July 5, 2026 |
Prestige Estates to invest Rs 15,000 cr this fiscal in housing, commercial projects
Realty firm Prestige Estates Projects will invest around Rs 15,000 crore this fiscal in the construction of residential and commercial projects across South India, Mumbai Metropolitan Region and Delhi-NCR.
Bengaluru-based Prestige Estates is one of the leading real estate developers in the country. It achieved a record sales bookings of Rs 30,024 crore during the 2025-26 fiscal, up 76 per cent from the preceding year.
“We will be investing Rs 14,000-15,000 crore this fiscal on construction,” Prestige Estates Projects Executive Director Zayd Noaman told PTI.
Noaman said the company is focusing a lot on scaling up construction activities to ensure the timely execution of projects.
Out of the projected construction spend, he estimated around Rs 9,500-10,000 crore for housing projects and Rs 4,500-5,000 crore for commercial projects, including office complexes and shopping malls.
Even during the 2025-26 fiscal, he said, the total construction spend was around Rs 13,500 crore.
“Overall, we remain focused on disciplined growth, calibrated expansion and timely execution, strengthening our annuity portfolio while continuing to create long-term value for all our stakeholders,” Noaman said.
On the operational side, Prestige Group Chairman Irfan Razack had last month told PTI that the company is targeting to achieve Rs 35,000-36,000 crore of sales bookings or pre-sales during the 2026-27 fiscal.
The company has a launch pipeline of around Rs 58,000 crore for the current fiscal across major cities, but the actual launch would depend on government approvals, Razack had said.
Last fiscal, Prestige Estates launched 32 million sq ft area with sales bookings potential of Rs 27,350 crore.
Recently, Prestige Estates Projects reported a two-fold jump in its net profit to Rs 1,195.5 crore for the last fiscal from Rs 467.5 crore in 2024-25.
The total income rose to Rs 13,195.5 crore during 2025-26 against Rs 7,735.5 crore in the preceding year.
Prestige Estates Projects Ltd has a presence across all major cities.
Since its inception, the group has delivered 313 projects spanning 206 million sq ft.
It has a pipeline of 128 projects across 195 million sq ft.
Source: The Economic Times
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