Prestige Signs JDA for ₹4,200 Crore Housing Project in Gurugram Sector 92
Prestige Enters Sector 92 with Major Land Partnership
Prestige Estates Projects Ltd has acquired a 17.2-acre land parcel in Gurugram's Sector 92 to build a 3 million sq ft premium residential community. The agreement was finalized on April 1, 2026. The land belongs to Sare Gurugram Pvt Ltd, a joint venture between Eka, KGK, and Dhoot groups. This marks an expansion of the company's National Capital Region (NCR) presence, focusing on the growing Dwarka Expressway corridor.
Project Scale and Revenue Potential
The Joint Development Agreement is valued at approximately ₹4,200 crore for a premium residential community expected to yield about 3 million square feet of saleable area. The estimated Gross Development Value (GDV) makes it one of Prestige Estates' largest single-project revenue targets in the NCR region.
The JDA structure reflects current real estate practice: a JDA is a legal partnership between a landowner and a developer, where the developer constructs on the landowner's land in exchange for a pre-agreed share of the revenue or developed area. It is a common structure in Indian real estate that allows branded developers to expand without large upfront land acquisition costs.
Location and Connectivity
Strategically located in Sector 92, Gurugram, with close proximity to the Dwarka Expressway, the project is well-positioned to benefit from the area's improving infrastructure, enhanced connectivity to key business districts, and growing residential demand. NH-48 connects Delhi, Gurgaon, Manesar, Bhiwadi, and Jaipur, with trips between cities relatively easy.
The upcoming Gurgaon–Dwarka Metro will completely transform Sector 92. Due to these major roads, one can reach IGI Airport, Cyber City, Manesar, Udyog Vihar, Golf Course Road, Connaught Place, and Dwarka faster than most Gurgaon locations.
Sector 92: An Emerging Residential Hub
Sector 92 has rapidly developed into a popular residential sector offering a perfect combination of developing infrastructure with a high-end standard of living. This locality, along with Sector 95 in the north, Sector 91 in the south, Sector 93 in the east, and Dhorka Village in the west, is an attractive place for investors and home buyers.
Property rates in Sector 92 have shown over 130% appreciation in the last decade, with strong growth expected due to upcoming infrastructure. Proximity to commercial hubs, educational institutions, and healthcare facilities makes it a desirable location for professionals and families.
Sector 92 offers over 700 properties on sale and more than 150 for rent. One can find lavish apartments and villas along with independent houses here.
Prestige Group's Track Record in Real Estate
As of December 2025, Prestige Group boasts a massive footprint, having delivered 313 projects covering 206 million square feet. The company continues to manage a robust future pipeline of 128 projects spanning 195 million square feet.
Prestige started operations as a partnership firm in 1986, was converted into a private limited company in 1997, and into a public company in 2009. The company has over 37 years of experience in real estate development and is one of the leading real estate developers in South India.
Recent Financial Performance
Prestige Estates reported record-breaking annual pre-sales of ₹30,024 crore in FY26, a significant 76% increase year-on-year, marking the first time the company surpassed the ₹30,000 crore threshold. The company finished the fourth quarter with ₹7,697 crore in pre-sales, reflecting a 10% growth compared to the same period last year, driven by sustained demand in key geographies like Bengaluru, NCR, Mumbai, Hyderabad, and Chennai.
Broader NCR Strategy
Irfan Razack, Chairman and Managing Director of Prestige Group, stated: "This addition in Gurugram aligns with our broader strategy of strengthening our presence across key markets such as the NCR. While the region continues to see steady demand, we remain measured in our approach, focusing on locations with improving infrastructure and long-term potential."
According to Prestige's latest investor presentation, the company intends to launch 25 new residential projects with a combined developable area of 44.80 million square feet across Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, and Goa, with a total Gross Development Value (GDV) of ₹42,120 crore.