Prestige Raidurg Knowledge City Proposal: 2026 Breakdown

Prestige Raidurg Proposal: 3 Towers in Knowledge City

KianNite07 · 2026-08-18T00:00:00.000Z

I just came across Prestige's latest proposal filing for their landmark 10.49-acre Knowledge City parcel in Raidurg, and the commercial-heavy strategy is super interesting! Here is my quick breakdown of what Prestige is planning: • Project Mix & Scale: 3 high-rise towers (31–39 floors) totaling 6.5M sq. ft. built-up area. It’s a 70% commercial office campus with just 30% dedicated to residential housing. • Exclusive 152 Units:Stacking only 152 homes across 10.49 acres means these will be massive, ultra-luxury sky suites tailored for C-suite executives working in Knowledge City. • Land Cost & BUA:Purchased at ₹141.5 Cr/acre in Oct '25. Out of the 6.5M sq. ft. total built-up area, 3.7M sq. ft. is above ground, while 43% (~2.8M sq. ft.) is allocated for massive underground parking. • Approval Tracker:Currently at proposal stage with 3 of 6 approvals cleared (Land, EC, Fire in place; AAI, Municipal, RERA pending). What do you think about Prestige putting only 152 residential flats along with commercial building on a ₹1,500+ Cr land parcel? I guess Brigade have also done the same thing with Gateway in Neopolis

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suresh9k4m

Comparing this to Brigade's Neopolis strategy is spot on. At ₹1,500+ Cr land valuation, pure residential wouldn't deliver the required IRR unless prices were set at astronomical levels. Mixed-use spreads the risk across commercial and residential cycles.

venkatr2n6b

3 out of 6 approvals cleared so far (Land, EC, Fire). AAI and Municipal clearances in Raidurg usually take time given the high-rise nature (31-39 floors) and proximity to height restriction zones, but Prestige's liaison team moves fast.

suresh4n9b

@venkatr2n6b With RERA approval pending, we're likely looking at a late 2026 or early 2027 official launch once municipal approvals are fully stamped.

meghna7k3m

What kind of price per sq ft are we projecting for those 152 residential sky suites? With land cost at ₹141.5 Cr/acre and ultra-low density, the breakeven price must be well above ₹18,000/sq. ft.

saimurali2b8n

@meghna7k3m Based on land cost and construction costs for 35+ floor towers in Knowledge City, base pricing will likely touch ₹20,000-22,000/sq. ft. at launch.

nagarjuna5b1n

70% commercial mix on a ₹141.5 Cr/acre parcel makes total financial sense. Commercial yields in Raidurg Knowledge City are strong, and having 152 ultra-luxury residential units allows Prestige to capture top-dollar executive housing right next to tech HQs.

sriram5n3b

@nagarjuna5b1n Precisely. The annuity rental yield from Grade-A office space de-risks the high land acquisition cost, while 152 units ensures zero oversupply risk in that micro-market.

nagaraju3k7m

@nagarjuna5b1n Compared to pure residential, commercial cash flows provide steady annuity income. It's the exact playbook developers use in prime tech hubs globally.

roja2m7k

Great catch on the EC filings! Interesting to see 43% BUA dedicated to underground parking (~2.8M sq. ft.). Raidurg has serious parking bottlenecks during peak hours, so that scale of infrastructure will be a huge selling point for corporate tenants.

sandeep3b6n

@roja2m7k Spot on. In Knowledge City, parking ratios can make or break a Grade-A commercial lease deal. High-density commercial space needs that massive basement BUA.

Prestige Raidurg Proposal: 3 Towers in Knowledge City

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