Bengaluru-based listed real estate developer Prestige Group plans to launch its largest township in Hyderabad, The Prestige City, on November 9 with a sales potential of upwards of Rs 8,000 crore.
Praveer Shrivastava, Senior VP, of Residential, Prestige Group, told Moneycontrol that the project, located in Rajendranagar, sprawling 64 acres will have 4,647 apartments, 119 luxury villas, and a retail mall.
He added that the investment for the project is about Rs 5,000 crore, and the inventories are scheduled to be handed over in 2027.
The total development of the flats and villas will be 10.5 million square feet (msf), with apartments constituting roughly 9.7 msf. The retail mall space would occupy around 1 lakh sq ft.
