Prestige Estates to Launch Rs 42,000 Crore Housing Projects in FY26
Prestige Estates Projects Ltd plans to launch multiple housing projects across major cities in FY26, with an estimated revenue of Rs 42,000 crore. The company aims to capitalize on strong consumer demand and recover from the delays in regulatory approvals.
Real EstatePrestige EstatesHousing ProjectsBengaluruRegulatory ApprovalsReal EstateJun 01, 2025
According to its latest investors' presentation, Bengaluru-based Prestige Estates plans to launch as many as 25 residential projects, covering 44.80 million square feet of developable area. The estimated gross development value of these projects is Rs 42,120 crore. These projects are lined up in Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, and Goa.
During the 2024-25 financial year, the company launched fewer projects due to delays in regulatory approvals. Prestige Estates launched 26.28 million square feet during the last fiscal year, with a combined gross development value of Rs 26,222.8 crore.
Last year, the company's sales bookings or pre-sales were affected. Sales bookings during the 2024-25 fiscal year declined by 19 per cent to Rs 17,023.1 crore, reflecting the impact of deferred launches amid approval delays. The company was not able to achieve its targeted sales bookings of Rs 24,000 crore last fiscal.
Sales volume for 2024-25 stood at 12.58 million square feet, down 38 per cent year-on-year. Total units sold stood at 5,919 last fiscal. The average realisation for apartments, villas, and commercial products rose to Rs 14,113 per square foot, an impressive 36 per cent increase year-on-year. Plot sale realisation increased to Rs 7,167 per square foot, registering a 50 per cent year-on-year growth.
On the financial performance front, during the 2024-25 fiscal year, Prestige Estates' net profit fell sharply to Rs 467.5 crore, from Rs 1,374.1 crore in the preceding year. Total income also declined to Rs 7,735.5 crore in the last fiscal year, from Rs 9,425.3 crore in the 2023-24 fiscal.
Prestige Group has developed more than 300 projects so far and is constructing a large number of properties across major states. The company is optimistic about its future projects and aims to regain its momentum in the real estate market.
Frequently Asked Questions
What is the estimated revenue from the new housing projects by Prestige Estates?
The estimated revenue from the new housing projects by Prestige Estates is more than Rs 42,000 crore.
How many residential projects does Prestige Estates plan to launch in FY26?
Prestige Estates plans to launch 25 residential projects in FY26.
What is the total developable area of the new projects?
The total developable area of the new projects is 44.80 million square feet.
Why did Prestige Estates launch fewer projects in the 2024-25 fiscal year?
Prestige Estates launched fewer projects in the 2024-25 fiscal year due to delays in regulatory approvals.
What was the percentage decline in sales bookings for Prestige Estates in 2024-25?
Sales bookings for Prestige Estates in 2024-25 declined by 19 per cent.
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