Prestige Group Acquires 102 Acre in Q1 for Rs 204 Bn Housing Projects

12 Aug 2025 CW Team

Prestige Estates Projects , one of India’s leading real estate developers, has acquired 102 acres of land across Bengaluru, Hyderabad, Chennai, and Mumbai in the April–June quarter of FY26, earmarked for residential developments with an estimated gross development value (GDV) of Rs 204 billion.

The acquisitions include major parcels in Hyderabad (28 acres in Tellapur and 37 acres in Pulimamidi), Bengaluru (10 acres in Poojanahalli–Devanahalli, 7 acres in Kothanuru, KR Puram, and 10 acres in Ittangur, Sarjapura), Chennai (3.48 acres in Velachery), and Mumbai (6.3 acres).

Prestige continues to expand through outright purchases and partnerships, aiming to strengthen its residential portfolio amid robust housing demand.

Financially, the group posted a 26 per cent rise in Q1 consolidated net profit to Rs 2.92 billion, with total income climbing to Rs 24.68 billion. Sales bookings surged nearly fourfold year-on-year to Rs 121.26 billion, driven by strong uptake of its haziabad housing project.

With over 300 completed projects and a pipeline of 140 more, Prestige has set a sales booking target of Rs 270 billion for FY26.

News source: The Hindu

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