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.