Prestige Estates to double residential launches in FY26
Real Estate

Prestige Estates to double residential launches in FY26

Prestige Estates Projects plans to double its residential launches in FY26 after closing FY25 with 26.28 million sq ft of launches, largely in Bengaluru, Mumbai, and Hyderabad. These projects carried a total gross development value (GDV) of Rs 262 billion. Of this, 14 million sq ft—worth Rs 161.33 billion—was launched in Q4 alone.

The company will begin FY26 with a major launch in Indirapuram, Delhi-NCR, followed by plotted developments in Bengaluru and large apartment townships in Mumbai, Hyderabad, Bengaluru, and Chennai, said CMD Irfan Razack. A Goa project is also lined up for H1 FY26. Razack added that recent launches across Bengaluru, Mumbai, and Hyderabad saw sales bookings of over Rs 50 billion within a month.

Other top developers are also scaling up launches. Macrotech Developers picked up 10 land parcels in FY25, targeting a total sales value of Rs 240 billion.

While demand for luxury housing remains strong, Razack noted that the mid- and lower-income segments are seeing a clear demand-supply gap. Prestige now plans to expand offerings in the mid-segment, aligning apartment sizes and pricing with market demand. “We’re continuously realigning our products to ensure the right apartment size and ticket price,” he said.

Axis Securities, in its Q4 preview, flagged approval delays as a drag on Prestige’s FY25 performance. Major projects like Indirapuram Prestige City and Pallava Gardens (Chennai), together worth Rs 170 billion in GDV, missed their planned launch windows. As a result, pre-sales may end the year around Rs 140 billion, well short of the Rs 260 billion guidance.

However, with Indirapuram now likely to launch in Q1 FY26, Axis expects a strong sales rebound.

Prestige Estates Projects plans to double its residential launches in FY26 after closing FY25 with 26.28 million sq ft of launches, largely in Bengaluru, Mumbai, and Hyderabad. These projects carried a total gross development value (GDV) of Rs 262 billion. Of this, 14 million sq ft—worth Rs 161.33 billion—was launched in Q4 alone. The company will begin FY26 with a major launch in Indirapuram, Delhi-NCR, followed by plotted developments in Bengaluru and large apartment townships in Mumbai, Hyderabad, Bengaluru, and Chennai, said CMD Irfan Razack. A Goa project is also lined up for H1 FY26. Razack added that recent launches across Bengaluru, Mumbai, and Hyderabad saw sales bookings of over Rs 50 billion within a month. Other top developers are also scaling up launches. Macrotech Developers picked up 10 land parcels in FY25, targeting a total sales value of Rs 240 billion. While demand for luxury housing remains strong, Razack noted that the mid- and lower-income segments are seeing a clear demand-supply gap. Prestige now plans to expand offerings in the mid-segment, aligning apartment sizes and pricing with market demand. “We’re continuously realigning our products to ensure the right apartment size and ticket price,” he said. Axis Securities, in its Q4 preview, flagged approval delays as a drag on Prestige’s FY25 performance. Major projects like Indirapuram Prestige City and Pallava Gardens (Chennai), together worth Rs 170 billion in GDV, missed their planned launch windows. As a result, pre-sales may end the year around Rs 140 billion, well short of the Rs 260 billion guidance. However, with Indirapuram now likely to launch in Q1 FY26, Axis expects a strong sales rebound.

Next Story
Infrastructure Urban

DDA Approves Rs 87.2 Billion Budget for 2025-26

The Delhi Development Authority (DDA) has approved a budget of Rs 87.2 billion for the financial year 2025-26, with a strong emphasis on civic infrastructure development, green space rejuvenation, housing, and sports facilities, according to an official statement. Chaired by Lieutenant Governor V.K. Saxena, the budget meeting highlighted several large-scale projects, including the revitalisation of the Yamuna floodplain, creation of expansive parks, and upgraded civic amenities. Out of the total outlay, Rs 41.4 billion has been earmarked for capital expenditure, covering new roads, infrastruc..

Next Story
Infrastructure Energy

Vi Taps Cisco to Power Next-Gen Network

Telecom operator Vodafone Idea (Vi) has joined hands with US-based tech major Cisco Systems to revamp its transport network infrastructure across India. The strategic partnership aims to enhance network performance, scalability, and user experience for both retail and enterprise customers. As part of the agreement, Vi will deploy Cisco’s advanced Multiprotocol Label Switching (MPLS) technology to create a high-capacity, software-driven transport network. This will significantly improve the telecom player’s ability to manage surging data traffic and support data-heavy digital services such..

Next Story
Building Material

GPT Infra Commissions New Steel Girder Plant Near Kolkata

GPT Infraprojects announced the successful commissioning of its steel girder and components manufacturing facility in West Bengal on April 24, 2025. Located in Village Majinan, Hooghly district—about 60 km from Kolkata—the plant begins operations with an initial capacity of 10,000 metric tonnes per annum (MTPA). The company stated that the facility is in the process of securing RDSO (Research Designs and Standards Organisation) approval for manufacturing steel bridge girders. Once approved, this unit is expected to become a key asset for the company’s steel bridge segment, catering to c..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?