Prestige Group Targets Record ₹36,000 Crore Pre-Sales In Fy27 With ₹60,000 Crore Launch Pipeline Across Bengaluru Mumbai And Delhi-NCR As Cmd Irfan Razack Outlines Growth Strategy
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Prestige Group Targets Record ₹36,000 Crore Pre-Sales In Fy27 With ₹60,000 Crore Launch Pipeline Across Bengaluru Mumbai And Delhi-NCR As Cmd Irfan Razack Outlines Growth Strategy

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Prestige Group Targets Record ₹36,000 Crore Pre-Sales in FY27 With ₹60,000 Crore Launch Pipeline

Prestige Estates Projects Ltd, India's Bengaluru-headquartered real estate developer, has announced an ambitious growth strategy for fiscal year 2026-27 (FY27). The company is targeting pre-sales of ₹36,000 crore, representing approximately 20% growth over FY26's record ₹30,024 crore in sales bookings. Backing this target is a robust launch pipeline valued at ₹60,000 crore across major Indian metros. Chairman and Managing Director Irfan Razack outlined this expansion strategy in recent interviews, emphasizing strong housing demand despite global uncertainties. The company will focus launches across Bengaluru, Mumbai Metropolitan Region (MMR), and Delhi-NCR—three markets that collectively drove the majority of Prestige's FY26 performance.

Impact on Homebuyers

This aggressive expansion significantly benefits homebuyers across India's major metros. A ₹60,000 crore launch pipeline translates to substantial new inventory entering the market, offering buyers more choice in configurations, price points, and locations. Prestige's FY26 track record—delivering 313 projects across 206 million square feet—demonstrates execution capability, reducing delivery risk for buyers. However, the company acknowledged that construction costs have risen due to raw material price increases following the West Asia conflict in March 2026. This cost inflation may put mild upward pressure on project pricing, though Prestige's strong financial position (PAT doubled to ₹1,195.5 crore in FY26) suggests the company can absorb some cost increases without fully passing them to buyers. For buyers in Bengaluru, Mumbai, and Delhi-NCR, expect a flurry of new launches in Q1 and Q2 FY27, with pricing firming up as premium projects hit the market.

Expert Analysis

Prestige's FY27 guidance reflects confidence in sustained residential demand, even as analyst consensus expects broader sector growth to moderate. Emkay Global Financial Services forecasts 15–20% pre-sales growth for tier-1 developers like Prestige in FY27, down from the exceptional 76% growth achieved in FY26. Jefferies, however, trimmed its FY27 pre-sales growth forecast to approximately 6% year-on-year, citing geopolitical headwinds and higher interest rates. Prestige's 20% guidance sits between these forecasts, signaling management confidence but also acknowledging near-term market challenges. The ₹60,000 crore pipeline—comprising ₹25,000 crore in ongoing projects and ₹35,000 crore in new launches—demonstrates the developer's shift from a South-centric brand to a national player. Delhi-NCR's 45% contribution to H1 FY26 sales underscores the success of this geographic diversification strategy, particularly with flagship projects like Prestige City in Indirapuram (which sold ₹8,000+ crore from an ₹11,000 crore offering).

What to Expect Next

Q1 FY27 (April–June 2026) will likely see major project announcements and launches, particularly in Delhi-NCR and Mumbai, where Prestige is aggressively expanding. The company has ₹128 projects in its pipeline across 195 million square feet, providing ample inventory to support the ₹36,000 crore pre-sales target. Prestige plans to launch residential projects in Gurgaon, Delhi, and Noida, along with high-rise towers in Bengaluru and a 5,000+ apartment complex in Hyderabad's Kollur. Collections momentum—₹1.85 lakh crore in FY26—will be critical to monitor; strong collections enable continued capex (the company plans ₹8,000–10,000 crore investment in West India alone). Watch for any regulatory approval delays, which historically impacted Prestige's FY25 performance.

Key Markets and Comparable Context

Delhi-NCR: Prestige City Indirapuram Extension (₹8,000+ crore sold; now launching Phase 2). Prestige's NCR strategy mirrors DLF and Godrej Properties' expansion into premium townships. Pricing in comparable Ghaziabad projects ranges ₹2.5–4.5 crore for 2–3 BHK apartments.

Mumbai: Prestige Nautilus (₹2,385.7 crore in sales within one month of launch); Prestige Garden Trail on Mira Road (₹2,000 crore GDV). Mumbai's luxury segment (₹2–5 crore+) remains Prestige's highest-margin market, competing with Lodha, Oberoi Realty, and Godrej Properties.

Bengaluru: Prestige Southern Star (₹1,382.1 crore in Q4 FY25 sales); upcoming high-rise towers and plotted development (₹7,500 crore GDV). Bengaluru's mid-to-premium segment (₹80 lakh–₹2 crore) remains Prestige's largest volume driver.

