Prestige Estates Targets Up to ₹36,000 Crore Sales Bookings in FY27 Amid Strong Housing Demand

Prestige Estates Projects Ltd has set an ambitious target of achieving sales bookings of ₹35,000 crore to ₹36,000 crore during FY27, reflecting confidence in India’s residential real estate market despite ongoing global economic uncertainties and rising construction costs.

The Bengaluru-based real estate developer is aiming for a 15 to 20 per cent increase in pre-sales over its record performance in FY26. The company had reported its highest-ever sales bookings of ₹30,024 crore during the last financial year, registering a remarkable 76 per cent year-on-year growth.

According to the company, housing demand continues to remain resilient across key urban markets. Homebuyers are increasingly viewing residential properties as long-term assets, supporting sustained demand even amid fluctuations in economic conditions.

To achieve its FY27 growth target, Prestige Estates has lined up an extensive pipeline of new project launches with a combined value of approximately ₹60,000 crore. These developments are planned across major markets including Bengaluru, Mumbai Metropolitan Region and Delhi-NCR. The timing of project launches will depend on regulatory approvals and project readiness.

The company believes infrastructure development, urban expansion and growing employment opportunities continue to support residential demand across India’s leading cities. Bengaluru remains a key focus market, while Mumbai and Delhi-NCR are expected to contribute significantly to future growth.

Despite facing higher construction costs due to increases in the prices of key building materials following geopolitical tensions in West Asia, Prestige Estates remains committed to project execution and strategic land acquisitions. The developer continues to evaluate opportunities that align with its long-term growth plans.

Apart from residential projects, Prestige Estates maintains a strong presence in commercial office spaces, retail developments and hospitality assets. This diversified portfolio provides additional growth opportunities across different real estate segments.

The company recently reported a more than two-fold increase in net profit to ₹1,195.5 crore in FY26, while total income nearly doubled to ₹13,195.5 crore. With a development pipeline of 128 projects covering approximately 195 million square feet, Prestige Estates remains one of India’s largest and most active real estate developers.