Bengaluru-based Prestige Group, one of India's leading real estate developers, plans to launch two new housing projects in Delhi-NCR this fiscal with an estimated revenue potential of nearly Rs 7,000 crore as part of its expansion strategy. In April last year, the company entered the Delhi-NCR residential market with its first project, Prestige City Indirapuram, which had a total revenue potential of around Rs 12,000 crore.
In an interview with PTI, Prestige Estates Chairman Irfan Razack said the company remains highly optimistic about the Delhi-NCR market, highlighting that it achieved sales bookings of around Rs 10,000 crore in the region during the last fiscal. He added that the company plans to launch one housing project each in Noida and Gurugram during the current financial year.
The two upcoming developments will have a combined developable area of nearly 8 million sq ft, with an estimated revenue potential of approximately Rs 6,800 crore, according to the company's latest investor presentation. The company's debut NCR residential project, Prestige City Indirapuram, received an overwhelming response, generating over Rs 9,500 crore in pre-sales within its first year of launch.
Looking at its nationwide pipeline, Razack said Prestige Group plans to launch projects worth around Rs 58,000 crore across major Indian cities during the current fiscal. However, the actual number of launches will depend on the timely receipt of government approvals. He emphasized that faster project approvals not only support the real estate sector but also create employment opportunities and contribute to overall economic growth.
During the previous financial year, Prestige Estates launched projects spanning 32 million sq ft, with a sales booking potential of Rs 27,350 crore. For the current fiscal, the company has set a sales bookings target of approximately Rs 35,000–36,000 crore.
Financial Performance
Prestige Estates Projects recently reported a strong financial performance, with its net profit more than doubling to Rs 1,195.5 crore in FY 2025-26 from Rs 467.5 crore in the previous fiscal. The company's total income increased to Rs 13,195.5 crore, compared with Rs 7,735.5 crore a year earlier.
Bengaluru-based Prestige Group has established itself as one of India's leading real estate developers, having delivered 313 projects covering over 206 million sq ft. The company also has a robust pipeline of 128 projects spanning approximately 195 million sq ft, reinforcing its long-term growth strategy across key Indian real estate markets
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