# Prestige Estates to ramp up property launches

> Prestige Estates targets ₹40,000 crore in property launches for H2 FY27.
- Title: Prestige Estates to ramp up property launches · mint
- Summary: Prestige Estates targets ₹40,000 crore in property launches for H2 FY27. Prestige Estates plans ₹40,000 crore in residential property launches across 5…
- Keywords: prestige estates, property launches, h2 fy27, residential projects, bengaluru, mumbai, delhi ncr, chennai, hyderabad, sales bookings, cpplib investment, hospitality expansion
- Source: mint — https://livemint.com/industry/infrastructure/prestige-estates-to-ramp-up-property-launches-2-5-times-to-40-000-crore-in-h2-fy27-which-cities-will-see-new-projects-11792510996795.html
- Author: Garvit Bhirani
- Published: 2026-10-20T17:31:56+00:00
- Read time: 1 min
- Topics: prestige estates, property launches, h2 fy27, residential projects, bengaluru, mumbai, delhi ncr, chennai, hyderabad, sales bookings, cpplib investment, hospitality expansion
## Prestige Estates launch target
Prestige Estates plans residential launches worth ₹40,000 crore across 5 cities in H2 FY27.

> We have a substantial launch pipeline of over ₹ 40,000 crore planned across Bengaluru, Mumbai, Delhi-NCR, Chennai, and Hyderabad over the next two quarters
## First-half sales performance
The company reported ₹13,804.3 crore in pre-sales during April, September and targets ₹35,000, 36,000 crore in sales bookings this fiscal year.
## Sales momentum
Razack said the company's residential business continues to see healthy demand with strong response to new launches.

> Our residential business continues to see healthy demand. What is particularly encouraging is the response to our new launches
## Hospitality investment
Prestige Hospitality Ventures Ltd secured ₹3,000 crore from CPPIB for a 27% stake.

> Hospitality is an important part of Prestige's long-term growth strategy
## CPPIB investment details
CPPIB invested ₹3,000 crore equivalent to 441 million Canadian dollars for a 27% stake in PHVL.
## Hospitality expansion plans
PHVL operates luxury hotels across major Indian cities with projects in Bengaluru, Chennai, Delhi, Goa, Hyderabad, and Mumbai.
## Razack's strategy
Razack stated hospitality expansion complements Prestige's development capabilities and market understanding.

> Their long-term investment approach complements our development capabilities and market understanding and together we look forward to creating a hospitality platform of scale
## Future outlook
Prestige aims to sustain sales momentum through festive-season demand and new project launches.
## Key takeaway

Prestige Estates plans ₹40,000 crore in residential property launches across 5 cities in H2 FY27, nearly 2.5 times first-half value.