Prestige Eyes Rs420 Billion From FY26 Housing Launches
03 Jun 2025
1 Min Read
CW Team
Prestige Estates Projects Ltd plans to launch 25 residential developments across major Indian cities in the 2025鈥�26 fiscal year, with a projected revenue of over Rs420 billion. According to the company鈥檚 investor presentation, these projects will span 44.8 million square feet in Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, and Goa.
The Bengaluru-based developer is looking to capitalise on growing housing demand after a subdued 2024鈥�25, when regulatory delays affected project approvals and led to a dip in performance. In FY25, Prestige Estates launched 26.28 million square feet with a gross development value of Rs262.2 billion. However, sales bookings fell 19 per cent year-on-year to Rs170.2 billion鈥攕hort of the Rs240 billion target.
Sales volumes declined 38 per cent year-on-year to 12.58 million square feet, with 5,919 units sold. Despite this, average realisation for apartments, villas, and commercial assets rose by 36 per cent to Rs14,113 per square foot, while plot sales recorded a 50 per cent year-on-year increase to Rs7,167 per square foot.
Financially, Prestige Estates posted a net profit of Rs4.68 billion in FY25, down sharply from Rs13.74 billion the previous year. Total income also dipped to Rs77.4 billion from Rs94.3 billion. The group has completed over 300 projects to date and continues to develop large-scale properties across key urban centres.
Prestige Estates Projects Ltd plans to launch 25 residential developments across major Indian cities in the 2025鈥�26 fiscal year, with a projected revenue of over Rs420 billion. According to the company鈥檚 investor presentation, these projects will span 44.8 million square feet in Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, and Goa.The Bengaluru-based developer is looking to capitalise on growing housing demand after a subdued 2024鈥�25, when regulatory delays affected project approvals and led to a dip in performance. In FY25, Prestige Estates launched 26.28 million square feet with a gross development value of Rs262.2 billion. However, sales bookings fell 19 per cent year-on-year to Rs170.2 billion鈥攕hort of the Rs240 billion target.Sales volumes declined 38 per cent year-on-year to 12.58 million square feet, with 5,919 units sold. Despite this, average realisation for apartments, villas, and commercial assets rose by 36 per cent to Rs14,113 per square foot, while plot sales recorded a 50 per cent year-on-year increase to Rs7,167 per square foot.Financially, Prestige Estates posted a net profit of Rs4.68 billion in FY25, down sharply from Rs13.74 billion the previous year. Total income also dipped to Rs77.4 billion from Rs94.3 billion. The group has completed over 300 projects to date and continues to develop large-scale properties across key urban centres.
Next Story
Solarium To Launch Solar Module Unit In Gujarat
Solarium Green Energy Limited, a leading player in India鈥檚 rooftop solar segment, has announced its strategic re-entry into solar module manufacturing. The company plans to set up a fully automated, high-capacity manufacturing facility in Ahmedabad, Gujarat, with an annual output of 1,000 MW. The total estimated capital expenditure for the plant is around Rs 700 million, with additional working capital to be arranged in a 3:1 debt-to-equity ratio.This backward integration initiative is designed to strengthen Solarium鈥檚 control over critical components in its engineering, procurement and co..
Next Story
Inox Wind Energy To Merge With Inox Wind
The INOXGFL Group, a key player in India鈥檚 energy transition sector, announced that the National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the merger of Inox Wind Energy Ltd (IWEL) into Inox Wind Ltd (IWL). The order, dated 10 June 2025, paves the way for streamlining the group鈥檚 wind energy vertical and strengthening the financial and operational base of the consolidated entity.Following the merger, IWL will see a significant improvement in its balance sheet with a reduction in liabilities of approximately Rs 20.5 billion. The amalgamation is also expected to deliver enh..
Next Story
Hilton Develops India-Made Forged Railway Wheelsets
Hilton Metal Forging Ltd has successfully developed and manufactured indigenous Railway Forged Wagon Wheelsets, which have been inspected and approved by RITES, the Indian government鈥檚 quality assurance agency. Each wheelset includes two forged wheels and one forged axle, with every rail coach or wagon requiring four such wheelsets.The company aims to meet the growing demand from Indian railway wagon manufacturers and reduce reliance on Chinese imports. Under the 鈥淢ake in India鈥� initiative, Hilton plans to manufacture over 3,000 wheelsets in FY26 and scale up to more than 12,000 units in..
