Prestige Estates Projects is expanding significantly in the National Capital Region (NCR) with a major project in Gurugram. The company has entered a joint development agreement for a 17.21-acre site in Sector 92, aiming for a Gross Development Value (GDV) of ₹4,200 crore. This large-scale venture involves an asset that recently underwent insolvency proceedings, presenting a different risk profile compared to typical acquisitions.
Project Scale and Market Position
Prestige Estates will develop roughly 3 million square feet of premium residential space on the 17.21-acre plot. The joint development agreement with SARE Gurugram Private Limited places Prestige near the growing Dwarka Expressway corridor. As of early April 2026, the…