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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..