PRESTIGE SPRING VALLEY — New Project Coming Up in Hitec City, Hyderabad

Prestige Spring Valley: New Residential Launch in Hitec City

Hitec City, located in the western part of Hyderabad, has emerged as a hub for office, commercial, and residential real estate, established as an information technology and engineering consultancy district. Prestige Group has now announced a new residential project in this established micro-market.

Project Overview

Prestige Spring Valley is a pre-launch residential project spanning 11 acres and comprising 500 units. The project is priced from Rs. 1.95 Cr onwards, positioning it within the upper-mid residential segment for the Hitec City location.

Location and Connectivity

Hitec City was envisaged to develop across a phased master plan covering 120 hectares (300 acres) of land, and major area connectors include Hitech City Main Road and Mindspace Road, with commercial hubs at the Financial District and Narsingi within 10 km. Prestige Group's Hyderabad portfolio spans the city's three growth axes — the West (Tellapur, Kokapet, Velimela, Narsingi), the central spine (Gachibowli, Hitech City), positioning Spring Valley within the established central corridor.

About Prestige Group

Prestige Group was founded in 1986 and has completed 313+ projects delivering over 206 million sq. ft. across India, comprising 160 residential projects (139 million sq. ft.), 125 commercial projects (49 million sq. ft.), and 13 retail projects (10 million sq. ft.). Under its leadership, the company has developed major residential, commercial, retail, and hospitality projects across Bengaluru, Chennai, Hyderabad, Kochi, and Mumbai.

The group holds a CRISIL DA1+ rating—the highest developer grade in India—which was reaffirmed in March 2026. Prestige's 85–90% on-time delivery rate significantly outperforms the 50% industry average, with a track record of zero financial-related project abandonments.

Market Context

The presence of IT companies and business parks in Hitec City ensures steady demand for housing. Many reputed developers have developed residential projects in Hitec City with excellent amenities for better standard of living, reflecting the area's appeal to both end-users and investors seeking proximity to employment centers and established infrastructure.