Launch Plan
Prestige Estates Plans ₹40,000 Crore of Residential Launches in H2 FY27
Prestige Estates Projects Ltd plans to launch residential projects with a combined revenue potential of more than ₹40,000 crore in the second half of FY27 (October 2026 to March 2027). That is about 2.5 times the value of its April-September launches, according to the company's operational update filed on October 13, 2026.
| Company | Prestige Estates Projects Ltd (NSE: PRESTIGE; BSE: 533274), Bengaluru |
|---|---|
| Planned H2 FY27 launch value | More than ₹40,000 crore (revenue potential, as stated by the company) |
| H1 FY27 launches (April-September 2026) | 23.14 million sq ft; revenue potential over ₹16,200 crore |
| Target cities | Bengaluru, Mumbai, Delhi-NCR, Chennai and Hyderabad, over the next two quarters |
| H1 FY27 pre-sales | ₹13,804.3 crore; 7,247 units sold |
| Q2 FY27 pre-sales | ₹7,225 crore, up 20% year on year and 10% sequentially |
| Full-year FY27 booking target | ₹35,000 crore to ₹36,000 crore |
| Share price (NSE, as of October 13, 2026, 2:38 PM) | ₹1,471.00, up 2.90% from the previous close |
What the company announced
Prestige Estates Projects Ltd, the Bengaluru-based listed arm of Prestige Group, said it plans launches with a combined revenue potential of more than ₹40,000 crore in the second half of FY27. The figure was reported on October 20, 2026 (New Delhi dateline). The plan is roughly 2.5 times the value of projects launched in the first six months of the fiscal year.
Chairman Irfan Razack named five markets for the pipeline: Bengaluru, Mumbai, Delhi-NCR, Chennai and Hyderabad. The company has not given a market-by-market split of the proposed value or the expected number of homes.
The ₹40,000 crore figure is a company-stated number. It is a revenue potential, or gross development value (GDV), of projects to be launched. It is not a sales figure.
Launches so far in FY27
Residential launches for April to September 2026 covered 23.14 million square feet, with a revenue potential of over ₹16,200 crore. Three residential projects launched in the second quarter spanned 5.91 million square feet in total:
- Prestige Palm Court, Chennai (1.99 million sq ft). Announced August 28, 2026. Located on 7.98 acres at Madhavaram on GNT Road, with 910 apartments in five towers of ground plus 22 floors and two basements. Estimated GDV is ₹1,330 crore.
- Garden Breeze at TPC, Sarjapur, Bengaluru (1.23 million sq ft).
- Prestige Parklane, Devanahalli, Bengaluru (2.69 million sq ft). Launched September 25, 2026. Spread over about 11.9 acres within a larger aerospace and industrial park, with 1,788 apartments across nine towers. The project is registered under Karnataka RERA with a proposed completion date of December 31, 2030. Estimated GDV is about ₹1,750 crore.
The company said the response to new launches, several of which came late in the second quarter, had been good. No individual H2 project has been named yet.
Sales and collections
Q2 FY27 pre-sales were ₹7,225 crore, up 20% year on year and 10% sequentially. Reported Q2 pre-sales of ₹7,225 crore beat an estimate of about ₹6,000 crore from Nomura. First-half pre-sales were ₹13,804.3 crore across 7,247 units. Collections were ₹10,096 crore for H1 and ₹5,294 crore for Q2.
Pre-sales measure bookings. They do not show how home prices have moved, and the company's filings do not give a price change figure.
Analyst views on the FY27 numbers
Analyst estimates for full-year FY27 launches differ. Nomura said the company had launched only ₹16,000 crore of projects against a planned pipeline of ₹57,000 crore, and kept its FY27 pre-sales estimate at ₹35,000 crore. PL Capital put planned FY27 launches at around ₹45,000 crore. Management reiterated 15% to 20% pre-sales growth guidance and an overall launch pipeline of about ₹45,000 crore (INR 450 billion) for FY27.
Prabhudas Liladhar Capital said timely RERA approvals, rather than demand, were the main near-term risk to launch execution and pre-sales visibility. Other commentary said the main investor risk is whether the company can execute a launch pipeline of this size, and whether India's housing demand can absorb a sharp rise in branded supply.
Hospitality stake sale
In a regulatory filing dated October 13, 2026, the company said CPP Investments had invested ₹3,000 crore (C$441 million) in Prestige Hospitality Ventures (PHVL), a subsidiary. This deal is separate from the residential launch pipeline.
Context: the FY26 record and earlier plans
In FY26, pre-sales or bookings reached a record ₹30,024 crore, up 76% from the previous year. In June 2025, the company had planned to launch 25 residential projects with 44.80 million sq ft of developable area and an estimated GDV of ₹42,120 crore during FY26. In Q4 FY25 it launched four projects across Bengaluru, Mumbai and Hyderabad with a combined GDV of ₹16,133.8 crore (April 9, 2025 filing).
The group says it has delivered 319 projects spanning 216 million sq ft as of June 2026. A separate report cites 229 million sq ft across 137 ongoing developments. The two figures use different bases.
What it means for buyers and investors
- Buyers: The company links the pipeline to festive-season housing demand. Launch timing and pricing for individual projects will be set once each is announced. Buyers should check each project's RERA registration and approved layout before booking.
- Investors: The plan, if carried out, would sharply increase the pre-sales base compared with H1 FY27. Analysts identify RERA approval timing and execution capacity as the main risks.
- Market: The plan is a test of whether demand in five large metros can absorb a large increase in branded supply over two quarters.
What comes next
- Launches are planned over the next two quarters (October 2026 to March 2027) in Bengaluru, Mumbai, Delhi-NCR, Chennai and Hyderabad.
- The full-year FY27 booking target is ₹35,000 crore to ₹36,000 crore.
- Individual H2 project names, launch dates and RERA filings have not yet been announced.
Frequently asked questions
Is the ₹40,000 crore figure the company's sales?
No. It is the revenue potential, or gross development value, of residential projects the company plans to launch in H2 FY27. Sales are recorded as pre-sales when homes are booked.
Which cities are included?
Chairman Irfan Razack named Bengaluru, Mumbai, Delhi-NCR, Chennai and Hyderabad. The company has not given a split of value or units by city.
How much did Prestige sell in the first half of FY27?
Pre-sales were ₹13,804.3 crore in April to September 2026, covering 7,247 units. Q2 pre-sales alone were ₹7,225 crore.
Which projects has Prestige launched in the current year?
In the second quarter, the company launched Prestige Palm Court in Chennai, Garden Breeze at TPC in Sarjapur and Prestige Parklane in Devanahalli, Bengaluru. Parklane was launched on September 25, 2026, and is registered under Karnataka RERA with a proposed completion date of December 31, 2030.
What is the main risk to the launch plan?
Prabhudas Liladhar Capital named timely RERA approvals as the key near-term risk. Other analysts pointed to execution capacity and whether the market can absorb the added supply.
Sources
- Strong Q2 bookings, FY27 pipeline boost outlook for Prestige Estates (Business Standard)
- Prestige launches new residential project 'Palm Court' in North Chennai (Business Standard)
- Prestige Group to launch housing projects worth Rs 42,000 cr in FY26 (Business Standard)
- Prestige Estates launches projects with GDV of Rs 16,134 crore in Q4 (Business Standard)