Prestige to jointly build 17-acre housing project in Gurugram

New Delhi: Realty firm Prestige Estates Projects Ltd has entered into a partnership with a landowner to develop a 17-acre housing project in Gurugram with an estimated revenue potential of Rs4,200 crore.

In a regulatory filing recently, the company informed that it has secured a prime land parcel in Sector 92, Gurugram. "The company has entered into a Joint Development Agreement (JDA) for a 17.212-acre land parcel," it added. The proposed development is expected to have a saleable area of about 3 million square feet and an estimated revenue of Rs4,200 crore.

Irfan Razack, Chairman and Managing Director of Prestige Group, said: "This addition in Gurugram aligns with our broader strategy of strengthening our presence across key markets such as the NCR.