Bengaluru-based Prestige Estates Projects will invest around ₹15,000 crore this fiscal in the construction of residential and commercial projects across South India, Mumbai Metropolitan Region and Delhi-NCR. According to PTI, Executive Director Zayd Noaman announced this substantial investment commitment as part of the company's expansion strategy. "We will be investing ₹14,000-15,000 crore this fiscal on construction," Noaman told PTI, emphasizing the company's focus on scaling up construction activities to ensure timely project execution.
In a significant development, Prestige Estates has entered into an investment agreement to acquire a 50% stake in Advent Convention and Hotels International Ltd. for up to ₹504 crore in cash, as reported in a regulatory filing. This strategic acquisition represents the company's expansion into the hospitality sector, complementing its existing residential and commercial real estate portfolio.
Prestige Estates achieved a record sales bookings of ₹30,024 crore during the 2025-26 fiscal, representing a 76% increase from the preceding year. According to the company's announcement, this strong performance demonstrates the company's market position and execution capabilities in the real estate sector. The company also launched 32 million sq ft area with sales bookings potential of ₹27,350 crore during the last fiscal.
Looking ahead, Prestige Group Chairman Irfan Razack has set ambitious targets for the 2026-27 fiscal. As reported by PTI, the company is targeting to achieve ₹35,000-36,000 crore of sales bookings or pre-sales during the upcoming fiscal. The company maintains a launch pipeline of around ₹58,000 crore for the current fiscal across major cities, though actual launches will depend on government approvals.
Recently, Prestige Estates Projects reported strong financial results for the last fiscal. According to the company's announcement, net profit jumped two-fold to ₹1,195.5 crore for the last fiscal from ₹467.5 crore in 2024-25. Total income rose significantly to ₹13,195.5 crore during 2025-26 against ₹7,735.5 crore in the preceding year. The company has delivered 313 projects spanning 206 million sq ft since its inception and maintains a pipeline of 128 projects across 195 million sq ft.
