Prestige Estates Projects is set for a major push in West India, outlining a capital outlay of ₹8,000-10,000 crore over the next two to three years. The Bengaluru-based developer is sharpening its presence in the Mumbai Metropolitan Region (MMR) while preparing a strong entry into Pune.
Tariq Ahmed, chief executive officer, West India, Prestige Group, said the company has already rolled out ₹25,000 crore worth of residential launches in MMR and continues to scout opportunities in Pune.
Prestige currently has six ongoing residential projects covering 8.81 million sq ft valued at over ₹27,000 crore, along with three upcoming projects spanning 5.81 million sq ft and a 50-acre land parcel in Pune. “Over the next two years, we have visibility into probably over 15 projects that we can add. We are constantly looking at the business development pipeline and looking to add on,” Ahmed told.
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On the commercial side, Prestige has two projects underway totaling 7.71 million sq ft and aims to double this portfolio. The pipeline includes three office projects of 3.1 million sq ft and a retail development of around 2 lakh sq ft linked to its ₹10,000-crore Mulund township.
For FY25, Prestige reported revenue of ₹7,349.4 crore, while H1 FY26 stood at ₹4,739 crore. Sales in H1 FY26 touched ₹18,143.7 crore, with MMR contributing 16 per cent, led by strong uptake at Prestige Nautilus in Worli.
Ahmed said the West region contributes about 20 per cent of group revenue and is expected to rise to 20-25 per cent. The company plans to grow through redevelopment, the ₹2-5 crore housing segment, and its “Homes for All” strategy, with interest across Thane-Navi Mumbai, Goregaon, Borivali, Andheri, and Pune.
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