Prestige Estates to launch Rs 520 Bn housing projects by March 2025

18 Nov 2024 CW Team

Realty firm Prestige Estates Projects Ltd plans to launch housing projects worth Rs 520 billion by March next year to encash surge in demand for residential properties. In its latest investors presentation, Prestige Estates has mentioned that the company plans to launch multiple projects in Bengaluru, Hyderabad, Chennai, Goa, and Delhi-NCR comprising more than 53 million sq ft area with a total sales bookings value of Rs 521.14 billion. According to a transcript of conference call with analysts, Prestige Estates CMD Irfan Razack expressed confidence that the company will be able to meet its sales bookings guidance for this fiscal year at Rs 240 billion. During the 2023-24 fiscal year, Prestige Estates clocked record sales booking of Rs 210 billion. Nevertheless, Razack is confident of not only meeting the target but exceeding it considering the strong pipeline of new launches. "So I think the market is good. The demand continues to be there as long as we have the product and the location, which is the mid-income. And I believe there is enough and plenty of demand that will keep coming. We, at the company, have a lot of launches in the pipeline for this quarter and the next," Razack said. He said the company is working relentlessly to see that it gets the approvals and the RERA number for most of the projects that it wants to launch this quarter as well as in the next. The company's Executive Director, Zayd Noaman, said the gross development value of these projects launched during the first half of this fiscal year stood at Rs 100 billion, of which the second quarter launches contributed to Rs 860 bllion. Prestige Estates Chief Financial Officer (CFO) Amit Mor said the company would launch Rs 250 billion worth projects in this quarter and the remaining in the fourth quarter of FY25. Prestige Group, one of the leading real estate developers in the country, has diversified business model across various segments -- residential, office, retail, hospitality, property management and warehouses -- with operations in more than 13 major locations. The Group has completed 302 projects spanning a developable area of 193 million sq ft as of September 2024.

Realty firm Prestige Estates Projects Ltd plans to launch housing projects worth Rs 520 billion by March next year to encash surge in demand for residential properties. In its latest investors presentation, Prestige Estates has mentioned that the company plans to launch multiple projects in Bengaluru, Hyderabad, Chennai, Goa, and Delhi-NCR comprising more than 53 million sq ft area with a total sales bookings value of Rs 521.14 billion. According to a transcript of conference call with analysts, Prestige Estates CMD Irfan Razack expressed confidence that the company will be able to meet its sales bookings guidance for this fiscal year at Rs 240 billion. During the 2023-24 fiscal year, Prestige Estates clocked record sales booking of Rs 210 billion. Nevertheless, Razack is confident of not only meeting the target but exceeding it considering the strong pipeline of new launches. So I think the market is good. The demand continues to be there as long as we have the product and the location, which is the mid-income. And I believe there is enough and plenty of demand that will keep coming. We, at the company, have a lot of launches in the pipeline for this quarter and the next, Razack said. He said the company is working relentlessly to see that it gets the approvals and the RERA number for most of the projects that it wants to launch this quarter as well as in the next. The company's Executive Director, Zayd Noaman, said the gross development value of these projects launched during the first half of this fiscal year stood at Rs 100 billion, of which the second quarter launches contributed to Rs 860 bllion. Prestige Estates Chief Financial Officer (CFO) Amit Mor said the company would launch Rs 250 billion worth projects in this quarter and the remaining in the fourth quarter of FY25. Prestige Group, one of the leading real estate developers in the country, has diversified business model across various segments -- residential, office, retail, hospitality, property management and warehouses -- with operations in more than 13 major locations. The Group has completed 302 projects spanning a developable area of 193 million sq ft as of September 2024.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..