Hyderabad: Prestige Golden Grove (₹2,500+ crore in sales, 1,700+ bookings post-launch); new 5,000-apartment complex in Kollur (₹7,500 crore GDV). Hyderabad's 25–30% YoY price growth makes it Prestige's fastest-appreciating market.

Pune & West India: Prestige plans ₹8,000–10,000 crore capex for MMR and Pune expansion, signaling intent to tap the emerging Pune residential boom.

Financial Strength & Risk Factors

Prestige's balance sheet remains robust. FY26 saw net profit jump 112.8% to ₹1,195.5 crore; total income nearly doubled to ₹13,195.5 crore. The company holds CRISIL DA1+ rating (India's only real estate developer with this distinction) and ICRA A+ (Stable), reducing default risk. However, risks exist: (1) geopolitical tensions and material cost inflation could compress margins; (2) higher interest rates (50 bps cited by Jefferies) may dampen end-user demand; (3) regulatory approval delays (which hit FY25) could defer launches; (4) execution risk on 128-project pipeline—delays in even 10–15% of projects would materially impact FY27 guidance.

Buyer Sentiment & Market Reception

Prestige's FY26 performance reflects strong buyer confidence. The company achieved record collections (₹1.85 lakh crore) and maintained healthy absorption across all segments. Golden Grove in Hyderabad's rapid sell-out (₹2,500 crore in weeks) and Nautilus in Mumbai (₹2,385.7 crore in one month) demonstrate sustained demand for branded, quality housing. However, Prestige itself noted that buyers have become "more discerning," preferring established developers over smaller players—a consolidation trend favoring Prestige. Buyer forums highlight consistent delivery timelines and quality execution as Prestige's key differentiators, though some note that price premiums over smaller competitors have widened, reducing affordability for first-time buyers.

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How this page was written

This article was drafted by The RealtyPromoo Research Team with research support from artificial intelligence. AI assisted in gathering and summarizing information from primary news sources and official statements, and the final content was reviewed by our editor before publishing. News pages are timestamped at the time of writing and are not updated after publication.

Sources consulted: Primary press releases & company statements · Tier-1 business news (Economic Times, Livemint, Moneycontrol, Business Standard) · BSE / NSE corporate disclosures · Government notifications · State RERA filings (where relevant).

Published: 15 June 2026 · Spot an error? Let us know

Projects mentioned in this article

Prestige Golden Grove New Launch

Prestige Golden Grove

by Prestige Group

Tellapur–velimela–kollur, West Hyderabad, Hyderabad

₹93 L – ₹2.40 Cr+

2 BHK, 3 BHK, 4 BHK

RERA Possession March 2031
Prestige Evergreen New Launch

Prestige Evergreen

by Prestige Group

Varthur, Whitefield, Bangalore

₹1.1 Cr – ₹4.25 Cr

1 BHK, 2 BHK, 3 BHK, 3.5 BHK, 4 BHK

RERA Possession June 2030
Prestige Park Grove Under Construction

Prestige Park Grove

by Prestige Group

Seegehalli, Whitefield, Bangalore

₹65 L – ₹3.5 Cr

1 BHK, 2 BHK, 3 BHK, 4 BHK Apartments, 4 BHK Duplex Villas

RERA Possession December 2027
Prestige Bougainvillea Garden Sector 150 Noida Pre-Launch

Prestige Bougainvillea Garden Sector 150 Noida

by Prestige Group

Sector 150, Noida

₹1.8 Cr onwards (indicative starting price); upper range unconfirmed — broker materials suggest up to ₹6.5 Cr+ for 4 BHK

2 BHK, 3 BHK, 4 BHK (confirmed; some channel partners cite 2 & 3 BHK only in active inventory — 4 BHK availability should be flagged as unconfirmed at launch stage)

Prestige City Hyderabad Rajendra Nagar Under Construction

Prestige City Hyderabad Rajendra Nagar

by Prestige Group

Bellagio Villas Phase 1 launched · Apartments under construction · Forum Mall (7-acre commercial) upcoming

Rajendra Nagar, Hyderabad

₹1.42 Cr - ₹3.16 Cr (Apartments); Villas from ₹10.62 Cr

2 BHK, 3 BHK, 3.5 BHK, 4 BHK Apartments + 5 BHK Villas

RERA Possession October 2028
Prestige City Mulund Mumbai Project Under Construction

Prestige City Mulund Mumbai Project

by Prestige Group

Bellanza under construction (possession Dec 2026) · Forest Hills new launch (possession Dec 2029-30) · Siesta launched

