Prestige To Launch Two Housing Projects In Delhi-NCR

25 Jun 2026 CW Team

The total developable area across the two projects is nearly eight million sq ft, and the revenue potential is estimated at Rs 68 bn, according to the company's investor presentation. The group indicated that its debut residential project in Indirapuram generated strong pre-sales of about Rs 95 bn in the first year.

The firm said it had a launch pipeline of around Rs 580 bn for the current fiscal across major cities but noted that actual launches would depend on government approvals. Management emphasised that faster approvals were important because they supported job creation and wider economic benefits.

Last fiscal the company launched 32 million sq ft with a sales bookings potential of about Rs 273.5 bn, and it is targeting sales bookings of Rs 350-360 bn for the current fiscal. Prestige Estates recorded record sales bookings of Rs 300.24 bn in 2025-26, representing a rise of 76 per cent from the preceding year.

The group reported that net profit more than doubled to about Rs 11.96 bn in the last fiscal from roughly Rs 4.68 bn a year earlier, while total income rose to about Rs 131.96 bn from roughly Rs 77.36 bn. Company executives said they would continue to invest in construction activities and land acquisition where suitable opportunities arose.

Prestige Estates is one of the leading Indian real estate developers and has delivered 313 projects spanning 206 million sq ft, with a pipeline of 128 projects across 195 million sq ft. The company reiterated its assessment that housing demand was driven by long term investment needs rather than short term speculation.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Prestige Estates Projects (Prestige Estates) plans to launch two new housing projects in Delhi-NCR this fiscal, one in Noida and one in Gurugram, with an estimated revenue potential of Rs 70 bn. The Bengaluru-based group launched its first Delhi-NCR project in April last year with revenue potential of Rs 120 bn. The company said it remained bullish on the Delhi-NCR market after reporting sales bookings of around Rs 100 bn in the previous fiscal. The total developable area across the two projects is nearly eight million sq ft, and the revenue potential is estimated at Rs 68 bn, according to the company's investor presentation. The group indicated that its debut residential project in Indirapuram generated strong pre-sales of about Rs 95 bn in the first year. The firm said it had a launch pipeline of around Rs 580 bn for the current fiscal across major cities but noted that actual launches would depend on government approvals. Management emphasised that faster approvals were important because they supported job creation and wider economic benefits. Last fiscal the company launched 32 million sq ft with a sales bookings potential of about Rs 273.5 bn, and it is targeting sales bookings of Rs 350-360 bn for the current fiscal. Prestige Estates recorded record sales bookings of Rs 300.24 bn in 2025-26, representing a rise of 76 per cent from the preceding year. The group reported that net profit more than doubled to about Rs 11.96 bn in the last fiscal from roughly Rs 4.68 bn a year earlier, while total income rose to about Rs 131.96 bn from roughly Rs 77.36 bn. Company executives said they would continue to invest in construction activities and land acquisition where suitable opportunities arose. Prestige Estates is one of the leading Indian real estate developers and has delivered 313 projects spanning 206 million sq ft, with a pipeline of 128 projects across 195 million sq ft. The company reiterated its assessment that housing demand was driven by long term investment needs rather than short term speculation.

Infrastructure Transport

15 Jul 2026

Railways To Operate Over 300 Special Trains For Rath Yatra

Union Railway Minister Ashwini Vaishnaw announced that Indian Railways (IR) will operate more than 300 special trains for the annual Jagannath Rath Yatra in Odisha and over 100 special trains during the Onam festival in Keralam. He flagged off the Nanded–Mumbai and Tanakpur–Nanded Express trains and inaugurated the extension of the Tanakpur–Pilibhit service up to Shahjahanpur via video conference from Rail Sadan in Bhubaneswar. He noted that the summer season, which concluded on 30 June, had seen a record 15,000 special trains. Vaishnaw stated that the newly launched services are intende..

Infrastructure Transport

15 Jul 2026

Vande Bharat Express To Start From Tripura Soon

Tripura Chief Minister Manik Saha said the Vande Bharat Express will commence operations from Tripura in the coming days after he flagged off the Agartala–Karimganj MEMU service at Agartala Railway Station. He recalled the rail history of the state, noting that a metre-gauge service first arrived in 1964 and that broad gauge reached Agartala in 2008 following national projects and later upgrades under the Act East policy. The event was described as a milestone for regional connectivity and the MEMU was presented as the first electric passenger train to originate from Tripura.\n\nSaha said he..

Infrastructure Urban

15 Jul 2026

MEMU Suspension Disrupts Commuters Between Vadodara And Dahod

The Vadodara–Dahod Mainline Electric Multiple Unit (MEMU) service has been temporarily suspended for 26 days after its rake was diverted to Odisha to manage the surge in passenger traffic during the annual Rath Yatra in Puri. Indian Railways redeployed several MEMU rakes from different zones to meet the additional travel demand for the festival scheduled from the seventh of July to the second of August. As a result, train numbers 69233 and 69234 operating between Vadodara and Dahod will remain cancelled for the duration. Railway authorities advised passengers to use alternative train service..