+
Prestige Eyes Rs420 Billion From FY26 Housing Launches
Real Estate

Prestige Eyes Rs420 Billion From FY26 Housing Launches

Prestige Estates Projects Ltd plans to launch 25 residential developments across major Indian cities in the 2025–26 fiscal year, with a projected revenue of over Rs420 billion. According to the company’s investor presentation, these projects will span 44.8 million square feet in Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, and Goa.
The Bengaluru-based developer is looking to capitalise on growing housing demand after a subdued 2024–25, when regulatory delays affected project approvals and led to a dip in performance. In FY25, Prestige Estates launched 26.28 million square feet with a gross development value of Rs262.2 billion. However, sales bookings fell 19 per cent year-on-year to Rs170.2 billion—short of the Rs240 billion target.
Sales volumes declined 38 per cent year-on-year to 12.58 million square feet, with 5,919 units sold. Despite this, average realisation for apartments, villas, and commercial assets rose by 36 per cent to Rs14,113 per square foot, while plot sales recorded a 50 per cent year-on-year increase to Rs7,167 per square foot.
Financially, Prestige Estates posted a net profit of Rs4.68 billion in FY25, down sharply from Rs13.74 billion the previous year. Total income also dipped to Rs77.4 billion from Rs94.3 billion. The group has completed over 300 projects to date and continues to develop large-scale properties across key urban centres.

Prestige Estates Projects Ltd plans to launch 25 residential developments across major Indian cities in the 2025–26 fiscal year, with a projected revenue of over Rs420 billion. According to the company’s investor presentation, these projects will span 44.8 million square feet in Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, and Goa.The Bengaluru-based developer is looking to capitalise on growing housing demand after a subdued 2024–25, when regulatory delays affected project approvals and led to a dip in performance. In FY25, Prestige Estates launched 26.28 million square feet with a gross development value of Rs262.2 billion. However, sales bookings fell 19 per cent year-on-year to Rs170.2 billion—short of the Rs240 billion target.Sales volumes declined 38 per cent year-on-year to 12.58 million square feet, with 5,919 units sold. Despite this, average realisation for apartments, villas, and commercial assets rose by 36 per cent to Rs14,113 per square foot, while plot sales recorded a 50 per cent year-on-year increase to Rs7,167 per square foot.Financially, Prestige Estates posted a net profit of Rs4.68 billion in FY25, down sharply from Rs13.74 billion the previous year. Total income also dipped to Rs77.4 billion from Rs94.3 billion. The group has completed over 300 projects to date and continues to develop large-scale properties across key urban centres.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code