Prestige Group Bolsters NCR Presence with ₹4,200 Crore Gurugram Development
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Prestige Group Expands NCR Footprint with ₹4,200 Cr Gurugram Project
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CNBC TV18•01-04-2026, 21:34
Prestige Group Expands NCR Footprint with ₹4,200 Cr Gurugram Project
•Prestige Group secures a ₹4,200 crore development opportunity in Gurugram, signing a JDA for a 17.212-acre land parcel in Sector 92.
•The project, a premium residential community, is expected to have a saleable area of approximately 3 million sq ft.
•Located near the Dwarka Expressway corridor, the site benefits from improving infrastructure and rising residential demand.
•This expansion aligns with Prestige Group's strategy to strengthen its presence in key markets like NCR, focusing on large-scale projects with long-term growth potential.
•The company reported a consolidated net profit of ₹2,447 crore for Q3 FY25, a seven-fold jump from the previous year.