PRESTIGE CITY PUNE — New Project Coming Up in Pune Metropolitan Region, Pune
Prestige Group Enters Pune Residential Market with Prestige City Pune
Prestige Group announced plans to enter the Pune real estate market in 2024 by launching 1 million square feet of residential units with revenue potential of Rs 750 crore to Rs 1,000 crore. Prestige City Pune represents the developer's inaugural residential offering in the city.
Project Overview
Prestige City Pune is a luxury apartment project offering spacious 2 & 3 BHK homes. Possession is expected in December 2029. The project is designed for residential living within the fast-growing Pune Metropolitan Region.
Developer Track Record
Prestige Group has completed more than 310 projects spanning over 202 million sq. ft. The company operates across 13 major Indian cities and has established a strong presence in residential, commercial, and retail segments across India's leading metros.
Prestige is the only Indian real-estate developer to hold CRISIL DA1+ rating (reaffirmed March 2026), the highest financial grade for property developers in India. Post-RERA, the company's on-time possession track record has been strong—typically within 3–6 months of the RERA-committed date. Approximately 90% of ongoing projects are on-schedule or ahead of schedule.
Pune's Real Estate Growth
Pune is increasingly being viewed as one of India's strongest real estate investment destinations in 2026, supported by expanding employment opportunities, large-scale infrastructure development and sustained residential demand across multiple micro-markets.
The city hosts several major business districts, including Hinjewadi IT Park, EON IT Park, Magarpatta, Kharadi IT Hub, Talawade IT Zone and the Baner-Balewadi commercial corridor. Prestige's focus in Pune will be areas preferred by the IT and tech crowd that can identify with the brand because of its presence in Bengaluru.
The Pune Metro project is transforming urban mobility. Corridors such as Hinjewadi–Shivajinagar and Vanaz–Ramwadi are already influencing nearby property values. The proposed Pune Ring Road will enhance connectivity between outer suburbs and industrial zones, unlocking real estate potential in peripheral areas such as Talegaon, Wagholi, and areas around PCMC.
Prestige's Pan-India Presence
Prestige Group was founded in 1986. Over the decades, the group has built landmark homes, malls, offices, hotels, and townships across major cities like Bengaluru, Chennai, Hyderabad, Mumbai, Goa, and Pune. Prestige operates a substantial commercial, retail and hospitality portfolio including the UB City premium retail destination in Bengaluru, the Forum mall chain (13 completed malls totalling 10 million sqft), Marriott / Hilton / Sheraton-branded hotels, and IT-park developments leased to Fortune 500 occupiers.
Record FY26 sales bookings reached ₹30,024 Cr—the highest in the company's history, reflecting strong market demand for the developer's projects nationwide.