Prestige Eyes Rs420 Billion From FY26 Housing Launches

03 Jun 2025 CW Team

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.

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