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Prestige Estates shares rise 3% as Hyderabad project clocks ₹2,500 crore salesPrestige Estates shares rise 3% after strong early sales at new Hyderabad project Prestige Golden Grove, over ₹2,500 crore sales and 1,700 units sold within two weeks.By Gareema Bangad  April 21, 2026, 1:33:39 PM IST (Published)2 Min ReadShares of Prestige Estates Projects Ltd. gained 3% on Tuesday, April 21, after it reported strong early traction for its newly launched residential project, Prestige Golden Grove, in Hyderabad, with sales exceeding ₹2,500 crore within two weeks of launch.

The company said it sold over 1,700 units during the initial phase, with the project attracting more than 4,000 customer footfalls, indicating robust demand for residential properties in the market.

Located in Tellapur, the project spans around 29 acres and comprises about 5,120 units across 10 towers, with an estimated gross development value (GDV) of ₹9,500 crore.

Zayd Noaman, Executive Director, Prestige Group, said, “We are pleased with the response to Prestige Golden Grove, which has been among our larger single-phase launches.”

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“The strong footfalls and early sales traction reflect the depth of demand for well-located, well-planned residential communities at the right price points.”

He added that Hyderabad remains a key market for the company, supported by infrastructure growth and a strong employment ecosystem.

The development highlights sustained homebuyer demand in key urban markets, particularly for large, well-located residential projects.

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Following the announcement, shares of Prestige Estates Projects Limited rose 3% and were trading at ₹1,415 as of 1.06 pm on Tuesday. The stock has gained 20% over the last month.Continue ReadingTagsHyderabadPrestige EstatesReal Estateshare market today