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

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement