Prestige Group is significantly expanding its presence in the National Capital Region with a new residential development planned in Sector 109, Gurgaon.
The Bengaluru-headquartered developer has added a 17.14-acre land parcel to its portfolio through a joint development arrangement. The proposed project will offer approximately 2.8 million sq. ft. of saleable area and is expected to generate a gross development value of nearly ₹5,600 crore.
Located close to the Dwarka Expressway, the site offers connectivity to major residential, commercial and social infrastructure across Gurgaon and Delhi. The corridor’s improving accessibility and proximity to the capital have made it an increasingly important destination for premium residential development.
Joint Development Model
Market commentary has linked the transaction to Chintels, a developer with an established presence in the Dwarka Expressway corridor and a previous association with Sobha in the Sector 108 area. Prestige Group’s public announcement, however, describes the transaction as a joint development arrangement with a local developer without identifying the counterparty.
The structure enables Prestige to expand its development pipeline in Gurgaon without depending entirely on outright land acquisitions. Joint development agreements have become an important growth route for large developers seeking to enter high-value urban markets while working with established landowners.
From NCR Entry to Rapid Expansion
The Sector 109 project is the latest addition to Prestige Group’s rapidly growing NCR portfolio.
The company entered the region’s residential market in a major way with The Prestige City in Indirapuram Extension, Ghaziabad. Spread across approximately 62.5 acres, the integrated township marked Prestige’s formal residential debut in Delhi-NCR and established a substantial base for its northern expansion.
Prestige also has a long-standing joint venture with Ace Group for a residential development in Sector 150, Noida. The approximately 15-acre project is expected to bring the Prestige brand into one of Noida’s prominent premium residential locations.
In April 2026, the developer signed another joint development agreement for 17.2 acres in Sector 92, Gurgaon. That project is planned with approximately three million sq. ft. of development potential and an estimated GDV of ₹4,200 crore. The land is held by Sare Gurugram, a venture involving Eka Life, KGK Realty and Dhoot Infrastructure.
The Sector 92 and Sector 109 projects together give Prestige nearly 34.3 acres of new development potential in Gurgaon. Based on the disclosed estimates, the two developments could contribute approximately 5.8 million sq. ft. of space and a combined GDV of around ₹9,800 crore.
Dwarka Expressway Emerges as a Strategic Corridor
The choice of Sector 109 is significant. Located along the Delhi-facing stretch of the Dwarka Expressway, the area benefits from access to IGI Airport, Delhi, Aerocity and major employment centres across Gurgaon.
Improved infrastructure has attracted several national and regional developers to the corridor. For Prestige, the new project provides an opportunity to enter a market where demand has increasingly shifted towards larger, master-planned residential communities supported by established brands.
The estimated GDV of ₹5,600 crore across 2.8 million sq. ft. also indicates that the development is likely to be positioned in the premium segment. Final pricing, configurations and launch timelines are expected to be announced after the required approvals and project planning are completed.
Building Scale Across Delhi-NCR
Prestige Group’s NCR activity over the past 18 months shows a strategy extending well beyond a cautious market entry. The developer now has projects or partnerships spanning Ghaziabad, Noida and two Gurgaon micro-markets.
The company has indicated that several NCR developments are being prepared as part of its FY27 pipeline. Prestige Chairman and Managing Director Irfan Razack said the response to the group’s entry into the NCR residential market had been encouraging and that the company was steadily building greater scale and depth in the region.
As of June 2026, Prestige Group had delivered 319 projects covering approximately 216 million sq. ft. Its wider pipeline included 137 projects with a combined development area of about 229 million sq. ft.
The addition of the Sector 109 property reinforces NCR’s growing importance within that pipeline. With a large township already established in Ghaziabad, upcoming plans in Noida and two substantial joint developments in Gurgaon, Prestige is positioning Delhi-NCR as a core growth market rather than a limited geographic experiment.