Prestige Estates to Develop Gurugram Housing Project with Rs 5,600 Cr Revenue Potential

Prestige Estates to develop Gurugram housing project with Rs 5,600 cr revenue potential

Prestige Estates has finalized a significant joint development agreement for a housing project in Gurugram, aiming to generate an impressive revenue of Rs 5,600 crore. This development will span across a substantial 17.14-acre land parcel in Sector 109. As part of their growth strategy, the company is also extending its footprint in the Delhi-NCR area, with additional projects underway in Ghaziabad and Noida.

Prestige Estates Shares Jump 4% On ₹5,600 Cr Gurgaon Deal

Prestige Estates touched a day high of ₹1,641.40 on the NSE on 3 September after the company announced a ₹5,600 crore Gurgaon housing project. What sparked the rally was news of a fresh land deal in Gurgaon, one that adds meaningfully to the company’s housing pipeline in the north. Prestige...