Bengaluru-based Prestige Group has announced an ambitious investment plan of INR 10,000 crore by the end of FY25. This substantial financial commitment underscores the company’s confidence in the sector’s growth potential, particularly in key Indian cities, and highlights its aggressive expansion strategy.
A significant portion of this investment, amounting to INR 3,000 crore, will be allocated for acquiring additional land parcels across strategic locations. The remaining INR 7,000 crore is earmarked for the construction and development of upcoming residential projects. According to a senior spokesperson from Prestige Group’s residential sales division, some of these funds have already been allocated to ongoing developments, with the remainder scheduled to be deployed by the end of the financial year.
The group’s expansion plans are focused on high-growth urban centres 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. The 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. Prestige Group’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 centres.
