Page 27 - Construction_Opportunities_April_2026

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PRESTIGE ESTATES LAUNCHES 5,120-UNIT TOWNSHIP destination for residential investment. Prestige Golden Grove
‘PRESTIGE GOLDEN GROVE’ IN HYDERABAD WITH `9,500 is designed to provide a balanced lifestyle with modern
CR GDV. architecture, ample open spaces, and a comprehensive suite
Prestige Estates Projects Limited has launched Prestige Golden of amenities for residents. CONSTRUCTION
Grove, one of the largest residential developments in Hyderabad, Commenting on the launch, Irfan Razack, Chairman and
located in the rapidly growing Tellapur area. Managing Director of Prestige Group, said the project builds
Spanning 28.6 acres, the township features a total saleable on the company’s strong presence
area of approximately 10.36 million square feet and carries an in Hyderabad. “With Prestige Golden
estimated Gross Development Value (GDV) of over `9,500 crore. Grove, we are delivering the city’s largest
The project comprises 5,120 residential units, offering a variety development in Tellapur, aligning with the
of configurations, including 2, 3, 3.5, and 4-bedroom homes, evolving aspirations of homebuyers. Our
as well as 4-bedroom residences with staff accommodation. focus remains on disciplined execution
Unit sizes range from 1,169 sq. ft. to 3,013 sq. ft., with prices and quality delivery throughout the project
between `1 crore and `3 crore, catering to a wide spectrum lifecycle,” he said.
of homebuyers. The launch reinforces Prestige Estates’ strategy to expand in
Tellapur’s strategic location near Hyderabad’s major IT corridors high-growth urban markets while offering a diversified portfolio
and its well-developed social infrastructure make it an attractive of residential developments.

ADANI SUBSIDIARY CREATES THREE NEW ENTITIES FOR City Ltd, Adani Guwahati Airport City Ltd, and Adani Ahmedabad
HOTELS, REALTY AND AIRPORT CITY PROJECTS. Airport City Ltd. The newly formed companies will undertake real
Adani Enterprises has announced that its step-down subsidiary estate development activities, including construction of integrated
has incorporated three wholly owned units as part of its broader hotel projects. These hospitality assets are expected to feature
airport city expansion strategy focused on hospitality and real restaurants, banquet facilities, and business centres, aligning with
estate development. According to a regulatory filing, Adani Airport the group’s plan to develop airport-linked urban infrastructure
City Ltd has set up three new entities: Adani Navi Mumbai Airport ecosystems across multiple cities.

HUDCO AND NBCC FORM PARTNERSHIP FOR LARGE- to determine optimal land use. NBCC will act as the project
SCALE REDEVELOPMENT AND ASSET MONETISATION management agency, overseeing execution and construction,
PROJECTS. while monetisation strategies will be developed to maximise
In a major step toward urban redevelopment and asset returns from the newly developed built-up space.
optimisation, two public sector undertakings—Housing and The second MoU establishes a broader framework for cooperation
Urban Development Corporation Limited (HUDCO) and NBCC on NBCC’s self-sustainable development projects. Subject to
(India) Limited—have signed two strategic Memorandums of Government of India approval, HUDCO will provide financing
Understanding (MoUs) to jointly pursue large-scale redevelopment support for ongoing and upcoming projects under this model.
and monetisation projects. The collaboration is aimed at NBCC, in turn, will serve as the project management consultant,
combining HUDCO’s financial strength with NBCC’s project ensuring execution quality and timely delivery.
management expertise to unlock value from prime urban real The partnership is expected to create a mutually beneficial
estate and promote sustainable development models across arrangement, with HUDCO deploying capital into high-value
key locations. Under the first MoU, the two organisations will urban infrastructure projects and NBCC gaining access to
undertake the redevelopment of an 18,830 sq. metre leasehold structured funding support to accelerate its project pipeline.
plot at Block No. 25, August Kranti Bhawan, Bhikaji Cama Place in Together, the two PSUs are expected to play a key role in
South Delhi. The site is set to undergo a complete transformation, reshaping parts of New Delhi’s commercial and urban landscape
beginning with detailed techno-economic feasibility studies through redevelopment-led growth.

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