Prestige Group has expanded its residential footprint by launching three new housing projects across Bengaluru, Hyderabad and Mumbai during the April to June quarter. Together, these developments have an estimated revenue potential of ₹12,000 crore, highlighting the company's confidence in India's leading urban housing markets. As part of its quarterly expansion, Prestige Estates Projects introduced four new developments with a combined developable area of 20.16 million square feet. While three are residential projects in Bengaluru, Hyderabad and Mumbai, the fourth is a commercial development in Bengaluru spanning approximately 3 million square feet.
The latest launches are expected to contribute to the continued development of these fast growing cities by adding new residential options and supporting ongoing urban expansion. Bengaluru, Hyderabad and Mumbai continue to attract professionals, businesses and investors, creating sustained demand for quality housing. The new projects are expected to strengthen the residential ecosystem while complementing the cities' infrastructure and economic growth.
Prestige Group has also outlined an ambitious roadmap for the coming months. Chairman and Managing Director Irfan Razack said the company is preparing several marquee launches across Mumbai, NCR, Bengaluru and Chennai during the festive season. The developer also maintains a residential launch pipeline worth nearly ₹60,000 crore, subject to regulatory approvals.
During the quarter, the company recorded sales bookings of ₹6,579.3 crore. Hyderabad contributed the largest share of sales at 49 percent, followed by Bengaluru with 27 percent and Mumbai with 12 percent, demonstrating the continued strength of these residential markets. Prestige Estates achieved average apartment realizations of ₹11,193 per square foot, while plotted developments recorded an average realization of ₹8,043 per square foot.
With a target of ₹35,000-36,000 crore in sales bookings for the current financial year and a development pipeline of 135 projects covering 227 million square feet, Prestige Group continues to expand its presence across India's major metropolitan regions. The latest launches are expected to support long term urban growth while offering new opportunities for homebuyers and investors alike.
1. Which cities has Prestige Group launched its new housing projects in?
Prestige Group has launched three new residential projects in Bengaluru, Hyderabad, and Mumbai during the April-June quarter, with a combined revenue potential of ₹12,000 crore.
2. What is the total value of Prestige Group's new residential launches?
The three newly launched housing projects have an estimated revenue potential of ₹12,000 crore, making them one of the company's major residential launches this financial year.
3. What types of projects did Prestige Group launch this quarter in Bengaluru, Hyderabad, and Mumbai?
Prestige Group launched three residential projects across Bengaluru, Hyderabad, and Mumbai, along with one commercial project in Bengaluru.
4. What other projects does Prestige Group plan to launch?
Prestige Group has announced plans to launch additional residential projects in Mumbai, NCR, Bengaluru, and Chennai during the festive season, subject to regulatory approvals.
5. What is Prestige Group's sales target for the current financial year?
Prestige Group aims to achieve ₹35,000-36,000 crore in sales bookings during the current financial year, building on its strong pipeline of residential developments across India.
