With an investment of Rs 50 billion, this will be the largest township that the Indian city has ever seen
The Southern city of Hyderabad in India is all set to witness the development of the largest mega township with prominent real estate player Prestige Group investing Rs 5,000 crore (or 50 billion) to build nearly 5,000 apartments and villas in Rajendra Nagar. The ambitious project, known as the ‘Prestige City Hyderabad’, will encompass a range of housing options, including 1-, 2-, 3- and 4-bhk configurations.
Strategically located by the PVNR Expressway and in close proximity to the Professor Jayashankar Telangana State Agricultural University (PJTSAU), the township marks Prestige Group’s City Project into Hyderabad following its successful launches in Bengaluru and Mumbai.
Venkat K Narayana, CEO of Prestige Group, expressed his enthusiasm about the venture. “After Bengaluru and Mumbai, Hyderabad is performing well in the real estate sector. This has prompted us to develop Prestige City Hyderabad. We will launch this project in a couple of months,” he said.
Sprawling over an area of 64 acres, Prestige City Hyderabad will comprise 4,647 apartments spread across 13 towers, covering 9.5 million sq ft, and 119 villas occupying 0.8 million sq ft, he informed, adding that one of the highlights of the project is the addition of a retail mall within Prestige City Hyderabad, spanning one million sq ft, offering a comprehensive range of amenities and conveniences to the residents.
Currently, the Prestige Group is involved in eight projects in Hyderabad, located in areas like Nanakramguda, Khanapur, Hitec City, Kokapet, Shamshabad and Rajendra Nagar. Additionally, the group is also set to introduce a sprawling office space spanning 3 million sq ft in Nanakramguda.
