Prestige Estates Set to Launch Rs 52,000 Crore Housing Projects Across Bengaluru, Hyderabad, Chennai, Goa, and Delhi-NCR by March 2025

Prestige Estates Projects is all set to launch a massive portfolio of housing projects worth INR 52,000 crore by March 2025, covering a sprawling 53 million sq. ft. across key cities such as Bengaluru, Hyderabad, Chennai, Goa, and Delhi-NCR. This significant move is part of the company’s strategic expansion plan in India’s booming real estate market. The company aims to achieve a substantial INR 24,000 crore in sales bookings for the ongoing financial year, having already made remarkable progress with INR 21,040 crore in FY 2023-24.

Expansion Plans and Project Details

In the fiscal year 2025, Prestige Estates Projects plans to launch INR 25,000 crore worth of projects during the second half of the year, with the remaining portion set to be unveiled in the fourth quarter. The first half of FY25 has already seen successful launches, contributing INR 10,000 crore in gross development value (GDV). Notably, the second-quarter launches alone accounted for INR 8,600 crore in GDV, highlighting the company’s successful strategy and robust market response.

Approval Process and RERA Registrations

Prestige Estates is focusing on obtaining the necessary approvals and RERA numbers for its upcoming launches to ensure smooth execution and compliance with regulatory norms. This rigorous process underlines the company’s commitment to transparency and reliability in its operations. As the housing market continues to show strong demand across these major regions, the company is keen on delivering high-quality residential spaces that meet the diverse needs of homebuyers.

A Diverse Business Model and Major Milestones

With a diversified business model that spans over various real estate segments, Prestige Estates operates in more than 13 major locations across India. As of September 2024, the company has completed an impressive 302 projects, cementing its reputation as a leading player in the Indian real estate market. This growth trajectory is a testament to the company's strong operational capabilities and its adaptability to changing market dynamics.

Looking Ahead: A Promising Future for Prestige Estates

The future looks bright for Prestige Estates as it prepares for this grand-scale launch. With projects across Bengaluru, Hyderabad, Chennai, Goa, and Delhi-NCR, the company is well-positioned to capture a significant share of India’s real estate market, catering to the growing demand for quality housing. The upcoming launches are expected to further solidify Prestige Estates' position as one of the leading real estate developers in the country.

Highlights:

• INR 52,000 crore worth housing projects to be launched by March 2025
• Projects will cover 53 million sq. ft. across Bengaluru, Hyderabad, Chennai, Goa, and Delhi-NCR
• INR 24,000 crore sales bookings target for FY 2024-25
• INR 21,040 crore sales bookings achieved in FY 2023-24
• INR 25,000 crore worth of projects scheduled for launch in the second half of FY25
• 302 completed projects as of September 2024, across 13 major locations in India
• Focus on obtaining RERA approvals for upcoming launches

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