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 Transport

17 Sep 2025

Gurgaon-Pataudi-Rewari Highway Set for Completion by December 2025

The National Highways Authority of India (NHAI) has set a new target to complete the four-lane Gurgaon-Pataudi-Rewari highway by December 2025, following a two-year delay.Originally planned in 2018 to upgrade the two-lane state highway into a national highway, the project is estimated to cost Rs 9 billion. Construction, which began in 2021, was initially scheduled for completion in November 2023. According to NHAI, around 70 per cent of the work is already complete, with two major structures still pending: a railway overbridge at Pahari village and a two-lane unidirectional flyover on Dwarka E..

UP Plans Rs 900 Million Extensions to Hindon Elevated Road

The Uttar Pradesh state bridge corporation has prepared the detailed project report and cost estimates for two proposed extensions of the 10.3-km Hindon elevated road, officials said on Thursday. The road connects Raj Nagar Extension to UP-Gate near the east Delhi border, and the project is expected to cost around Rs 900 million.The two extensions, each 400 metres long, will be added to the existing elevated road to ensure smoother traffic flow. “One of the extensions will be from near the Kanawani culvert (near Indirapuram) to the elevated road for commuters heading towards Delhi. The other..

Goa Likely to Miss October Deadline for Maritime Master Plan

Goa is expected to miss the October 31 deadline for submitting its maritime and waterways master plan, which covers the state’s 105 km coastline and river network. The delay is due to the project management consultant not yet being appointed. The plan is now anticipated to be completed by December, Captain of Ports Octavio Rodrigues stated at the India Maritime Week 2025 roadshow.“We have already selected the consultant and will bring them on board within a week. Only then can we begin drafting the master plan, which is essential to secure central government funding,” Rodrigues added.A c..