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The Prestige Group, a well-known Bengaluru real estate developer, is about to initiate one of its largest developments ever. With a gross development value (GDV) of ₹50,000 crore, the Prestige Group is ready to unveil a string of residential development launches in key markets over FY26. It's a multibillion-dollar opportunity for the Prestige Group to transform urban living in India at a time when the Indian real estate market is exploding.
Key Highlights of Prestige Group’s FY26 Plans
The Prestige Group has plans to launch residential projects worth ₹50,000 crores in cities such as Bengaluru, Delhi-NCR, Mumbai, Chennai, Hyderabad, and Goa in FY26.
Praveer Srivastava, Senior Vice President of Prestige Group, stated the company plans to launch projects worth ₹14,000–15,000 crore by end of Q1 FY26 alone. This is another leap in the company's growth and serves as an achievable goal for the company to deliver product varieties for a large population of home-buyers with diversified needs.
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Major Focus Areas for FY26
Delhi-NCR
One of the Prestige Group's biggest announcements this year is its move into Delhi-NCR. It has already launched a residential project of ₹12,000 crore in Indirapuram, of which ₹9,500 crore has been approved for development. Schreifler has identified at least two more new projects, which are:
- Prestige Bougainvillea Gardens in Noida (Sector 150): To launch in Q1 FY26 - this project will provide a modern living space for families.
- Prestige Imperium in KG Marg, Delhi: Being a super-luxury development which is expected to have units selling for ₹1 lakh per sq. ft launched around Diwali.
Mumbai
Prestige Group is going to undertake projects to the tune of ₹10,000 crore throughout Mumbai with diversified offerings:
- Premium apartments at ₹2 crore within Prestige City.
- Ultra-luxury homes at ₹150 crore in Nautilus, Worli.
These are all part of Mumbai's deep luxury housing market that covers a wide range of housing available to both the mid-segment and the high-end luxury buyer.
Chennai
In Chennai, the Prestige Group expects to invest ₹3,000-3,500 crore with a focus on affordable luxury.
- Prestige Pallavaram Gardens: Launching by the end of June.
- Another project with strong potential in Madhavaram, planned for Q3 FY26.
Hyderabad
Hyderabad will reap benefits from ₹10,000 crore of launches, which include premium residences in Banjara Hills, costing between ₹8–10 crore. This city continues to be a major growth powerhouse with a distinct demand for larger homes, estimated to be in the price range of ₹1–2 crore.
Goa
Goa is rapidly rising as an important market for Prestige Group, with ₹3,000 crore of planned launches. The company aims to concentrate on high-end apartments and luxury villas targeting the leisure-luxury segment of the market.
Expansion Beyond Established Markets
The Prestige Group is also exploring opportunities in new cities, including Pune, Gurugram, and Noida. These markets present immense growth potential, and the company aims to position itself within the ₹2–3 crore price range—ideal for mid-segment buyers. At the same time, the developer plans to continue its legacy of landmark developments in elite locations.
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Market Impact and Strategic Vision
The Prestige Group’s bold strategy for FY26 underscores its leadership in the residential real estate sector. By targeting diverse markets and offering a range of properties, from premium to ultra-luxury, the company aims to meet the evolving needs of modern homebuyers. Its projects are expected to set new benchmarks in design, quality, and innovation, reinforcing its position as a market leader.
Conclusion
With a ₹50,000 crore launch agenda, the Prestige Group is set to innovate the Indian residential real estate sector. The combination of formulating market expansion strategy and a focus on varied resident requirements is creating distinquishing living environments for lifestyles. The Prestige Group's developments planned in FY26 are a unique opportunity for owners and investors.
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Ans 1. The Prestige Group, a leading name in Indian real estate, has announced an ambitious plan to launch residential projects worth ₹50,000 crore in FY26. This initiative encompasses major urban centers across India and aims to cater to various market segments, from affordable luxury to ultra-premium homes. The company’s focus is on creating diverse offerings that align with evolving buyer needs.
Ans 2. The group’s expansion strategy targets prominent cities such as Bengaluru, Delhi-NCR, Mumbai, Chennai, Hyderabad, and Goa. Additionally, it is exploring new markets in Pune, Gurugram, and Noida, aiming to establish a presence in regions with high growth potential.
Ans 3. The Prestige Group is planning to launch a range of projects that cater to mid-segment, premium, and luxury buyers. These include affordable luxury apartments, premium family residences, and ultra-luxury homes. The diverse portfolio is designed to meet the demands of India’s dynamic real estate market.
Ans 4. Delhi-NCR will see significant activity from the Prestige Group, including the launch of Prestige Bougainvillea Gardens in Noida (Sector 150) during Q1 FY26. This project aims to provide modern, spacious living spaces. Additionally, Prestige Imperium in KG Marg, Delhi, is set to redefine luxury living with ultra-premium units expected to sell at ₹1 lakh per square foot, timed for a festive launch around Diwali.
Ans 5. Mumbai’s real estate market will benefit from a series of high-value launches by the Prestige Group, including premium apartments priced at ₹2 crore in Prestige City and ultra-luxury residences in Nautilus, Worli, with homes valued at ₹150 crore. These developments aim to appeal to both mid-segment and elite buyers in the city.
Ans 6. Hyderabad’s market is set to benefit from ₹10,000 crore worth of launches. The focus will be on premium residences in prime locations like Banjara Hills, with prices ranging from ₹8–10 crore. The city’s demand for larger, high-quality homes has informed these plans.
Ans 7. In Chennai, the group is launching projects with an investment of ₹3,000–3,500 crore, prioritizing affordable luxury in areas like Pallavaram and Madhavaram. Goa’s market will see high-end apartments and luxury villas, catering to the leisure-luxury segment, with an investment of ₹3,000 crore. Both cities are integral to the company’s strategy to cater to diverse housing needs.
Ans 8. This ₹50,000 crore launch initiative represents one of the largest expansions in India’s real estate sector. It reflects the Prestige Group’s confidence in the market and its ability to deliver diverse, high-quality housing options. By targeting premium and luxury segments, the group is responding to a growing demand for sophisticated urban living.