Prestige Group Plans Rs 500 Billion Launches in FY25

23 Jun 2025 CW Team

According to Praveer Srivastava, Senior Vice President at Prestige Group, the company also aims to launch residential projects worth Rs 140–150 billion by the end of the first quarter of FY26.

A major highlight this year is Prestige’s entry into the Delhi-NCR market, marked by the launch of a Rs 120 billion residential project in Indirapuram, with Rs 95 billion already approved for development. Two more key launches are scheduled in the region—Prestige Bougainvillea Gardens in Noida’s Sector 150 by Q1 FY26, and Prestige Imperium, a super-luxury development in Delhi’s KG Marg with ticket sizes expected to exceed Rs 100,000 per square foot, likely around Diwali.

In Mumbai, launches worth Rs 100 billion are planned this fiscal, spanning mid-segment apartments starting at Rs 20 million in Prestige City to ultra-luxury residences up to Rs 1.5 billion at Nautilus in Worli. “Mumbai’s luxury market is deep, but land costs limit villa projects. We're optimising apartment formats to serve both premium and mid-segment buyers,” said Srivastava.

Chennai is also a key focus, with Rs 30–35 billion in planned launches, including Prestige Pallavaram Gardens by end-June and another development in Madhavaram by Q3. The company has partnered with Arihant Developers to identify further opportunities in a market where prices remain comparatively affordable at Rs 10,000–11,000 per square foot.

In Hyderabad, the group is lining up Rs 100 billion worth of projects, including a luxury development in Banjara Hills with units priced between Rs 80–100 million. Extensions to existing townships and two new land parcels are also on the anvil. The Rs 10–20 million range remains the sweet spot, with strong demand for 3,000–4,000 square foot apartments.

Goa, emerging as a strong leisure-luxury destination, will see Rs 30 billion in launches next quarter, offering both villas and high-end flats.

With an established presence in six major cities, Prestige is also exploring new markets like Pune, Gurugram, and Noida, citing strong potential.

“We want to be in the Rs 20–30 million range, where real demand lies. At the same time, we’ll continue with landmark developments in elite locations,” Srivastava added.

Bengaluru-based listed real estate developer Prestige Group is targeting residential project launches worth over Rs 500 billion in gross development value (GDV) across major Indian markets including Bengaluru, Delhi-NCR, Mumbai, Hyderabad, Chennai, and Goa in the current financial year.According to Praveer Srivastava, Senior Vice President at Prestige Group, the company also aims to launch residential projects worth Rs 140–150 billion by the end of the first quarter of FY26.A major highlight this year is Prestige’s entry into the Delhi-NCR market, marked by the launch of a Rs 120 billion residential project in Indirapuram, with Rs 95 billion already approved for development. Two more key launches are scheduled in the region—Prestige Bougainvillea Gardens in Noida’s Sector 150 by Q1 FY26, and Prestige Imperium, a super-luxury development in Delhi’s KG Marg with ticket sizes expected to exceed Rs 100,000 per square foot, likely around Diwali.In Mumbai, launches worth Rs 100 billion are planned this fiscal, spanning mid-segment apartments starting at Rs 20 million in Prestige City to ultra-luxury residences up to Rs 1.5 billion at Nautilus in Worli. “Mumbai’s luxury market is deep, but land costs limit villa projects. We're optimising apartment formats to serve both premium and mid-segment buyers,” said Srivastava.Chennai is also a key focus, with Rs 30–35 billion in planned launches, including Prestige Pallavaram Gardens by end-June and another development in Madhavaram by Q3. The company has partnered with Arihant Developers to identify further opportunities in a market where prices remain comparatively affordable at Rs 10,000–11,000 per square foot.In Hyderabad, the group is lining up Rs 100 billion worth of projects, including a luxury development in Banjara Hills with units priced between Rs 80–100 million. Extensions to existing townships and two new land parcels are also on the anvil. The Rs 10–20 million range remains the sweet spot, with strong demand for 3,000–4,000 square foot apartments.Goa, emerging as a strong leisure-luxury destination, will see Rs 30 billion in launches next quarter, offering both villas and high-end flats.With an established presence in six major cities, Prestige is also exploring new markets like Pune, Gurugram, and Noida, citing strong potential.“We want to be in the Rs 20–30 million range, where real demand lies. At the same time, we’ll continue with landmark developments in elite locations,” Srivastava added.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Resources

16 Sep 2025

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Real Estate

16 Sep 2025

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..