Prestige Group Partners to Develop 17-Acre Housing Project in Gurugram, Aiming for Rs 4,200 Crore Revenue
Realty firm Prestige Estates Projects Ltd has entered into a partnership with a landowner to develop a 17-acre housing project in Gurugram, with an estimated revenue potential of Rs 4,200 crore.
In a regulatory filing on Wednesday, the company informed that it has secured a prime land parcel in Sector 92, Gurugram. The company has entered into a Joint Development Agreement (JDA) for a 17.212-acre land parcel.
The proposed development is expected to have a saleable area of about 3 million square feet and an estimated revenue of Rs 4,200 crore. Irfan Razack, Chairman and Managing Director of Prestige Group, said, '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.'
The land belongs to Sare Gurugram Pvt Ltd, a joint venture of Eka-KGK-Dhoot. Ajay Munot, Founder of Eka Life, said, 'This strategic land parcel presents a compelling development opportunity.' He added, 'We are confident in Prestige Group's ability to execute, and their approach to planning and development aligns well with the potential of this location.'
As of December 2025, the Prestige Group has delivered 313 projects spanning 206 million sq ft and currently has a pipeline of 128 projects across 195 million sq ft. The group's extensive experience in the real estate sector and focus on high-quality developments make it a formidable player in the market.
Gurugram, formerly known as Gurgaon, is a rapidly growing city in the National Capital Region (NCR) of India. Known for its modern infrastructure and thriving business environment, Gurugram has become a hub for IT, real estate, and other industries. The city's strategic location, proximity to New Delhi, and well-connected transportation networks have made it an attractive destination for both residential and commercial developments.
Prestige Group's entry into Gurugram with this significant housing project underscores the company's commitment to expanding its footprint in key markets. The project is expected to contribute significantly to the local economy and meet the growing demand for high-quality residential properties in the region.
