HomeLatestMumbai Prestige Estates Targets Over Rs 1 Lakh Crore With Expanding Project...

Mumbai Prestige Estates Targets Over Rs 1 Lakh Crore With Expanding Project Pipeline

Prestige Estates Projects Ltd is positioning itself for robust growth with a strategic expansion of its real estate portfolio across major Indian markets. The Bengaluru-headquartered developer has set its sights on sales visibility exceeding Rs 1 lakh crore in the coming years, underpinned by fresh project additions and planned launches spanning multiple segments.

In the first half of FY26, Prestige added projects worth approximately Rs 33,000 crore to its pipeline. The company is preparing to launch a further Rs 57,000 crore worth of developments over the next few quarters, complemented by nearly Rs 20,000 crore of existing inventory. These initiatives form part of Prestige’s broader strategy to maintain a strong foothold across metropolitan and emerging cities, including Bengaluru, Mumbai, NCR, Pune, Hyderabad, and Chennai. A senior executive at Prestige noted, “Our multi-city presence and diversified landbank provide us with the flexibility to meet rising housing demand while optimising long-term growth. The current pipeline reflects our commitment to delivering both mid-segment and premium residential solutions with an emphasis on sustainable urban development.” Prestige currently holds close to 1,000 acres of land across India, positioning it to respond swiftly to evolving market demand. In FY25, the company recorded sales bookings of Rs 17,023.1 crore, a decline of 19 percent year-on-year largely attributable to regulatory delays and postponed project approvals. Total sales volume stood at 12.58 million square feet, slightly below the previous year’s levels. Industry analysts suggest that the dip is temporary, as the developer’s pipeline for FY26 remains robust.

The company has outlined 18 residential projects for the second half of FY26, with a combined estimated gross development value of Rs 27,200 crore. Early launches in markets such as Mumbai and Bengaluru have reportedly seen encouraging buyer response. An industry expert observed, “The combination of strategic locations, varied housing segments, and pre-launch visibility is likely to strengthen Prestige’s market perception and reinforce investor confidence.” Looking ahead, Prestige aims to sustain annual pre-sales in the range of Rs 45,000-Rs55,000 crore over the next four to five years. The developer’s approach combines careful geographic diversification with a focus on high-demand segments and sustainable design principles, aligning with broader trends in India’s real estate sector towards inclusive, eco-conscious urban growth.

Analysts note that maintaining operational efficiency and leveraging its extensive landbank will be key for Prestige to achieve its ambitious targets, particularly in a market where regulatory approvals and infrastructure development timelines can significantly influence delivery schedules.

Also Read: Chennai Hosts FICCI Summit Highlighting Well Planned Real Estate Infrastructure Growth Tamil Nadu

Mumbai Prestige Estates Targets Over Rs 1 Lakh Crore With Expanding Project Pipeline
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

India Domestic Kitchen Appliances Demand In India Projected To Surge By 2032

India Domestic Kitchen Appliances Demand In India Projected To Surge By 2032

0
India’s domestic kitchen appliances market is poised for robust expansion, with projections indicating growth from US$ 243.5 billion in 2025 to US$ 389.7 billion...
India Haier Appliances Plans Rs 3,500 Crore Manufacturing Expansion Projec

India Haier Appliances Plans Rs 3,500 Crore Manufacturing Expansion Project

0
India’s Haier Appliances is set to invest Rs 3,500 crore to establish a new manufacturing facility, marking a significant expansion of its domestic operations....
Kolkata Real Estate Legacy Unites Three Generations To Create Iconic Architectural Landmark

Kolkata Real Estate Legacy Unites Three Generations To Create Iconic Architectural Landmark

0
Kolkata is preparing to welcome one of its most ambitious residential developments, with a new luxury tower on Chowringhee Road signalling a shift in...
Delhi Expands Semicon India Programme Strengthening Full-Scale Semiconductor Design And Fabrication

Delhi Expands Semicon India Programme Strengthening Full-Scale Semiconductor Design And Fabrication

0
Delhi is rapidly advancing its semiconductor ambitions through the Semicon India Programme, aiming to build a complete chip ecosystem encompassing design, fabrication, assembly, testing,...
Maharashtra Sees 8316 Crore Electronics Parts Projects Boosting Home Appliance Production

Maharashtra Sees 8316 Crore Electronics Parts Projects Boosting Home Appliance Production

0
Maharashtra has emerged as a key hub for electronics parts manufacturing, drawing proposals worth ₹8,316 crore aimed at boosting production for home appliances and...