Prestige plans ₹40,000 crore of launches across five cities in six months
The developer's second-half pipeline is about 2.5 times its April-September launches, and it depends on government approvals.
Key points
- Prestige Estates plans residential launches with a gross development value of ₹40,000 crore between October 2026 and March 2027.
- The pipeline is about 2.5 times the ₹16,200 crore of launches made in April-September, and no projects have been named.
- Bengaluru made up 41% of first-half sales; the FY27 booking target is ₹35,000-36,000 crore.
- The company said the number of projects it brings to market depends on government approvals.
Prestige Estates Projects plans residential launches worth ₹40,000 crore between October 2026 and March 2027, the Bengaluru-based developer said on 27 October 2026. The figure is a gross development value, the total sales value of the projects at full build-out.
The launches are planned across Bengaluru, Mumbai, Delhi-NCR, Chennai and Hyderabad. The company has not yet named any project or split the pipeline by project.
How the pipeline compares
In April to September, Prestige launched projects covering 23.14 million square feet, with revenue potential above ₹16,200 crore. The second-half pipeline is roughly 2.5 times that value.
The company's operational update to the NSE on 13 October 2026 covered the quarter and half year ended 30 September 2026. Residential pre-sales for the first half of FY27 were ₹13,804.3 crore.
Q2 pre-sales rose 20% year on year to ₹7,225 crore. Nomura Research had estimated ₹6,000 crore for the quarter, so the company beat that estimate.
For context, Prestige booked a record ₹30,024 crore of sales in FY26, up 76%. Its FY27 sales booking target is ₹35,000-36,000 crore.
Where the demand sits
Bengaluru made up 41% of first-half sales. Hyderabad contributed 32%, Mumbai 12%, Chennai 8% and other markets 7%.
Average realisation was ₹12,375 per sq ft in Q2 and ₹11,618 per sq ft for the half. Customer collections were ₹5,294 crore in Q2.
The Bengaluru market is also growing. The city recorded 27,968 housing sales in H1 2026, up 5% year on year, while new launches rose 4% to 34,749 units. Knight Frank described it as the fastest-growing housing market among India's eight largest cities in that period.
Average residential prices in Bengaluru rose to ₹9,354 per sq ft. South Bengaluru accounted for 36% of new launches and 34% of sales in H1 2026, while North Bengaluru recorded double-digit growth in both.
The metro had reached 96 km across three operational lines with 83 stations by 2025, and the Yellow Line opened in August 2025. The Peripheral Ring Road and the Satellite Town Ring Road are improving links to emerging corridors.
What buyers and investors should watch
The company has not disclosed project locations, prices or buyer terms for the new launches, so buyers cannot yet compare offers. It has also said the number of projects it brings to market depends on government approvals.
In July, the company had cited a ₹60,000 crore housing pipeline on the same basis. That figure is not directly comparable with the ₹40,000 crore outlined now.
Chairman Irfan Razack said demand for housing remains healthy and that the upcoming projects should help keep sales momentum going through the festive season. Nomura Research said it expects the launch momentum of Prestige Estates to improve significantly.
The number to watch is the ₹35,000-36,000 crore booking target, set against ₹13,804.3 crore booked in the first half.
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