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Prestige Estates plans Rs 52,000-cr housing projects' launches by March, 2025

Monday, 18 Nov 2024
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Prestige Estates Projects plans to launch Rs 52,000 crore worth housing projects by March 2025, covering 53 million sq. ft. across Bengaluru, Hyderabad, Chennai, Goa, and Delhi-NCR. The company aims for Rs 24,000 crore in sales bookings for the financial year, having already achieved Rs 21,040 crore in FY 2023-24.

The company is focused on obtaining necessary approvals and RERA numbers for upcoming launches. In FY25, Rs 25,000 crore worth of projects will be launched in the second half,  and the remaining in the fourth quarter. The company's Executive Director, Zayd Noaman, said the gross development value of these projects launched during the first half of this FY stood at Rs 10,000 crore, of which the second quarter launches contributed to Rs 8,600 crore.

Prestige Group has diversified business model across various segments with operations in more than 13 major locations,and has 302 completed projects as of September, 2024.

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