Prestige Sector 92, Gurugram

Prestige Estates Projects Ltd has entered the Gurugram market through a Joint Development Agreement for a 17.212-acre parcel in Sector 92, marking the Bengaluru-headquartered developer's first residential project in the city. The agreement was signed with Sare Gurugram Pvt Ltd, a joint venture of the Eka, KGK, and Dhoot groups, who hold the land. Prestige Estates Projects Limited has secured a prime land parcel in Sector 92, Gurugram, further strengthening its presence in the National Capital Region. The Company has entered into a Joint Development Agreement (JDA) for a 17.212-acre land parcel. The proposed development is expected to have a saleable area of approximately 3 million square feet, with an estimated Gross Development Value (GDV) of around ₹4,200 crore.

The site sits within New Gurugram's growth belt. Strategically located in Sector 92, Gurugram, with close proximity to the Dwarka Expressway, the project is well-positioned to benefit from the area's improving infrastructure, enhanced connectivity to key business districts, and growing residential demand. Commenting on the announcement, Chairman and Managing Director Irfan Razack said, "This addition in Gurugram aligns with our broader strategy of strengthening our presence across key markets such as the NCR. While the region continues to see steady demand, we remain measured in our approach, focusing on locations with improving infrastructure and long-term potential."

This is a land-plus-JDA announcement at this stage rather than a fully detailed launch. Confirmed so far are the land size, location, JDA structure, estimated saleable area, and revenue potential, while launch pricing, unit mix, floor plans, possession schedule, clubhouse detail, and phase-wise rollout have not yet been clearly disclosed in mainstream reports. Broker and channel-partner listings tracking the site indicate configurations of 2, 3, and 4 BHK apartments, though these remain indicative pending Prestige's official launch.

For Prestige, the Sector 92 project follows an aggressive NCR push that already includes the large Prestige City township in Ghaziabad. As of December 2025, Prestige Estates has delivered 313 projects spanning 206 million sq ft across India and maintains an active pipeline of 128 projects covering 195 million sq ft, with Q1 FY26 sales bookings of ₹12,126 crore. The Sector 92 entry signals the brand's intent to compete in Gurugram's fast-growing mid-to-premium segment along the Dwarka Expressway corridor.