Prestige Estates Unveils Q4 Projects worth Rs 161.34 Billion GDV
Real Estate

Prestige Estates Unveils Q4 Projects worth Rs 161.34 Billion GDV

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

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

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?