Real Estate Stock Unveils ₹12,000 Crore Residential Projects Amid Strong Housing Demand

Prestige Estates Projects Ltd has launched three new residential projects with an estimated revenue potential of ₹12,000 crore during the April-June quarter (Q1 FY27), strengthening its residential portfolio amid continued demand for premium housing. The Bengaluru-based real estate developer also launched a commercial project during the quarter, taking the total developable area of new launches to 20.16 million square feet.

Despite a decline in quarterly pre-sales due to a high base effect, the company remains optimistic about demand and plans to launch several marquee residential projects during the upcoming festive season across key Indian property markets.

Prestige Estates Launches Residential Projects Across Three Cities

During the June quarter, Prestige Estates launched four projects, including three residential developments located in Hyderabad, Bengaluru and Mumbai, along with one commercial project in Bengaluru.

The company said the three housing projects together have an estimated revenue potential of ₹12,000 crore. The commercial project contributes to the company's growing office and mixed-use development portfolio.

Project Launch Highlights

Particular	Details
Total Projects Launched	4
Residential Projects	3
Commercial Projects	1
Residential Locations	Hyderabad, Bengaluru, Mumbai
Commercial Location	Bengaluru
Total Developable Area	20.16 million sq. ft.
Residential Revenue Potential	₹12,000 crore

Company Plans Major Festive Season Launches

Irfan Razack, Chairman and Managing Director of Prestige Group, said the company has a strong pipeline of premium residential launches planned across Mumbai, NCR, Bengaluru and Chennai during the festive season.

Earlier, the management had indicated that the company has a housing project pipeline worth around ₹60,000 crore, although the timing of project launches will depend on obtaining the necessary regulatory approvals.

The company expects these upcoming launches to support sales growth during FY27 as demand for premium residential properties remains healthy.

Q1 Sales Bookings Decline on High Base Effect

While new project launches remained strong, Prestige Estates' sales bookings declined during the June quarter due to a high base created by a large project launch in the corresponding period last year.

The company reported pre-sales of ₹6,579.3 crore during Q1 FY27, compared with ₹12,126.4 crore in the same quarter of the previous year, representing a 46% decline.

According to the company, the year-ago quarter included the launch of a large residential project in the Delhi-NCR region, which resulted in record quarterly sales.

Q1 FY27 Sales Performance

Metric	Q1 FY27	Q1 FY26
Sales Bookings (Pre-sales)	₹6,579.3 crore	₹12,126.4 crore
YoY Change	-46%	—

Hyderabad Leads Quarterly Sales

Among all markets, Hyderabad contributed the largest share of quarterly sales, accounting for 49% of total bookings.

Bengaluru contributed 27%, followed by Mumbai (12%), NCR (7%) and other markets contributing the remaining 5%.

The company also maintained healthy pricing across its projects, with average apartment realisation at ₹11,193 per square foot, while plotted developments achieved an average realisation of ₹8,043 per square foot.

Regional Sales Mix

Region	Contribution
Hyderabad	49%
Bengaluru	27%
Mumbai	12%
NCR	7%
Other Markets	5%

FY27 Sales Target Remains Strong

Following a record FY26 performance, Prestige Estates has set a pre-sales target of ₹35,000–36,000 crore for FY27.

The company achieved record sales bookings of ₹30,024 crore during FY26, representing a 76% increase over the previous financial year.

Management believes its extensive launch pipeline and expansion across key metropolitan cities will support future growth, subject to regulatory approvals.

Growth Snapshot

Particular	Value
FY26 Sales Bookings	₹30,024 crore
FY26 Growth	76%
FY27 Sales Target	₹35,000–36,000 crore
Launch Pipeline	₹60,000 crore (subject to approvals)

Company Overview

Prestige Estates Projects Ltd is one of India's leading real estate developers with operations across residential, commercial, retail, hospitality and mixed-use developments. The company has delivered 316 projects covering 212 million square feet and currently has a development pipeline of 135 projects spanning 227 million square feet across major Indian cities.

1. What has Prestige Estates announced?

Prestige Estates has launched three residential projects in Hyderabad, Bengaluru and Mumbai, with an estimated revenue potential of ₹12,000 crore, along with one commercial project in Bengaluru.

2. Why did Prestige Estates' Q1 sales bookings decline?

The company's Q1 FY27 pre-sales declined 46% year-on-year due to a high base effect, as the corresponding quarter last year included a large residential project launch in Delhi-NCR.

3. What is Prestige Estates' FY27 sales target?

The company has guided for sales bookings of ₹35,000–36,000 crore during FY27, supported by a strong pipeline of residential launches across major cities.

4. Which city contributed the highest sales for Prestige Estates?

Hyderabad accounted for 49% of the company's total sales bookings during the June quarter, making it the largest contributor among all operating markets.

5. What is Prestige Estates' project pipeline?

The company has delivered 316 projects covering 212 million square feet and currently has a pipeline of 135 projects spanning 227 million square feet, with a residential launch pipeline valued at approximately ₹60,000 crore, subject to approvals.