Prestige Plans Major Project Launches Worth ₹42,120 Crore in FY27
Prestige Charts Expanded Launch Path for Fiscal 2026–27
Bengaluru-based Prestige Estates plans to launch 25 residential projects with 44.80 million sq ft of developable area and an estimated gross development value of ₹42,120 crore in fiscal 2026–27. The projects span Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR and Goa.
The announcement reflects a significant rebound in launch momentum after FY26 proved challenging. During 2024–25, the company launched fewer projects due to regulatory approval delays, with 26.28 million sq ft and a combined gross development value of ₹26,222.8 crore. Sales bookings declined 19 per cent to ₹17,023.1 crore, reflecting deferred launches amid approval delays.
Setting Targets for Continued Growth
Prestige Estates is targeting up to 20 per cent growth in pre-sales for FY27 to ₹36,000 crore, enthused by record sales bookings in the previous fiscal. Chairman and Managing Director Irfan Razack stated the company is witnessing strong demand for its residential properties.
Market conditions have shifted in the developer's favour. The company clocked sales bookings of ₹30,024 crore during 2025–26, up 76 per cent from the preceding year. Net profit jumped over two times to ₹1,195.5 crore last fiscal from ₹467.5 crore in 2024–25, while total income almost doubled to ₹13,195.5 crore from ₹7,735.5 crore.
Navigating External Headwinds
Even as demand strengthens, Prestige faces inflationary pressures. The company's construction costs have risen due to increased prices of key raw materials following the West Asia conflict in March. Still, the company has a strong launch pipeline across all major cities including Bengaluru, Mumbai Metropolitan Region and Delhi-NCR.
About Prestige Estates
Prestige Estates Projects Ltd is one of India's leading real estate developers, having delivered 313 projects spanning 206 million square feet with a pipeline of 128 projects across 195 million square feet. The group has a legacy of over three decades in real estate development and operates a diversified business model across residential, office, retail, hospitality, property management and warehouses, with operations in more than 13 major locations in India.
Despite global uncertainties, the company remains bullish on housing demand, positioning its expanded FY27 launch calendar as a catalyst for market share gains across its core and emerging geographies.