Prestige Estates Projects expects to achieve a growth of 15% to 20% in FY27, backed by strong residential demand, aggressive project launches and continued expansion across key markets, senior company officials said during the earnings call.
The Bengaluru-headquartered real estate developer also plans a capital expenditure of around ₹4,000 crore to ₹4,500 crore during the current financial year, while allocating nearly ₹9,000 crore to ₹10,000 crore towards residential construction and development activities.
Executive Director Zayd Noaman said FY26 marked a landmark year for the company across its residential, commercial, retail and hospitality verticals.
“FY26 has been an important year for the company, marked by strong operational momentum across all our verticals. It also marks several important firsts for us as a company,” he said.
NCR Debut, Mumbai Milestone Drive Growth
The company launched its maiden residential project in the NCR market during FY26, generating sales of over ₹9,500 crore from a single project. Prestige Estates also achieved its first major residential completion in Mumbai during the year.
According to Noaman, these milestones underscore the company’s execution capabilities across multiple regions.
During FY26, Prestige Estates crossed the milestone of completing 200 million square feet across 300 projects since inception.
The company also reported its highest-ever annual sales bookings of over ₹30,000 crore in FY26, registering a growth of more than 76% year-on-year. The growth was supported by robust launches across major geographies, healthy market demand, disciplined execution and strong collections.
Massive launch pipeline across major cities
Prestige Estates has lined up multiple project launches across Bengaluru, Chennai, Mumbai, NCR and Hyderabad during FY27, with a gross development value (GDV) of nearly ₹58,000 crore. This is in addition to its existing inventory valued at around ₹19,000 crore.
The company has already kicked off FY27 with the launch of Prestige Golden Grove in Hyderabad’s Tellapur region, a ₹9,500 crore project that has witnessed strong customer response.
“The first quarter of FY27 started with a bang for us. We launched Prestige Golden Grove in Tellapur, Hyderabad, where we achieved sales of around ₹2,300 crore,” Noaman said.
Sales momentum expected to continue
Highlighting the company’s sharp growth trajectory, Noaman noted that Prestige Estates nearly doubled its annual sales from ₹17,000 crore to ₹30,000 crore in FY26, while collections reached an all-time high of ₹18,000 crore.
“Going forward, the base is now very high and very large. But we believe there is more room for growth and the teams remain focused. We should look at growth between 15% to 20%,” he added.
₹10,000 crore construction spend planned
On the investment front, the company expects to spend nearly ₹9,000 crore to ₹10,000 crore on residential construction and development activities during FY27.
In addition, Prestige Estates has earmarked around ₹4,500 crore for business development initiatives.
The company said business development spending was elevated in FY26 due to strategic acquisitions, including one land parcel in Hyderabad and three land parcels in Chennai, involving government and corporate-owned properties.
Management indicated that the FY27 allocation would support future expansion opportunities while maintaining project execution momentum across key markets.