Prestige Group’s 5,000-unit township to be Hyderabad city’s biggest
Prestige Group’s 5,000-unit Township to be Hyderabad City’s Biggest rewrite this
The Prestige Group, a renowned real estate developer, is set to create the largest mega township in Hyderabad, with an investment of Rs 5,000 crore. The ambitious project, named ‘Prestige City Hyderabad,’ will feature nearly 5,000 apartments and villas in Rajendra Nagar. The housing options will range from 1BHK to 4BHK configurations.
Strategically located near the PVNR Expressway and in close proximity to the Professor Jayashankar Telangana State Agricultural University (PJTSAU), this township will mark Prestige Group’s foray into Hyderabad, following its successful projects in Bengaluru and Mumbai.
Venkat K Narayana, CEO of Prestige Group, expressed his excitement about the venture, citing the promising performance of the real estate sector in Hyderabad as a motivating factor for this new project. The launch of Prestige City Hyderabad is scheduled for the next couple of months.
Sprawling over 64 acres, Prestige City Hyderabad will consist of 4,647 apartments across 13 towers, covering 9.5 million sq. ft, and 119 villas spanning 0.8 million sq. ft. One of the notable features of the project is the addition of a retail mall within the township, covering one million sq. ft, providing residents with a wide array of amenities and conveniences.
The Prestige Group is a prominent player in the Indian real estate market, with a strong presence in major cities. With a portfolio of 280 completed projects in 12 cities, the group showcases its expertise in diverse real estate segments, including residential, commercial, retail, leisure, and hospitality.
Presently, the Prestige Group is engaged in eight projects in Hyderabad, located in areas such as Nanakramguda, Khanapur, Hitec City, Kokapet, Shamshabad, and Rajendra Nagar. Additionally, the group is gearing up to introduce a sprawling 3 million sq. ft office space in Nanakramguda.