Prestige Estates Projects Hits Early Sales of INR25 Billion for New Project in Hyderabad, India

MT Newswires Live

04/21

Real estate developer Prestige Estates Projects (NSE:PRESTIGE, BOM:533274) achieved initial sales of over 1,700 units, amounting to a total sales value exceeding 25 billion Indian rupees, for its residential project Prestige Golden Grove, in Hyderabad, India.

The milestone has been reached within two weeks of the launch of the Prestige Golden Grove project, according to a Tuesday filing to the Indian stock exchanges.

Prestige Golden Grove is a residential development spanning 29 acres, comprising around 5,120 units across 10 towers, with a total estimated gross development value of 95 billion rupees.

The company's shares were up over 2% in recent trade.

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