Prestige Estates to launch Rs 40k cr worth homes for sale in H2 of FY27, up 2.5 times from Apr-Sep
Executive Brief • Key Highlights
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- ✓Prestige Estates Projects Ltd will launch residential properties worth Rs 40,000 crore in the second half of this fiscal year.
- ✓Chairman Irfan Razack said, "We have a substantial launch pipeline of over Rs 40,000 crore planned." This move aims to boost sales momentum across major cities after a strong first half.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Prestige Estates Projects Ltd plans to introduce new residential developments valued at Rs 40,000 crore in the latter half of this fiscal year. The company experienced a remarkable 76 percent rise in sales bookings last year, totaling Rs 30,024 crore. For the current fiscal year, it aims for sales bookings between Rs 35,000 and Rs 36,000 crore.
Realty firm Prestige Estates Projects Ltd will launch residential properties worth Rs 40,000 crore in the second half of this fiscal year, a 2.5 times jump from April-September period, as it looks to encash festive demand.
In its latest operational update, Bengaluru-based Prestige Estates informed that residential launches for April-September of the 2026-27 fiscal year aggregated 23.14 million square feet with a revenue potential of over Rs 16,200 crore.
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