Mulund West, Mumbai

₹2.0 Cr - ₹7.05 Cr

2 BHK, 2.5 BHK, 3 BHK, 4 BHK

RERA Possession December 2026
Lodha Premier Dombivli Mumbai Under Construction

Lodha Premier Dombivli Mumbai

by Lodha Group

Foresta A/B/H/I — Nov 2025 · Fiora A/B/C — Nov 2025 · Foresta C/D/G — Apr 2026

Dombivli East (manpada / Kalyan-shil Road), Mumbai

₹53 Lakh - ₹1.54 Cr

1 BHK, 2 BHK, 3 BHK

RERA Possession November 2025
Prestige Ocean Towers South Mumbai Under Construction

Prestige Ocean Towers South Mumbai

by Prestige Group

Ocean Towers North (P51900053993) launched Dec 2023 · Ocean Towers South (P51900066470) under construction, completion Dec 2030

Marine Lines, South Mumbai, Mumbai

₹22.63 Cr - ₹35 Cr

4 BHK, 5 BHK, 6 BHK Villaments

RERA Possession December 2030
Bombay Realty Three ICC Dadar Mumbai New Launch

Bombay Realty Three ICC Dadar Mumbai

by Bombay Realty (bombay Dyeing — Wadia Group)

One ICC & Two ICC delivered · Three ICC Wing A new launch · Wings B & C upcoming

Dadar East, Island City Center, Mumbai

₹5.75 Cr - ₹30 Cr

3 BHK, 4 BHK, 4.5 BHK, 5 BHK

RERA Possession December 2030
Sattva Bk Halli Bengaluru Pre-Launch

Sattva Bk Halli Bengaluru

by Sattva Group

Bandikodigehalli, Aerospace Park, Bangalore

₹85 Lakh - ₹2.4 Cr (indicative)

2 BHK, 3 BHK, 4 BHK

Possession Expected December 2030
Sumadhura Panorama Devanahalli Bengaluru Under Construction

Sumadhura Panorama Devanahalli Bengaluru

by Sumadhura Infracon Pvt. Ltd. (sumadhura Group)

Phase 1 (50 acres, 539 plots) under development · Phase 2 launching on remaining ~50 acres

Devanahalli, Bangalore

₹79 Lakh - ₹1.65 Cr

1200 sq.ft, 1500 sq.ft, 1800 sq.ft, 2400 sq.ft villa plots (3000 & 4000 sq.ft on request)

RERA Possession December 2027
Lodha Mirabelle Hebbal Bengaluru Under Construction

Lodha Mirabelle Hebbal Bengaluru

by Lodha Group

Phase 1 under construction (9 acres) · Phase 2 newly launched (19.3 acres, possession 2030)

Hebbal, Bangalore

₹1.49 Cr - ₹5.43 Cr

2 BHK, 3 BHK, 3.5 BHK, 4 BHK

RERA Possession December 2030
Embassy Developments Bengaluru Residential Projects New Launch

Embassy Developments Bengaluru Residential Projects

by Embassy Group

Embassy Springs plots ready · Embassy Verde Phase I sold-out · Greenshore & Verde Phase II RERA approved · 4 more launches in FY26

Devanahalli, Bangalore

₹1.27 Cr - ₹3.05 Cr

2 BHK, 3 BHK, 3.5 BHK, 4 BHK

RERA Possession December 2031
Brigade Oasis Devanahalli Bengaluru Under Construction

Brigade Oasis Devanahalli Bengaluru

by Brigade Group

Phase 1 sold out · Phase 2 sold out · Phase 3 under construction

Devanahalli, Bangalore

₹89 Lakhs – ₹2.80 Crores

Residential Plots: 30×40 (1,200 sq.ft.), 30×50 (1,500 sq.ft.), 40×60 (2,400 sq.ft.), Garden Plots (2,550 sq.ft.+)

RERA Possession December 2026
Lodha Hosa Road Bengaluru New Launch

Lodha Hosa Road Bengaluru

by Lodha Group

Phase 1 new launch · Phase 2 new launch

Hosa Road, HSR Extension, Bangalore

₹2.30 Cr - ₹5.78 Cr

3 BHK, 3.5 BHK, 4 BHK

RERA Possession June 2030
Wadhwa Wise City Panvel Navi Mumbai Under Construction

Wadhwa Wise City Panvel Navi Mumbai

by Wadhwa Group

Early phases (RZ8 South Block) delivered/ready · Mid phases under construction, possession Dec 2026 · New towers (Aravya, RZ-03) recently launched

Old Panvel (bhingarwadi, Old Mumbai-pune Highway), Navi Mumbai

₹64 L - ₹3.69 Cr

1 RK, 1 BHK, 2 BHK, 2.5 BHK, 3 BHK, 3 BHK Bungalow, 4 BHK Bungalow, Plots

RERA Possession December 2026
Prestige Park Drive Devanahalli Bengaluru Ready to Move

Prestige Park Drive Devanahalli Bengaluru

by Prestige Group

Phase 1 (215 plots) complete · Phase 2 complete · Phase 3 expected

Devanahalli, Bangalore

₹45.60 Lakh - ₹1.65 Cr

Villa Plots: 30×40, 30×50, 40×60, 50×80 (1200–2400 sq.ft.)

