Prestige Group Launches 14 Mn sft across Key Markets in Q4 with Total GDV of Rs 161,338 Mn

Prestige Estates Projects Limited, one of India's leading real estate developers, announced a series of successful residential launches during the fourth quarter of FY25, spanning key cities and catering to a wide range of homebuyers.

The quarter saw the launch of four projects across Bengaluru, Mumbai, and Hyderabad, covering a total developable area of 14.03 million square feet, comprising 4,548 units, with an aggregate Gross Development Value (GDV) of Rs 1,61,338 million.

Though the larger project launches took place towards the latter part of the quarter, we were able to clock impressive sales before the quarter end, meaningfully contributing to the quarter's overall performance. This reflects not only the strong underlying demand but also the enduring trust customers place in the Prestige brand.

Flagship launches such as Prestige Nautilus in Mumbai clocked Rs 23,857 million in sales within a month, while Prestige Southern Star in Bengaluru and Prestige Spring Heights in Hyderabad achieved Rs 13,821 million and Rs 11,101 million in sales respectively, in the last few days of the quarter.

These projects cater to a wide spectrum of buyers-from mid-segment and aspirational housing to premium and luxury residences. Looking ahead, Prestige Group is gearing up to build on this momentum with a robust pipeline of launches planned across Bengaluru, NCR, Chennai, and Mumbai in the upcoming months.

Commenting on the launches, Mr. Irfan Razack, Chairman and Managing Director, Prestige Group, said: "We are pleased with the enthusiastic response our Q4 launches have received across geographies and customer segments. While the year posed certain challenges on the approvals front, we made every effort to navigate them responsibly and bring these diverse offerings to market. The success of these launches is a reflection of our team's resilience, the strength of our product, and the enduring trust that customers place in the Prestige name."

Shares of Prestige Estates Projects Limited was last trading in BSE at Rs. 1079.20 as compared to the previous close of Rs. 1087.55. The total number of shares traded during the day was 18032 in over 1929 trades.

The stock hit an intraday high of Rs. 1095.40 and intraday low of 1064.20. The net turnover during the day was Rs. 19437301.00.

Source : Equity Bulls

Keywords

PrestigeEstatesProjects INE811K01011 Realty NewProjects Q4FY25