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Prestige Estates Plans Rs 42,000 Crore Residential Rollout in FY26

Analysts say improved operating leverage fueled by higher per-sq-ft realizations will underpin the company’s rebound.

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Prestige Estates Projects Ltd will launch multiple housing projects across major cities this fiscal year with an estimated revenue of more than ₹42,000 crore. (Representational photo)

Overview

  • The firm will launch 25 residential projects across Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR and Goa, covering 44.8 million sq ft with a gross development value of Rs 42,120 crore.
  • Regulatory approval delays in FY25 limited new launches and contributed to a 19% fall in sales bookings to Rs 17,023.1 crore.
  • Net profit tumbled to Rs 467.5 crore and total income fell to Rs 7,735.5 crore in FY25.
  • Average realizations for apartments, villas and commercial units climbed 36% year-on-year to Rs 14,113 per sq ft.
  • Jefferies and Morgan Stanley forecast growth driven by a robust pre-sales pipeline and enhanced operating efficiencies.