Prestige Estates to Invest ₹8,000-10,000 Crore for West India Expansion
Prestige Estates Projects plans to invest ₹8,000-10,000 crore over the next two to three years to expand its residential and commercial footprint in the Mumbai Metropolitan Region (MMR) and Pune.
Prestige EstatesMmrPuneResidential ProjectsCommercial ProjectsReal Estate PuneNov 18, 2025
Prestige currently has six ongoing residential projects spanning 8.81 million square feet (msf) worth over ₹27,000 crore across MMR. The company also has three upcoming residential projects covering 5.81 msf and a 50-acre land parcel in Pune. Ahmed noted, “Over the next two years, we have visibility into probably over 15 projects that we can add. We are constantly looking at the business development pipeline and looking to add on.”
On the commercial front, Prestige has two ongoing projects spanning 7.71 msf. The company aims to double this portfolio in the coming years, focusing on both residential and commercial segments equally. It has three upcoming office projects totaling 3.1 msf and a retail development of around 200,000 square feet to complement its ₹10,000-crore township in Mulund.
Prestige’s overall revenue in the financial year 2025 (FY25) was ₹7,349.4 crore, and in the first half of FY26 (H1 FY26), it stood at ₹4,739 crore. In H1FY26, the company achieved sales of ₹18,143.7 crore, with Mumbai contributing 16% (₹2,820.2 crore) to these sales, led by the launch of Prestige Nautilus in Worli, where over 60% of the ultra-luxury inventory worth ₹4,400 crore was sold within a few months.
Annually, Prestige’s West team contributes about 20% to the group’s total revenue. Going forward, Ahmed expects this share to hover around 20-25%. “South India will always be in the neighborhood of 40-50%. The big markets will be South, including Hyderabad, Delhi, and Mumbai,” Ahmed added.
Prestige aims to scale up its portfolio in the West with a focus on redevelopment, including slum rehabilitation authority (SRA) and society redevelopment projects via joint development, the ₹2-5 crore segment, and the ‘Homes for All’ strategy. For its expansion in the region, the company is interested in the micro-markets of the Thane-Navi Mumbai area, Goregaon, Borivali, and Andheri within MMR and Pune, as the reception of its projects has been positive.
“We need to expand further with the western suburbs and add more presence in the east. Separately, beyond the city of Mumbai, Pune is a market that is absolutely a copy-paste of the metrics we see in Bengaluru in terms of buyers who tend to be largely IT-oriented and have the same sort of habits in buying the types of homes similar to Bengaluru,” Ahmed said.
Ahmed stated that the company wants to enter Pune in a “classic, Prestige way of finding something substantial.” “We want to really find something major and enter Pune. That's what we're hunting for. We're hopeful we'll find something soon,” he added.
Additionally, the executive mentioned that Prestige is also looking at other capital cities in West India where there is demand. “The strategy is to expand more within Mumbai and explore other cities over time. In terms of product mix, it's about bringing all of our products to the region. So, it's offices, homes, malls, and hotels. It's about bringing the entire suite of Prestige products to the city and the state,” Ahmed added.
Frequently Asked Questions
What is the planned capital expenditure for Prestige Estates in West India?
Prestige Estates Projects plans to invest ₹8,000-10,000 crore over the next two to three years to expand its portfolio in the Mumbai Metropolitan Region (MMR) and Pune.
How many ongoing residential projects does Prestige have in MMR?
Prestige currently has six ongoing residential projects spanning 8.81 million square feet (msf) worth over ₹27,000 crore across MMR.
What are Prestige's upcoming commercial projects in MMR?
Prestige has three upcoming office projects totaling 3.1 million square feet and a retail development of around 200,000 square feet to complement its ₹10,000-crore township in Mulund.
What is Prestige's strategy for entering the Pune market?
Prestige aims to enter Pune in a ‘classic, Prestige way of finding something substantial’ and is looking for major opportunities in the city.
What is the current contribution of the West region to Prestige's total revenue?
Annually, Prestige’s West team contributes about 20% to the group’s total revenue, and this share is expected to hover around 20-25% in the future.
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