Prestige Estates launches 20.16 million sq ft projects with ₹12,000 crore revenue potential

Prestige Estates Projects has launched four new real estate developments with a combined developable area of 20.16 million square feet, reinforcing its focus on expanding across India’s high-growth property markets. The latest launches include three residential projects in Bengaluru, Hyderabad and Mumbai, along with a commercial development in Bengaluru, reflecting the company’s balanced approach to residential and commercial real estate.

According to the company’s latest operational update, the three residential projects together have an estimated revenue potential of ₹12,000 crore. The commercial project, located in Bengaluru, spans nearly 3 million square feet and is expected to strengthen the developer’s commercial portfolio in one of India’s fastest-growing business hubs.

Despite a slower first quarter in terms of sales bookings, Prestige remains optimistic about the months ahead. During the April to June quarter, the company recorded sales bookings of ₹6,579.3 crore. While this represented a decline compared to the same period last year, the previous year’s performance had been supported by the launch of a major residential project in the Delhi-NCR region, creating a higher base for comparison.

Hyderabad emerged as the strongest contributor to quarterly sales, accounting for nearly half of the total bookings. Bengaluru continued to remain a significant market, followed by Mumbai, the National Capital Region and other cities. The company also maintained healthy average realisations across both apartment and plotted developments, reflecting sustained demand for quality residential projects in major urban centres.

Chairman and Managing Director Irfan Razack said the company has lined up several marquee project launches across Mumbai, NCR, Bengaluru and Chennai during the upcoming festive season. These launches are expected to support the company’s growth momentum as it targets higher pre-sales during the current financial year.

Prestige Estates has set a sales booking target of ₹35,000 crore to ₹36,000 crore for FY27 after reporting record pre-sales of ₹30,024 crore in the previous financial year. With a strong project pipeline, continued expansion into key metropolitan markets and a diversified portfolio, the Bengaluru-based developer is positioning itself to benefit from India’s sustained demand for premium residential and commercial real estate.