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

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..