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Prestige Estates Projects Ltd plans to invest between INR 14,000 crore and INR 15,000 crore in construction activities during FY27, with expenditure directed towards residential and commercial developments across South India, the Mumbai Metropolitan Region and Delhi-NCR. The Bengaluru-based developer intends to allocate the majority of the capital towards housing projects, while continuing work on office and retail developments. The planned investment follows a record FY26 in which the company achieved sales bookings of INR 30,024 crore. Prestige is also targeting annual pre-sales of up to INR 36,000 crore this financial year, supported by a project launch pipeline valued at around INR 58,000 crore, subject to regulatory approvals.
Prestige Estates Projects Ltd plans to invest between INR 14,000 crore and INR 15,000 crore in construction during FY27 as it accelerates the execution of residential and commercial developments across South India, the Mumbai Metropolitan Region (MMR) and Delhi-NCR. The planned capital expenditure follows a record year for the Bengaluru-based developer, which reported its highest-ever annual sales bookings during FY26.
Executive Director Zayd Noaman said the company expects to spend around INR 14,000–15,000 crore on construction activities during the current financial year. Of the proposed investment, approximately INR 9,500–10,000 crore has been earmarked for residential developments, while INR 4,500–5,000 crore will be allocated towards commercial projects, including office complexes and shopping malls.
According to Noaman, Prestige Estates is increasing construction activity to support the timely execution of ongoing developments across its portfolio. He noted that the company had incurred construction expenditure of around INR 13,500 crore during FY26, reflecting the continued expansion of its development pipeline.
He added that the company remained focused on disciplined growth, calibrated expansion and timely project execution, while continuing to strengthen its annuity portfolio alongside its residential business.
The proposed construction investment comes after Prestige Estates reported record sales bookings of INR 30,024 crore in FY26, representing a 76 per cent increase over the previous financial year. The company attributed the growth to strong demand across its residential portfolio and an expanding presence in key property markets.
Last month, Group Chairman Irfan Razack said the developer is targeting sales bookings of INR 35,000–36,000 crore during FY27. He stated that the company has a launch pipeline with an estimated gross development value of around INR 58,000 crore across major cities, although the timing of individual project launches will depend on the receipt of statutory approvals.
During FY26, Prestige Estates launched projects with a combined development area of 32 million sq ft and an estimated sales potential of INR 27,350 crore.
The company also reported a significant improvement in its financial performance during FY26. Net profit increased to INR 1,195.5 crore from INR 467.5 crore in the previous financial year, while total income rose to INR 13,195.5 crore from INR 7,735.5 crore.
Prestige Estates has a presence across major Indian property markets and develops residential, commercial and hospitality projects. Since its inception, the company has completed 313 projects covering 206 million sq ft and currently has a pipeline of 128 projects spanning approximately 195 million sq ft.
Source - PTI
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