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Prestige Estates Projects Limited — Capital/Financing Update 2026
Apr 1, 2026
62301_rns_2026-04-01_f85a78fa-9634-4511-8ddd-4d654295135e.pdf
Capital/Financing Update
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Date : April 1, 2026
To,
The General Manager The Manager Dept. of Corporate Services Dept. of Corporate Services National Stock Exchange of India Limited BSE Limited Bandra Kurla Complex, Bandra (E) Floor 25, P J Towers Mumbai-400051 Dalal Street, Mumbai – 400 001 NSE Symbol: PRESTIGE BSE Scrip code: 533274
Dear Sir / Madam,
Sub: Press Release titled “Prestige Group Secures Prime Land Parcel in Gurugram with ₹4,200 Crore GDV Potential”
Please find enclosed, a copy of the Press Release titled “Prestige Group Secures Prime Land Parcel in Gurugram with ₹4,200 Crore GDV Potential”.
This is for your information and records.
Yours faithfully,
For Prestige Estates Projects Limited
Digitally signed by VENKATARATHN VENKATARATHNAIA AIAH SETTY H SETTY JEELAKUNTE JEELAKUNTE MANOJ KRISHNA Date: 2026.04.01 MANOJ KRISHNA 18:20:24 +05'30' Manoj Krishna J V Company Secretary & Compliance Officer
Enclosed: As above
Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone: +91 80 25591080 E-mail: [email protected] Website: www.prestigeconstructions.com CIN: L07010KA1997PLC022322
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Prestige Group Secures Prime Land Parcel in Gurugram with ₹4,200 Crore GDV Potential
Delhi, April 1, 2026: Prestige Estates Projects Limited (“Prestige Group”), one of India’s leading real estate developers, has secured a prime land parcel in Sector 92, Gurugram, further strengthening its presence in the National Capital Region (NCR).
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 approximately 3 million square feet, with an estimated Gross Development Value (GDV) of around ₹4,200 crore.
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. The development is envisaged as a modern, thoughtfully planned residential community aligned with Prestige Group’s focus on quality and execution.
This development is expected to further enhance Prestige Group’s residential portfolio in NCR and reflects its continued focus on expanding across key urban markets with a calibrated and execution-led approach.
Commenting on the development, Mr. Irfan Razack, Chairman and Managing Director, 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. As always, we remain focused on disciplined execution and timely delivery, which continues to be appreciated by our customers and partners.”
Sharing his perspective on behalf of the landowners, M/s Sare Gurugram Private Limited (JV of Eka-KGK-Dhoot), Mr. Ajay Munot, Founder, Eka Life said: “This strategic land parcel presents a compelling development opportunity, and we are excited about our partnership with Prestige Group. We are confident in their ability to execute, and their approach to planning and development aligns well with the potential of this location. We believe this project will contribute meaningfully to the micro-market and create long-term value for all stakeholders.”
About Prestige Group:
Prestige Group is one of India’s most respected and diversified real estate developers, with a legacy of almost four decades and a portfolio spanning residential, commercial, retail, hospitality, and integrated townships across major cities. As at December 2025, the Group has delivered 313 projects spanning 206 mn sft and currently has a pipeline of 128 projects across 195 mn sft.
Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone: +91 80 25591080 E-mail: [email protected] Website: www.prestigeconstructions.com CIN: L07010KA1997PLC022322