New Launch
Prestige Group Enters Gurgaon with Sector 92 Dwarka Expressway Project—17.2 Acres, ₹4,200 Crore GDV
Prestige Estates Projects Limited signed a Joint Development Agreement with Sare Gurugram Pvt Ltd on April 1, 2026 for 17.212 acres in Sector 92, marking the Bengaluru developer's debut in Gurgaon's residential market. The project carries a GDV of ₹4,200 crore with a saleable area of 3 million square feet.
| Location | Sector 92, Gurugram, near Dwarka Expressway |
|---|---|
| Developer | Prestige Group (first Gurgaon project via JDA with Sare Gurgaon) |
| Land Area | 17.212 acres |
| Saleable Area | 3 million square feet, approximately 900 premium residential units |
| Configuration & Size | 2 BHK (1,100 sq ft), 3 BHK (1,500 sq ft), 4 BHK (2,400 sq ft) |
| Price Band | Approximately ₹13,000 per sq ft; 2 BHK from ₹1.43 crore, 3 BHK from ₹1.95 crore, 4 BHK from ₹2.60 crore (expected launch rate) |
| Possession Timeline | Expected 2029–30, with December 2029 cited as the possession date |
| RERA Status (as of Sept 2026) | Not yet filed; project is pre-RERA. Launch expected mid-2026; do not pay beyond a refundable EOI before RERA is confirmed |
| GDV | ₹4,200 crore |
Project Overview & Structure
Prestige Group, the developer behind iconic projects like UB City and Prestige Shantiniketan in Bengaluru, has signed a Joint Development Agreement with Sare Gurgaon to build a landmark residential township in Sector 92. The joint development structure is capital-efficient and allows Prestige to bring its brand, design capability, construction management, sales infrastructure, and national marketing reach.
This is not a luxury launch; Prestige Sector 92 targets the ₹1.4-3 crore buyer with 2, 3, and 4 BHK apartments at approximately ₹13,000 per sq ft, positioning the project in the mid-premium segment.
Location & Connectivity
The project is expected to come up along the Dwarka Expressway, offering excellent connectivity to major business districts, educational institutions, healthcare facilities, and entertainment hubs. Dwarka Expressway is 5 minutes away; NH-48 is accessible; IGI Airport is 25-35 minutes away; Cyber City is 15-20 minutes away.
The Dwarka Expressway, with involvement of the National Highways Authority of India (NHAI), had construction commence in 2019, and serves as an alternate road link between Delhi and Gurgaon to ease the traffic congestion on the Delhi–Gurgaon Expressway section of NH-48.
Sector 92 Context & Demand
Sector 90-92 features affordable and mid-segment housing projects with prominent developers including Shapoorji Pallonji, Godrej Properties, and Signature Global. Sector 92 sits in New Gurgaon's fastest-growing residential corridor.
More than 150+ residential and commercial projects have either been launched or are in various stages of construction along Dwarka Expressway, with developers like DLF, Godrej, Elan, Sobha, Signature Global, Smartworld and BPTP having launched landmark developments; prices have appreciated by 25–30% over the last 3 years and continue to rise.
In 2023, the Dwarka Expressway / New Gurgaon cluster reportedly sold ~12,409 housing units amounting to ₹25,000 crore.
Amenities & Design
The project is spread across 17.2 acres with an estimated development of ~3 million sq.ft.; most of the 17.2 acres is kept open with landscaped gardens, walking paths, and recreational zones. The project offers a clubhouse, swimming pool, gym, sports courts, jogging tracks, and landscaped gardens.
Apartments range from 1,100 to 2,400 sq.ft., each designed with Vastu-compliant layouts, large balconies, cross-ventilation, and smart home provisions.
Developer Profile & Track Record
Prestige Estates Projects Limited — headquartered in Bengaluru, with 313 delivered projects across 206 million square feet and CRISIL's highest developer rating — has entered Gurgaon. In April 2025, Prestige Group launched its first-ever Delhi-NCR project — Prestige City Indirapuram; in the first twelve months, it clocked ₹9,500 crore in pre-sales, which is one of the fastest pre-sales accumulations in Indian residential history for a single project.
Market Positioning
Prestige is competing with Signature Global and Elan in the ₹1-3 crore segment — but bringing national brand credibility that neither can match. The project offers pre-RERA entry at ₹13,000 psf, with possession expected 2029–30, on a fully operational expressway corridor.
Both Prestige Sector 92 and other Prestige projects in Dwarka Expressway are pre-RERA; buyers should not pay beyond a refundable EOI until the HRERA registration number is confirmed at hrera.gov.in, as government approvals — RERA, environmental clearances, and building plan sanctions can delay timelines by 6–18 months.
Frequently asked questions
What is Prestige Sector 92 and where is it located?
Prestige Sector 92 is a residential project in a Joint Development Agreement signed on April 1, 2026 between Prestige Group and Sare Gurugram Pvt Ltd for 17.212 acres in Sector 92, strategically located with close proximity to the Dwarka Expressway.
What configurations and price range are offered?
The project offers 2 BHK (1,100 sq ft from ₹1.43 crore), 3 BHK (1,500 sq ft from ₹1.95 crore), 4 BHK (2,400 sq ft from ₹2.60 crore) based on expected launch rate of ₹13,000 per sq ft.
When is the expected possession date?
The project has a clear and realistic possession date of December 2029, though possession is expected 2029–30.
Is the project RERA registered?
RERA has not yet been filed; launch is expected mid-2026. Do not commit capital beyond a refundable EOI until RERA is confirmed at hrera.gov.in.
Why is Prestige's entry in Gurgaon significant?
In June 2026, Prestige Estates Chairman Irfan Razack confirmed: 'We are quite bullish on the Delhi-NCR market. We did sales bookings of around ₹10,000 crore in the NCR market during the last fiscal', signaling aggressive expansion into the region.
What are the key risks buyers should be aware of?
Government approvals dependency exists; RERA, environmental clearances, and building plan sanctions can delay timelines by 6–18 months. The JDA structure with Sare Gurugram introduces a landowner partner whose historical execution needs due diligence; pricing clarity is pending at ₹13,000 psf (indicative).