Prestige Group's New Housing Project in Hyderabad
Prestige Group has launched a new township in Hyderabad with a revenue target of ₹9,500 crore. The housing project offers homes priced between ₹1-3 crore.
Prestige Estates eyes Rs 9,500 crore revenue from new housing project in Hyderabad
New Delhi: Realty firm Prestige Estates Projects Ltd will develop a 29-acre large housing project in Hyderabad with an expected revenue of over Rs 9,500 crore, as part of its expansion plan. The company has launched a new housing project, 'Prestige Golden Grove' at Tellapur, comprising 5,120 units.
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Read Full ArticleHyderabad real estate: Prestige Group launches ₹9,500 crore township, homes priced between ₹1-3 cr
The project will comprise 5,120 units with a total saleable area of around 10.36 million sq ft and an estimated gross development value (GDV) of over ₹9,500 crore, it said. The development will offer a mix of 2, 3, 3.5 and 4-bedroom apartments, including select 4BHK units with staff accommodation,
“our focus remains on disciplined execution and delivering quality developments over the lifecycle of the project”
Sanitizing/minimizing language that frames the company's approach in maximally positive terms ('disciplined execution,' 'quality developments') without acknowledging risks, costs, or delays.
“reflects its continued focus on expanding across key urban markets through a calibrated, execution-led approach”
The author's own framing uses unverifiable positive descriptors ('calibrated,' 'execution-led') that sanitize the company's expansion without critical context.
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