Prestige Estates Projects Ltd., one of India’s leading real estate developers, has announced plans to launch 25 residential projects across major cities in FY26, with an estimated gross development value of ₹42,120 crore.
Key Highlights of Prestige Group’s Expansion
- Massive Residential Portfolio: The projects will span 44.80 million sq ft of developable area across Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, and Goa.
- Strong Market Demand: The expansion comes amid rising consumer demand, following a 19% decline in sales bookings last fiscal due to regulatory delays.
- Premium Pricing Growth: The average realization for apartments, villas, and commercial properties has surged 36% YoY to ₹14,113 per sq ft, while plot sales have seen a 50% YoY increase.
- Financial Performance: Despite setbacks, Prestige Estates remains India’s top real estate player, having developed over 300 projects to date.
Impact on India’s Real Estate Market
Prestige Group’s ambitious expansion signals strong investor confidence in India’s housing sector. With urbanization accelerating, the company aims to capitalize on premium residential demand while addressing affordability concerns.
Looking Ahead
As Prestige Group gears up for record-breaking launches, industry experts anticipate higher sales volumes and strong revenue growth in FY26. The company’s ability to navigate regulatory challenges will be crucial in maintaining its market leadership.
For more updates on India’s real estate sector, stay tuned!
