Prestige Estates Expands Residential Real Estate with ₹20k-Cr Projects
Bengaluru-based Prestige Estates Projects Limited is set to expand its residential real estate business by acquiring land parcels in major cities and partnering with landowners. The company plans to build housing projects with a potential gross development value (GDV) of ₹20,400 crore.
Real EstateLand AcquisitionResidential ProjectsPrestige EstatesGross Development ValueReal EstateAug 10, 2025
According to its latest investor presentation, the company acquired a total of 102 acres of land in Bengaluru, Hyderabad, Chennai, and Mumbai, where it plans to build housing projects with a potential to generate an estimated gross development value (GDV) of ₹20,400 crore.
In Hyderabad, the firm acquired two plots; one of 28 acres in Tellapur and another of 37 acres in Pulimamidi. These acquisitions are significant as they position the company to tap into the rapidly growing real estate market in Hyderabad, known for its tech hub and increasing population.
In Bengaluru, the company has acquired three land parcels – 10 acres in Poojanahalli, Devanahalli; 7 acres in Kothanuru, KR Puram; and 10 acres in Ittangur, Sarjapura. These locations are strategic as they are close to key commercial and residential areas, making them highly attractive for future developments.
At Velachery in Chennai, the company acquired 3.48 acres, while in Mumbai, it acquired 6.3 acres of land. These acquisitions in Chennai and Mumbai further diversify the company's portfolio, allowing it to cater to the diverse needs of homebuyers across different regions.
Last month, the realty firm reported a four-fold jump in its sales bookings to ₹12,126.4 crore in the first quarter of FY26, mainly due to strong demand for its housing project in Ghaziabad. This significant increase in sales bookings is a clear indication of the company's strong market position and the growing trust in its brand.
It also recently reported a 26 per cent increase in its consolidated net profit to ₹292.5 crore during the first quarter of this fiscal, as compared with a net profit of ₹232.6 crore in the year-ago period. Additionally, its total income rose to ₹2,468.7 crore during the April-June period of this fiscal from ₹2,024.5 crore in the corresponding period of the preceding year.
Prestige Estates Projects Limited's strategic land acquisitions and robust financial performance demonstrate its commitment to growth and innovation in the real estate sector. With these new projects, the company is poised to deliver high-quality residential properties that meet the evolving needs of homebuyers in India.
Frequently Asked Questions
What is the estimated gross development value (GDV) of the new projects?
The estimated gross development value (GDV) of the new projects is ₹20,400 crore.
In which cities did Prestige Estates acquire land?
Prestige Estates acquired land in Bengaluru, Hyderabad, Chennai, and Mumbai.
How much did the company's sales bookings increase in the first quarter of FY26?
The company's sales bookings increased four-fold to ₹12,126.4 crore in the first quarter of FY26.
What was the percentage increase in the company's net profit in the first quarter of this fiscal?
The company reported a 26 per cent increase in its consolidated net profit to ₹292.5 crore in the first quarter of this fiscal.
What is the total land area acquired by Prestige Estates in the first quarter of this fiscal year?
Prestige Estates acquired a total of 102 acres of land in the first quarter of this fiscal year.
Related News Articles
Mumbai's Sky-High Ambitions: Exploring the City's Love for Skyscrapers
As Mumbai continues to grow
Mumbai Records Third-Highest Surge in Luxury Housing Prices Globally
Mumbai's prime residential prices surge 11.5% year-on-year, ranking third globally, as India's economic growth drives demand in luxury housing market.
Affordable Housing Supply Dries Up as Builders Focus on Premium Projects
The latest data from JLL India reveals a 21% decline in affordable housing supply below Rs 50 lakh, while premium projects saw a significant surge in demand.
Priyanka Chopra's Real Estate Empire: A Peek into Her Investments
Priyanka Chopra Jonas is a keen investor in the real estate space, owning multiple properties in India and the US. Here's a look at her recent transactions.
Uber and Heads Up for Tails Expand Pet-Friendly Rides in Delhi and Mumbai
Uber has partnered with Heads Up for Tails to offer pet-friendly rides in Delhi and Mumbai, making travel more convenient and comfortable for pet owners.
Blackstone and Sattva-backed REIT Files Draft Papers for ₹7000 Cr IPO
A real estate investment trust (REIT) backed by asset manager Blackstone Group and Bengaluru developer Sattva Group has filed its draft papers with the Securities and Exchange Board of India (SEBI) for a ₹7000 crore initial public offering (IPO).