Prestige Group Aims for ₹50,000 Crore Home Sales by FY30, Expands into Pune and Gurugram
Prestige Group, a leading real estate developer, has set an ambitious target of achieving ₹50,000 crore in home sales by FY30, nearly tripling its FY25 sales. The company is expanding into new markets like Pune and Gurugram to capitalize on growing demand.
Real EstatePrestige GroupHome SalesPuneGurugramReal Estate PuneAug 27, 2025
Currently operating across 13 cities, Prestige Group is exploring new markets, specifically Pune, Gurugram, and Noida, where the company has yet to launch residential projects but identifies significant growth potential. The firm is concentrating on the ₹2–3 crore segment, which captures the bulk of genuine housing demand from salaried professionals and first-time buyers, while continuing to pursue marquee projects in premium locations.
For FY26, the company has lined up project launches worth over ₹43,500 crore, spread across 25 developments in Bengaluru, Mumbai, NCR, Hyderabad, Chennai, and Goa. The fiscal year began with record-breaking launches in Q1 FY26 totaling more than ₹13,500 crore, including The Prestige City Indirapuram, the group’s first NCR launch, and Prestige Pallavaram Gardens in Chennai.
The FY26 development pipeline is further set to include around ₹30,000 crore of new projects, notable among them Prestige Falcon City Luxe, Evergreen at Prestige Raintree Park, and Prestige Southern Star Phase 2 in Bengaluru, Prestige Horizon Heights in Mumbai, and Mayflower at The Prestige City Indirapuram in NCR. These projects are expected to cater to both mid-segment buyers and premium home seekers, reflecting Prestige Group’s multi-tier strategy.
In terms of scale, the company reported 44 ongoing residential projects covering 95 million sq. ft and 35 upcoming projects spanning 46 million sq. ft in its Q1 FY26 investor presentation. These projects are distributed across Bengaluru, Mumbai, Hyderabad, NCR, Chennai, Kochi, Mangaluru, Ooty, Calicut, and Goa.
Financially, Prestige closed FY25 with sales of ₹1.70 lakh crore, a decline from ₹2.10 lakh crore in FY24. Despite the lower sales, average realizations rose to ₹14,113 per sq. ft, reflecting a 16% compounded annual growth rate (CAGR) over the last five years. Collections for FY25 stood at ₹1.20 lakh crore, with approximately 5,919 homes sold. Mumbai contributed the largest share of sales at 39%, followed by Bengaluru and NCR, indicating sustained demand in key urban centers.
The group continues to pursue a diversified real estate strategy, covering residential, commercial, retail, and services. In Q1 FY26, the revenue mix showed residential as the largest contributor at ₹1,573 crore, followed by offices at ₹160 crore, retail at ₹73 crore, and services at ₹137 crore. Additionally, the company has filed its draft red herring prospectus with SEBI for Prestige Hospitality Ventures, marking a formal entry into the hospitality sector as a separate vertical.
In commercial real estate, Prestige currently has 13 ongoing projects totaling 24 million sq. ft, including prominent developments such as Prestige Tech Forest, Prestige Tech Hub, and The Prestige in Mumbai. The upcoming commercial pipeline comprises 11 projects across 14 million sq. ft, including Prestige Landmark in Bengaluru and Prestige Forest Hills Mulund Phase 2 in Mumbai.
The group is also strengthening its retail portfolio, with 13 malls under development totaling 12.4 million sq. ft. Key retail projects include Forum One OMR in Chennai, Forum at The Prestige City in Hyderabad, and Forum at TPC Indirapuram in NCR. These retail and commercial initiatives are intended to complement residential developments, enhance asset utilization, and generate diversified revenue streams.
Frequently Asked Questions
What is Prestige Group's target for home sales by FY30?
Prestige Group aims to achieve ₹50,000 crore in home sales by FY30, nearly tripling its FY25 sales of ₹17,000 crore.
Which new markets is Prestige Group exploring?
Prestige Group is exploring new markets in Pune, Gurugram, and Noida, where the company sees significant growth potential.
What segment is Prestige Group focusing on?
Prestige Group is concentrating on the ₹2–3 crore segment, which captures the bulk of genuine housing demand from salaried professionals and first-time buyers.
What are some of the notable projects in Prestige Group's FY26 pipeline?
Notable projects in Prestige Group's FY26 pipeline include Prestige Falcon City Luxe, Evergreen at Prestige Raintree Park, and Prestige Southern Star Phase 2 in Bengaluru, Prestige Horizon Heights in Mumbai, and Mayflower at The Prestige City Indirapuram in NCR.
What is Prestige Group's strategy in the commercial and retail sectors?
Prestige Group is strengthening its commercial and retail portfolios to complement residential developments, enhance asset utilization, and generate diversified revenue streams. They have 13 ongoing commercial projects and 13 malls under development.
Related News Articles
Sunteck Realty Reports Net Profit of Rs 101.33 Crore in Q4 FY24
Sunteck Realty's net consolidated total income stood at Rs 434.99 crore in Q4 FY24
Due Process Must be Followed by Trademark Registrars in Examining Cases
The Mumbai High Court has ordered the Trademark Registry to re-examine a case involving the transfer of ownership of two trademarks, highlighting the importance of following due process in such cases.
Prestige Estates to Launch 43 New Real Estate Projects Across 7 Cities
The company has a total land bank of 260 acres across Bengaluru, Mangaluru, Mysuru, and Pune.
Pune Real Estate Firm Falls Victim to Rs 24 Lakh Cyber Fraud
An employee from the accounts department of a Pune-based real estate firm was tricked into transferring Rs 24 lakh to fraudulent accounts after receiving a message from someone posing as the company director’s father. The incident highlights the increasin
How REITs and Fractional Ownership are Reshaping the Real Estate Market
With minimum investment thresholds ranging from Rs 10-25 lakh, retail investors now have the opportunity to participate in the real estate market with limited capital.
Bombay High Court Allows Adani Electricity to Cut 209 Mangroves for Infrastructure Project
The Bombay High Court has issued a ruling permitting Adani Electricity Mumbai Infra Ltd. (AEMIL) to cut down 209 mangroves near Vasai Creek for a critical infrastructure project.