Prestige eyes Rs 9,500 cr revenue from new housing project in Hyd

Realty firm Prestige Estates Projects Ltd will develop a 29-acre large housing project in Hyderabad with an expected revenue of over Rs9,500 crore, as part of its expansion plan.

The company has launched a new housing project, 'Prestige Golden Grove' at Tellapur, comprising 5,120 units.

The project, spread across 28.6 acres, will have a total saleable area of 10.36 million square feet and an estimated revenue potential of over Rs9,500 crore, Prestige said in a regulatory filing on Friday.

Ticket sizes range between Rs1 crore and Rs3 crore.