Prestige Group to Launch Ambitious ₹42,000 Crore Housing Projects in FY26
Prestige Estates Projects Ltd plans to launch 25 residential projects across major Indian cities, aiming for a gross development value exceeding ₹42,000 crore in FY26.
Prestige GroupReal Estate DevelopmentHousing ProjectsBengaluruResidential Real EstateReal Estate NewsJun 01, 2025
According to the company's latest investor presentation, Prestige Estates, headquartered in Bengaluru, plans to launch 25 residential projects with a total developable area of 44.80 million square feet. The estimated GDV for these projects is ₹42,120 crore. The projects are strategically located in key cities such as Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, and Goa.
This ambitious expansion follows a year of delayed project launches and a subsequent dip in sales bookings and overall financial performance. Despite these challenges, the company has seen significant growth in average realisation per square foot, which increased by 36% year-on-year (Y-o-Y) to ₹14,113 per square foot.
During the 2024-25 fiscal year, Prestige Estates launched 26.28 million square feet of projects with a combined GDV of ₹26,222.8 crore. However, the company's sales bookings or pre-sales were affected by delays in regulatory approvals. Sales bookings for the 2024-25 fiscal year declined by 19% to ₹17,023.1 crore, falling short of the targeted ₹24,000 crore. The sales volume for the same period stood at 12.58 million square feet, a 38% decrease Y-o-Y, with a total of 5,919 units sold.
Despite these setbacks, the company has shown resilience. The average realisation for apartments, villas, and commercial products rose to ₹14,113 per square foot, marking a 36% increase Y-o-Y. Plot sale realisation also increased by 50% Y-o-Y to ₹7,167 per square foot.
On the financial front, Prestige Estates' net profit for the 2024-25 fiscal year fell sharply to ₹467.5 crore from ₹1,374.1 crore in the previous year. Total income also declined to ₹7,735.5 crore from ₹9,425.3 crore in the 2023-24 fiscal year.
Prestige Group, with a track record of developing over 300 projects, continues to be a significant player in the Indian real estate market. The company is currently constructing a large number of properties across major states, reinforcing its position as a leading developer in the country.
With the new projects lined up for FY26, Prestige Estates aims to regain its momentum and capitalize on the growing demand for housing in major Indian cities. The company's strategic expansion and focus on high-quality developments are expected to drive growth and enhance its market position in the coming years.
Frequently Asked Questions
What is the total estimated gross development value (GDV) of Prestige Group's new housing projects?
The total estimated GDV of Prestige Group's new housing projects for FY26 is ₹42,120 crore.
How many residential projects does Prestige Group plan to launch in FY26?
Prestige Group plans to launch 25 residential projects in FY26.
In which cities are the new housing projects located?
The new housing projects are located in Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, and Goa.
What was the impact of regulatory delays on Prestige Group's sales bookings in 2024-25?
Due to regulatory delays, Prestige Group's sales bookings in 2024-25 declined by 19% to ₹17,023.1 crore, falling short of the targeted ₹24,000 crore.
How much did the average realisation for apartments, villas, and commercial products increase in 2024-25?
The average realisation for apartments, villas, and commercial products increased by 36% to ₹14,113 per square foot in 2024-25.
Related News Articles
Maharashtra Budget 2024: ₹7425 Crore Allocation for 35 Lakh Affordable Homes
The Maharashtra government has set a target to construct 35 lakh affordable homes in the next five years, allocating ₹7425 crore for various housing schemes.
Empowering Women in Real Estate: Godrej Properties Launches C.R.E.W Pune Chapter
C.R.E.W, a nationwide initiative, aims to boost women's representation in real estate, construction, and allied sectors.
Congress Gains Momentum in Maharashtra as BJP Suffers Setback
Ashok Chavan's brother-in-law and former MP Bhaskarrao Patil Khatgaonkar returns to Congress, boosting party's chances in Nanded
MS Dhoni's Family Office Invests in Real Estate Platform SILA, Unfazed by Amrapali Mess
Despite the Amrapali real estate scandal, MS Dhoni's family office has decided to invest in the real estate platform SILA, signaling confidence in the industry's future growth.
South City Mall-Blackstone Deal: Speculative Speculation, No Immediate Urgency to Finalize
A consortium partner of South City Mall has stated that the ongoing talks with Blackstone regarding a potential sale are speculative, and there is no immediate urgency to clinch the deal. The Real Estate Investment Trust (REIT) market remains a key player
Economic Stability Fuels India’s Rise as a Top Real Estate Market in APAC
Despite global economic challenges, India continues to emerge as one of the top real estate growth markets in the Asia-Pacific (APAC) region. Driven by robust economic stability, significant institutional investments, and a rising demand for residential a