Prestige Group, the Bengaluru-based real estate major, is gearing up for a transformative financial year. With residential project launches worth over ₹50,000 crore in the pipeline for FY26, the developer is set to expand its presence across key Indian cities including Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Chennai, and Goa. This aggressive expansion strategy underlines Prestige Group’s ambition to dominate the premium and mid-segment housing markets while making strategic inroads into new territories like Pune, Noida, and Gurugram.
₹50,000 Crore Residential Launch Strategy for FY26
According to Praveer Srivastava, Senior Vice President at Prestige Group, the company is targeting residential launches with a gross development value (GDV) exceeding ₹50,000 crore during FY26. The plan includes ₹14,000–15,000 crore worth of launches by the end of Q1 FY26 alone.
Strategic Expansion Across India
Delhi-NCR: A High-Value Foray
Prestige’s entrance into the Delhi-NCR region marks a significant milestone. Key highlights:
- ₹12,000 crore Indirapuram residential project, with ₹9,500 crore already approved
- Upcoming Launches:
- Prestige Bougainvillea Gardens, Sector 150, Noida – Q1 FY26
- Prestige Imperium, KG Marg, Delhi – ultra-luxury, launching around Diwali, expected to command prices over ₹1 lakh/sq ft
“Two more marquee launches are planned… with ticket sizes expected to cross ₹1 lakh per sq ft,” said Srivastava.
Mumbai: High-End Urban Living
Mumbai will see launches worth ₹10,000 crore this fiscal, including:
- Apartments starting from ₹2 crore in Prestige City
- Ultra-luxury units up to ₹150 crore in Worli’s Nautilus
“We’re focusing on optimising apartment formats to cater to both premium and mid-segment buyers,” Srivastava explained.
Chennai: Affordable Yet Premium
Prestige aims to launch ₹3,000–3,500 crore worth of projects in Chennai:
- Prestige Pallavaram Gardens by end-June
- A new project in Madhavaram by Q3
- Partnership with Arihant Developers to identify further opportunities
“Chennai offers attractive pricing at ₹10,000–11,000 per sq ft,” Srivastava noted.
Hyderabad: Scaling Luxury and Mid-Range
- ₹10,000 crore launch plan
- New luxury project in Banjara Hills priced at ₹8–10 crore
- Expansions in existing townships and exploration of new land parcels
“The ₹1–2 crore price range with larger 3,000–4,000 sq ft units is in high demand,” he added.
Goa: Emerging as a Leisure-Luxury Hub
- ₹3,000 crore launches in Q2 FY26
- Focus on premium apartments and villas
Quick Highlights Table
| City | Planned GDV (₹ Cr) | Key Projects | Pricing Focus |
|---|---|---|---|
| Delhi-NCR | 12,000+ | Indirapuram, Bougainvillea Gardens, Prestige Imperium | ₹1 lakh+/sq ft (luxury segment) |
| Mumbai | 10,000 | Prestige City, Nautilus, Worli | ₹2 crore – ₹150 crore |
| Chennai | 3,000–3,500 | Pallavaram Gardens, Madhavaram | ₹10,000–11,000/sq ft |
| Hyderabad | 10,000 | Banjara Hills, township extensions | ₹1–2 crore for 3,000–4,000 sq ft |
| Goa | 3,000 | High-end villas and apartments | Leisure-luxury |
| Pan-India (Q1) | 14,000–15,000 | Multi-city launches planned by end-Q1 FY26 | Various segments |
New Markets on the Horizon
Looking beyond its existing six-city portfolio, Prestige Group is eyeing rapid entry into:
- Pune
- Gurugram
- Noida
These cities are expected to be part of the next wave of expansion, backed by market potential and rising demand.
“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,” Srivastava emphasized.
FAQ Section
1. What is the total value of residential projects Prestige Group plans to launch in FY26?
Prestige Group aims to launch over ₹50,000 crore worth of residential projects during FY26 across multiple Indian cities.
2. Which markets are the main focus areas for Prestige Group’s expansion?
Key focus markets include Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Chennai, and Goa.
3. What is unique about Prestige Group’s entry into Delhi-NCR?
It includes marquee projects like Prestige Imperium in KG Marg with ticket sizes exceeding ₹1 lakh per sq ft and major developments in Noida and Indirapuram.
4. Are there any new cities Prestige is exploring for expansion?
Yes, Prestige is exploring Pune, Gurugram, and Noida for potential new residential launches.
5. What price segments is Prestige Group targeting in FY26?
The group is largely targeting the ₹2–3 crore range but is also launching ultra-luxury developments in elite locations.