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Prestige Estates plans to invest around ₹15,000 crore this year to build residential and commercial projects across South India, Mumbai and Delhi-NCR.
Real estate news: Bengaluru-based Prestige Estates Projects plans to invest around ₹15,000 crore during the current financial year to speed up construction work across its residential and commercial projects.
The investment will be used for developments in key markets, including South India, the Mumbai Metropolitan Region (MMR), and Delhi-NCR.
According to Prestige Estates Projects Executive Director Zayd Noaman, the company expects to spend around ₹14,000-15,000 crore on construction activities this fiscal.
Out of the total construction budget, around ₹9,500-10,000 crore will be allocated towards residential projects.
The remaining ₹4,500-5,000 crore will be invested in commercial developments, including office spaces and shopping malls.
The company said increasing construction activity is a major focus area as it aims to complete projects on time and improve execution efficiency.
During the previous financial year (FY26), Prestige Estates had spent around ₹13,500 crore on construction activities.
Zayd Noaman said the company will continue to follow a balanced growth strategy with a focus on controlled expansion, timely project completion, and strengthening its long-term business portfolio.
The developer is also working on expanding its annuity income portfolio, which includes commercial assets that generate regular rental income.
Prestige Estates is aiming for strong sales growth in the current financial year.
Prestige Group Chairman Irfan Razack had earlier said the company is targeting ₹35,000-36,000 crore in sales bookings or pre-sales during FY27.
The company has a launch pipeline of around ₹58,000 crore across major Indian cities.
However, the actual launch schedule will depend on receiving the necessary government approvals.
In FY26, Prestige Estates launched around 32 million sq ft of projects with a sales potential of approximately ₹27,350 crore.
The real estate developer reported a significant rise in profit during FY26.
The company's net profit increased more than two times to around ₹1,195.5 crore compared with ₹467.5 crore in FY25.
Its total income also increased to approximately ₹13,195.5 crore in FY26 from ₹7,735.5 crore in the previous financial year.
The company also recorded its highest-ever sales bookings of ₹30,024 crore in FY26, registering a growth of around 76% compared with the previous year.
Prestige Estates Projects has a presence across several major Indian cities and develops projects across residential, commercial, and hospitality segments.
Since its establishment, the company has delivered 313 projects covering around 206 million sq ft.
Currently, Prestige Estates has a development pipeline of 128 projects spread across nearly 195 million sq ft.
The company's portfolio includes luxury and premium housing projects, office spaces, shopping malls, and hospitality developments across India.
