restige Estates Projects Ltd has announced the launch of three residential projects during the first quarter of FY2026–27, with a combined estimated revenue potential of ₹12,000 crore. The launches reflect the developer’s continued focus on expanding its residential portfolio in key metropolitan markets amid sustained housing demand.
The newly launched residential developments are located in Hyderabad, Bengaluru, and Mumbai. In addition, the company has introduced a commercial project in Bengaluru, taking the total quarterly launch area to 20.16 million sq. ft. The commercial development alone accounts for nearly 3 million sq. ft. of developable space.
Commenting on the company’s growth strategy, Prestige Group Chairman and Managing Director Irfan Razack said the developer has a strong pipeline of premium residential launches planned across Mumbai, NCR, Bengaluru, and Chennai during the festive season. The company expects these upcoming projects to further strengthen its market position and support future sales growth.
For the April–June quarter, Prestige Estates reported sales bookings of ₹6,579.3 crore. Hyderabad emerged as the largest contributor, accounting for 49% of total sales, followed by Bengaluru (27%), Mumbai (12%), NCR (7%), and other markets (5%). The average realization for apartments stood at ₹11,193 per sq. ft., while plotted developments recorded an average realization of ₹8,043 per sq. ft.
Building on its record pre-sales performance of ₹30,024 crore in FY2025–26, Prestige Estates has set a sales bookings target of ₹35,000–36,000 crore for FY2026–27. The company has completed 316 projects covering 212 million sq. ft. and currently has a development pipeline of 135 projects spanning 227 million sq. ft., reinforcing its long-term expansion strategy across India’s major real estate markets.
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