Prestige Group Announces INR 10,000 Crore Investment

Prestige Group, a leading player in the Indian real estate sector, has announced an ambitious investment plan of INR 10,000 crore by the end of FY25. This significant commitment underscores the company’s confidence in the sector’s growth potential and its aggressive expansion strategy. A significant portion of the investment, amounting to INR 3,000 crore, will be allocated for acquiring additional land parcels in strategic locations across India.

The remaining INR 7,000 crore is earmarked for the construction and development of upcoming residential projects. The company’s expansion plans are focused on high-growth urban centers including Delhi-NCR, Goa, Hyderabad, Mumbai, Chennai, and Bengaluru. Notably, over 70% of the total sales value and approximately 75% of the new project launches will be concentrated in South India, reflecting the region’s robust demand for premium residential properties.

In terms of financial targets, Prestige Group is aiming to achieve a sales value of INR 25,000 crore by FY25. The anticipated revenue from its upcoming launches, quantified as the Gross Development Value (GDV), is projected to reach nearly INR 60,000 crore. The company’s inventory was valued at INR 10,000 crore in terms of GDV, indicating a strong pipeline of projects that are expected to contribute to this ambitious growth trajectory. Prestige Group’s strategy aligns with the broader trends in the Indian real estate market, where demand for high-quality residential spaces continues to rise, particularly in metropolitan areas.

The company’s focus on expanding its footprint in both established and emerging markets reflects its commitment to catering to the evolving needs of homebuyers and investors alike. With this INR 10,000 crore investment plan, Prestige Group is poised to enhance its leadership position in the residential real estate sector, driving substantial value for stakeholders while setting new benchmarks in the industry. The company’s aggressive approach to land acquisition and project development is expected to yield significant returns, further consolidating its market presence across India’s key urban centers.