Bengaluru-based Prestige Group has unveiled an aggressive expansion blueprint for FY26, with plans to launch residential projects worth over ₹50,000 crore in gross development value (GDV) across India. The move signals the real estate giant’s growing confidence in India’s urban housing market and marks a significant shift in focus toward premium and luxury housing in both metro cities and emerging markets.
From Bengaluru to Mumbai, Delhi-NCR to Goa, Prestige is banking on high-growth geographies and evolving customer demand to drive its residential portfolio forward.
Key Highlights by Region
1. North India: Major Foray into Delhi-NCR
- Prestige has entered Delhi-NCR with a massive ₹12,000 crore residential development in Indirapuram, of which ₹9,500 crore has already received approval.
- Upcoming launches:
- Prestige Bougainvillea Gardens in Sector 150, Noida – Q1 FY26
- Prestige Imperium, a super-luxury project on KG Marg, Delhi – Launch expected by Diwali 2025
- Notable feature: Prestige Imperium could see pricing over ₹1 lakh per sq ft, catering to India’s ultra-elite buyers.
“Two more marquee launches are planned, including Prestige Bougainvillea Gardens in Noida and Prestige Imperium in KG Marg,” said Praveer Srivastava, Senior VP at Prestige Group.
2. Mumbai: Luxury and Mid-Segment Balance
- Planned launches worth ₹10,000 crore
- Mix of high-end and mid-market offerings:
- Prestige City apartments starting at ₹2 crore
- Worli’s Nautilus ultra-luxury units priced at ₹150 crore
- Focus on premium apartment formats due to limited land availability.
“Mumbai’s luxury market is deep, but land costs don’t allow for villas,” noted Srivastava. “We’re optimizing apartment formats for both premium and mid-segment buyers.”
3. South India: Chennai, Hyderabad, and Goa in Focus
Chennai:
- FY26 pipeline: ₹3,000–3,500 crore
- Immediate projects:
- Prestige Pallavaram Gardens – Launch by end-June
- New project in Madhavaram – By Q3 FY26
- Partnership with Arihant Developers to scout new land parcels
- Market price range: ₹10,000–11,000 per sq ft
Hyderabad:
- Launches worth ₹10,000 crore
- New luxury project in Banjara Hills – Units priced at ₹8–10 crore
- Strong demand for 3,000–4,000 sq ft apartments in the ₹1–2 crore range
Goa:
- New launches worth ₹3,000 crore targeted for next quarter
- Focus on high-end villas and leisure homes, establishing Goa as a premium destination
4. Future Markets: Pune, Gurugram, and Noida
- Prestige is evaluating expansion into:
- Pune
- Gurugram
- Noida
- These markets are expected to support both mass and luxury housing models.
“We want to be in the ₹2–3 crore sweet spot—where most real demand is. But at the same time, we won’t shy away from landmark developments in India’s most elite locations,” Srivastava added.
Quick Summary Table
| City | Planned GDV (₹ Cr) | Key Projects & Highlights |
|---|---|---|
| Delhi-NCR | 12,000+ | Prestige Imperium (KG Marg), Bougainvillea Gardens (Noida) |
| Mumbai | 10,000 | Nautilus (Worli – ₹150 Cr units), Prestige City (₹2 Cr apartments) |
| Chennai | 3,000–3,500 | Pallavaram Gardens, new Madhavaram project |
| Hyderabad | 10,000 | Luxury project in Banjara Hills; township extensions |
| Goa | 3,000 | Premium villas and leisure homes |
| National Total | 50,000+ | FY26 target across six major cities and three upcoming new markets |
Frequently Asked Questions (FAQs)
Q1: How much is Prestige Group planning to launch in FY26?
A: The group is targeting a gross development value of over ₹50,000 crore in residential launches across India.
Q2: Which new markets is Prestige entering?
A: Prestige is exploring new opportunities in Pune, Gurugram, and Noida.
Q3: What are the highlights in Delhi-NCR for FY26?
A: Major launches include Prestige Bougainvillea Gardens in Noida and Prestige Imperium on KG Marg, Delhi.
Q4: What’s Prestige’s focus in Mumbai?
A: A ₹10,000 crore pipeline with a mix of luxury units in Worli and mid-premium apartments in Prestige City.
Q5: Is Prestige targeting the luxury market or mid-income buyers?
A: Both. While luxury remains a strong focus (e.g., ₹150 crore units in Mumbai), there’s a parallel thrust in the ₹2–3 crore segment, where most real demand lies.