Prestige plans 566-home mixed-use project with hotel at Budvel, Hyderabad

A mixed-use plan on the Budvel Layout

Prestige Group has outlined plans for The Prestige Place Budvel, a mixed-use development on Plots 9 and 10 of the HMDA Budvel Layout in Rajendranagar, south-west Hyderabad. The scheme brings together four residential towers, an office tower and a hotel tower across a 13.65-acre site, placing homes, workplaces, hospitality and retail under one address.

In July 2026, the group's chairman described the project as a luxury product combining a hotel, offices, premium retail and branded residences. A slight redesign later that month added to the product's appeal. Current plans are dated August 2026, and the expected launch window runs from October 2026 to March 2027.

Project details

The development is planned as six towers sharing one land parcel. Four residential towers, each with four basements, a ground floor and 27 floors, will hold 566 homes, giving a density of about 41 homes per acre. The office tower rises to ground plus 25 floors, while the hotel tower will stand at ground plus 27 floors with 230 rooms. Together the buildings will create about 6.2 million sq ft of built-up area, including basements, and four basement levels of parking will sit beneath all the towers.

• Residential towers: four, with 566 homes in total
• Office tower: ground plus 25 floors
• Hotel tower: ground plus 27 floors with 230 rooms
• Site area: 13.65 acres (5.52 hectares)
• Built-up area: about 6.2 million sq ft including basements
• Parking: four basement levels

Unit configurations and sizes will be released alongside the launch price list. For reference, Prestige's neighbouring Spring Heights project on the same layout offers 3 BHK residences from 1,576 sq ft and 4 BHK residences from 2,429 sq ft.

The plan sets aside space for residents' amenities and a High Street retail zone, which is intended to host boutique cafés, organic grocers and everyday services within the development.

The location

The site sits close to the Rajendranagar interchange on the Outer Ring Road, at Exit 17. Rajiv Gandhi International Airport is about 20 km away by road via the ring road, while the Financial District lies about 16 km off and Kokapet about 14 km. Budvel railway station is around 8 km by road. The nearest operating metro station, Gandhi Bhavan on the Red Line, is about 18 km away, and a planned Airport Metro station at Rajendranagar/Satamrai is proposed for the corridor.

The Rajendranagar area has a dense institutional belt. The NIRD&PR campus, veterinary and agricultural universities and the Police Academy are within about 3 to 8 km by road, and the new Telangana High Court complex is under construction about 7 km away. Himayat Sagar and the Kothwalguda Eco Park lie across the ring road. Average flat rates in Rajendra Nagar have been around ₹8,250 per sq ft, within a locality band of ₹6,500 to ₹9,800 per sq ft.

About Prestige Group

Prestige was founded in 1986 by Razack Sattar, and the group moved into real estate with its first project, Prestige Court on KH Road in Bengaluru, in 1985. Prestige Estates Projects Limited has been listed on the NSE and BSE since 2010 and is headquartered in Bengaluru under Chairman and Managing Director Irfan Razack. As of December 2025 the group had delivered 313 projects covering 206 million sq ft across all verticals, including 150 residential projects totalling 127 million sq ft. Its FY26 sales reached a record ₹30,024.5 crore, with a net profit of ₹1,195.5 crore and a CRISIL DA1+ rating. The group works across 13 Indian cities.

In Hyderabad, Prestige's projects in the same locality include The Prestige City, a 64-acre township in Budvel, Rajendra Nagar, with 2, 3 and 4 BHK apartments and 5 BHK villas, and Prestige Imperial Park in Budvel, a 10-acre development of 1,050 flats across three towers. Spring Heights, on Plot 5 of the same layout, is under construction with 1,656 homes on 10.59 acres.

What comes next

The project has received environmental terms of reference, granted on 7 August 2026, which mark the first formal approval for the development. The launch window from October 2026 to March 2027 will bring the configurations, sizes and pricing to the market. Buyers can follow the progress of the project on its project page.