq. ft. to 3,013 sq. ft., with prices between ₹1 crore and ₹3 crore.
Construction is planned to begin after launch, with a RERA-defined timeline up to March 28, 2031, and possession targeted for March 2031.
Location and Connectivity
Located on the 100 ft Road in Velimela at the center of West Hyderabad's new Wealth Corridor, just 2 minutes from ORR Exit 2 (Kollur), the project offers a signal-free, 14-minute commute to the Gachibowli Financial District, bypassing local traffic bottlenecks. Velimela sits on Hyderabad's New West corridor, where most of the city's IT employment is reachable in under 20 minutes via the 158-km Outer Ring Road.
As one of the tallest residential developments in the Tellapur-Kollur corridor, the project offers fabulous forest views of the 3,500-acre lush green ICRISAT campus.
West Hyderabad's Infrastructure Momentum
Hyderabad saw 9,126 residential launches in Q1 2026, led by the West zone (65%), notably the Financial District and Nanakramguda. The Tellapur–Kollur–Financial District belt is one of Hyderabad's fastest growing locations, with strong connectivity, reputed schools, top hospitals, and multiple IT hubs nearby.
Upcoming infrastructure projects such as Metro Phase II, the Outer Ring Road (ORR), and the Regional Ring Road (RRR) will make it easy to reach the Financial District, Neopolis, and other key areas.
Prestige Group's Track Record
India's only CRISIL DA1+ rated developer with 85-90% on-time delivery, Prestige has 300+ completed projects across Bangalore, Hyderabad, Mumbai, Chennai. Prestige entered Hyderabad's real estate market in the late 2000s and has since completed 20+ premium projects.
Prestige Group has completed 313+ projects to date, covering over 206 million sq. ft. The group is highly recognised for its industry-leading track record of timely project delivery.
Design and Amenities
The Sky-Villament design lifts every residential floor above the 4th storey (~50 ft) to combine villa-grade privacy with high-rise views. The premium township is spread over 28.7 acres with 10 towers (3P + 52 floors) and about 5,120 apartments, along with nearly 75–80% open space, which is higher than most nearby standalone projects.