Prestige Estates Unveils Q4 Projects worth Rs 161.34 Billion GDV

11 Apr 2025 CW Team

Prestige Estates Projects reported a significant surge in residential project launches in the fourth quarter of FY25, unveiling 14.03 million sq ft of new developments with a gross development value (GDV) of Rs 161.33 billion. This marks a substantial increase compared to just 0.83 million sq ft launched in Q4 FY24. For the full fiscal year FY24, the company had launched a total of 31.67 million sq ft.

The Q4 FY25 launches were spread across key real estate markets including Bengaluru, Mumbai, and Hyderabad, encompassing 4,548 residential units. Despite a major portion of these launches occurring in the latter part of the quarter, the company achieved strong sales figures, contributing significantly to its overall performance during the period.

Among the new projects, a development in Mumbai stood out by recording Rs 23.85 billion in sales within a month of its launch. Projects in Bengaluru and Hyderabad also performed well, generating Rs 13.82 billion and Rs 11.10 billion in sales respectively in the final days of the quarter.

Prestige Estates continues to cater to a diverse range of homebuyers with offerings across mid-income, aspirational, premium, and luxury segments. The company aims to maintain its growth momentum with a robust pipeline of new launches planned for key cities including Bengaluru, NCR, Chennai, and Mumbai in the near future.

While competitors like Godrej Properties and Macrotech Developers have released their operational updates, they have not disclosed their launch volumes for the quarter.

News source: Financial Express

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..