RERA Possession March 2022
Lodha Crown Taloja Navi Mumbai Under Construction

Lodha Crown Taloja Navi Mumbai

by Lodha Group

Jasmine & Orchid towers Ready to Move · Violet towers partially ready/under construction · Pearl towers under construction

Taloja, Navi Mumbai

₹29.99 L - ₹52 L

1 BHK, 2 BHK

RERA Possession Ready to Move (select phases)
Prestige Raintree Park Varthur Bengaluru Under Construction

Prestige Raintree Park Varthur Bengaluru

by Prestige Group

Phase 1 (21 acres, 18 towers, 1,520 units) under construction · Phase 2 — Prestige Evergreen (24 acres, 14 towers, 2,000 units) new launch

Varthur, Whitefield, Bangalore

₹2.9 Cr - ₹6.3 Cr

3 BHK, 3.5 BHK, 4 BHK, 4.5 BHK, 5 BHK

RERA Possession December 2028
Brigade El Dorado KIADB Aerospace Park Bengaluru Under Construction

Brigade El Dorado KIADB Aerospace Park Bengaluru

by Brigade Group

Phase 1 (Gallium, Helio) ready · Phases 2–3 (Jasper, Iridium, Feldspar, Krypton) delivered/near complete · Newer towers (Emerald, Luminaire, Aurum, Dioro, Beryl, Cobalt) under construction · Possession ongoing in phases through Dec 2026–Jun 2028

KIADB Aerospace Park, Bagalur, Bangalore

₹49 L - ₹1.06 Cr

1 BHK, 2 BHK, 3 BHK

RERA Possession December 2026
Bhartiya Nikoo Homes 7 Sadahalli North Bengaluru New Launch

Bhartiya Nikoo Homes 7 Sadahalli North Bengaluru

by Bhartiya Group

Phase 1 RERA registered (PRM/KA/RERA/1251/472/PR/260825/008038) · Phase 2 RERA registered (PRM/KA/RERA/1251/309/PR/060925/008064) · Overall township spans ~29 acres

Sadahalli, Bangalore

₹1.34 Cr - ₹2.86 Cr

Studio, 1 BHK, 1.5 BHK, 2 BHK, 2.5 BHK, 3 BHK, 3.5 BHK, 4 BHK, Loft, Row Houses, Villas

RERA Possession August 2030
Assetz Marq Whitefield Bengaluru Under Construction

Assetz Marq Whitefield Bengaluru

by Assetz Property Group

Phase 1 & 2 ready · Phase 3A near completion (Feb 2026 target) · Phase 3B under construction (Jul 2027)

Whitefield, Bangalore

₹1.65 Cr - ₹3.50 Cr

3 BHK, 4 BHK

RERA Possession July 2027
Prestige Fernvale Sarjapur Road Bengaluru New Launch

Prestige Fernvale Sarjapur Road Bengaluru

by Prestige Group

Phase 1–5 (earlier enclaves) operational or under construction · Fernvale = Phase 6, new launch Mar 2026

Kodathi, Sarjapur Road, Bangalore

₹1.29 Cr - ₹2.50 Cr

2 BHK, 3 BHK

RERA Possession March 2030
Brigade Belvedere New Launch

Brigade Belvedere

by Brigade Group

Phase 1 (2 towers, 773 units) new launch · Phases 2–5 (3 remaining towers, 977 units) to follow

Budigere Cross, Whitefield, Bangalore

₹95 L – ₹2.54 Cr

1 BHK, 2 BHK, 3 BHK, 3.5 BHK

RERA Possession December 2031
Sattva City New Launch

Sattva City

by Sattva Group

13 towers released in phases · Foundation work underway for first 3 towers · Full township completion February 2032

Doddajala, Airport Road (nh-44), Bangalore

₹1.82 Cr – ₹9.6 Cr

2 BHK, 2.5 BHK, 3 BHK, 3.5 BHK, 4 BHK, Penthouses

RERA Possession February 2032
Sattva Sumera Parel Mumbai New Launch

Sattva Sumera Parel Mumbai

by Sattva Group

Tower 1 launched · Tower 2 timelines to be announced

Parel, Mumbai

₹3.59 Cr - ₹7.10 Cr

2 BHK, 3 BHK

RERA Possession December 2031

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