Prestige Estates Projects Ltd has secured a 17.14-acre land parcel in Sector 109, Gurgaon, to develop a new residential project. The site is expected to generate a Gross Development Value (GDV) of Rs 5,600 crore, offering approximately 2.8 million sq. ft. of saleable area. This strategic acquisition reinforces the company’s push into the National Capital Region, building on its existing portfolio and aiming to boost long-term sales momentum in Northern India.
Prestige Estates Expands NCR Footprint with Rs 5,600 Crore Gurgaon Project
- Land Acquisition: 17.14 acres in Sector 109, Gurgaon.
- Estimated Gross Development Value: Rs 5,600 crore.
Reader Takeaway: This acquisition accelerates Prestige’s NCR residential expansion, targeting a high-demand corridor near the Dwarka Expressway.
What just happened
Prestige Estates Projects Ltd has announced the acquisition of 17.14 acres of land in Sector 109, Gurgaon. This site is slated for a major residential development, adding approximately 2.8 million sq. ft. of saleable area to the company's regional pipeline.
Why this matters
The project carries an estimated Gross Development Value (GDV) of Rs 5,600 crore. Its strategic location near the Dwarka Expressway provides critical connectivity to both Delhi and Gurgaon, positioning the company to tap into high-growth residential demand in the National Capital Region (NCR).
Management Commentary
Irfan Razack, Chairman and Managing Director, stated that the company is actively scaling operations in the NCR. He noted that the initial foray into this market last year yielded encouraging results, and this new project is a deliberate step to deepen the company’s footprint and contribution to its overall sales trajectory.
Context metrics
As of June 2026, Prestige Estates has completed 319 projects totaling 216 million sq. ft. The company currently maintains a robust development pipeline of 137 projects spanning 229 million sq. ft.
What to track next
Investors should monitor the upcoming launch timelines and the company’s ability to maintain its premium pricing power in the competitive NCR market. Execution speed and cash flow management remain the primary areas of focus for this expansion.