+
Prestige Unveils Three Housing Projects With Rs 120 bn Potential
ECONOMY & POLICY

Prestige Unveils Three Housing Projects With Rs 120 bn Potential

Prestige Estates Projects said it launched three residential projects during the April-June quarter with a combined revenue potential of Rs 120 billion (bn).

The Bengaluru-based firm reported that it launched four projects with a combined developable area of 20.16 million square feet (mn sq ft), of which three are residential in Hyderabad, Bengaluru and Mumbai and one is a commercial project of 3 million sq ft (mn sq ft) in Bengaluru. The company presented the launches as part of an expansion plan responding to strong housing demand.

It reported that sales bookings declined 46 per cent to Rs 65.793 bn in the quarter, which was attributed to a high base effect, while bookings in the year-ago period stood at Rs 121.264 bn. The firm noted that a large project launched in Delhi-NCR in the June quarter of 2025-26 had previously supported record pre-sales. Hyderabad continued to be the largest regional contributor to quarterly sales.

Regional contributions comprised 49 per cent from Hyderabad, 27 per cent from Bengaluru, 12 per cent from Mumbai, seven per cent from the National Capital Region and five per cent from other markets. The company recorded an average realisation of Rs 11,193 per sq ft for apartments and Rs 8,043 per sq ft for plotted developments. Prestige reported record sales bookings of Rs 300.24 bn in the 2025-26 fiscal, a rise of 76 per cent year on year.

It said it has a launch pipeline worth Rs 600 bn but that actual launches will depend on government approvals. The group has delivered 316 projects spanning 212 million square feet (mn sq ft) and has a pipeline of 135 projects across 227 million square feet (mn sq ft). The firm set a target of Rs 350-360 bn in sales bookings for the 2026-27 fiscal and indicated that marquee launches during the festive season across Mumbai, the National Capital Region, Bengaluru and Chennai are expected to strengthen growth momentum.

Prestige Estates Projects said it launched three residential projects during the April-June quarter with a combined revenue potential of Rs 120 billion (bn). The Bengaluru-based firm reported that it launched four projects with a combined developable area of 20.16 million square feet (mn sq ft), of which three are residential in Hyderabad, Bengaluru and Mumbai and one is a commercial project of 3 million sq ft (mn sq ft) in Bengaluru. The company presented the launches as part of an expansion plan responding to strong housing demand. It reported that sales bookings declined 46 per cent to Rs 65.793 bn in the quarter, which was attributed to a high base effect, while bookings in the year-ago period stood at Rs 121.264 bn. The firm noted that a large project launched in Delhi-NCR in the June quarter of 2025-26 had previously supported record pre-sales. Hyderabad continued to be the largest regional contributor to quarterly sales. Regional contributions comprised 49 per cent from Hyderabad, 27 per cent from Bengaluru, 12 per cent from Mumbai, seven per cent from the National Capital Region and five per cent from other markets. The company recorded an average realisation of Rs 11,193 per sq ft for apartments and Rs 8,043 per sq ft for plotted developments. Prestige reported record sales bookings of Rs 300.24 bn in the 2025-26 fiscal, a rise of 76 per cent year on year. It said it has a launch pipeline worth Rs 600 bn but that actual launches will depend on government approvals. The group has delivered 316 projects spanning 212 million square feet (mn sq ft) and has a pipeline of 135 projects across 227 million square feet (mn sq ft). The firm set a target of Rs 350-360 bn in sales bookings for the 2026-27 fiscal and indicated that marquee launches during the festive season across Mumbai, the National Capital Region, Bengaluru and Chennai are expected to strengthen growth momentum.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Emiza Expands Bhiwandi Fulfilment Capacity by 2.32 Lakh Sq Ft

Emiza, a leading third-party logistics (3PL) provider, has expanded its Mumbai operations with the launch of two new fulfilment facilities in Bhiwandi, adding a combined capacity of 2.32 lakh sq ft to its network.The new facilities, spread across 75,000 sq ft and 1,57,000 sq ft, mark Emiza’s fifth and sixth warehouses in the Mumbai region. The expansion strengthens the company’s fulfilment infrastructure in Western India amid the rapid growth of India’s digital commerce ecosystem.With increasing online consumption, wider product categories and rising customer expectations for faster deli..

Next Story
Infrastructure Urban

Ingersoll Rand Showcases Air Solutions for Semiconductor Sector

Ingersoll Rand will showcase its advanced compressed air solutions for India’s growing semiconductor ecosystem at SEMICON India 2026, scheduled from September 17–19 at Yashobhoomi, New Delhi.The company will display its portfolio of oil-free compressors, centrifugal compression technologies and advanced air treatment systems at Stall No. 1156, Hall No. 1. The solutions are designed to address the stringent air quality, reliability and efficiency requirements of semiconductor manufacturing applications.With India accelerating investments across semiconductor manufacturing, packaging, equipm..

Next Story
Infrastructure Energy

RECPDCL Transfers Musalgaon Transmission SPV to MSETCL

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over Musalgaon Power Transmission Limited, a project-specific Special Purpose Vehicle (SPV), to Maharashtra State Electricity Transmission Company Limited (MSETCL).MSETCL emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for developing Maharashtra’s intra-state transmission project on a Build, Own, Operate and Transfer (BOOT) basis.The SPV was handed over by Shri Ratnesh Kumar, General Manag..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code