Prestige Estates Signs JDA for a 17-Acre Housing Project in Gurugram

Prestige Estates Projects Ltd, a Bengaluru-based listed real estate developer, has announced a strategic expansion into the NCR market through a new residential project in Gurugram.

The company has entered into a Joint Development Agreement (JDA) with a landowner to develop a 17.212-acre housing project, with an estimated revenue potential of ₹4,200 crore.

According to a regulatory filing dated April 1, the project is located in Sector 92, a rapidly developing micro-market in Gurugram.

Key Highlights

• Prestige Estates signs JDA for 17-acre Gurugram housing project
• Project has ₹4,200 crore revenue potential near Dwarka Expressway
• Strengthens Prestige’s residential footprint in NCR market

Also Read: Prestige Estates Plans Rs. 10,000 Cr Expansion Across West India

The site’s proximity to the Dwarka Expressway positions it advantageously to benefit from ongoing infrastructure upgrades, improved connectivity, and increasing residential demand in the region.

The planned development is envisioned as a modern and thoughtfully designed residential community. It aligns with Prestige Group’s established focus on high-quality construction, efficient execution, and customer-centric design. The project aims to cater to the evolving needs of urban homebuyers, leveraging the growing appeal of Gurugram as a residential and investment destination within the National Capital Region.

This move is part of Prestige Estates’ broader strategy to strengthen its residential portfolio in NCR, one of India’s most competitive real estate markets. By adopting a calibrated and execution-driven approach, the company continues to expand its footprint across key urban centers while maintaining operational discipline.

The development also reflects the increasing attractiveness of Gurugram’s peripheral sectors, where improved infrastructure and connectivity are driving demand for large-scale residential communities. With this project, Prestige Estates is poised to capitalize on these growth trends while reinforcing its presence in North India.

“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," Irfan Razack, Chairman and Managing Director, Prestige Group, said.

Overall, the partnership underscores the company’s commitment to strategic expansion, leveraging joint development models to unlock value and deliver premium residential offerings in high-growth corridors.

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“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," said Ajay Munot, Founder, Eka Life, on behalf of the landowners, Sare Gurugram Private Limited (JV of Eka-KGK-Dhoot).