Prestige Estates to launch housing projects worth Rs 52,000 crore by March 2025

Ace News

18th Nov 2024

Prestige Estates Projects has planned to launch housing projects worth Rs 52,000 crore by March next year to encash surge in demand for residential properties. Prestige Estates recorded sales of Rs 4,022.6 crore in the September quarter as against Rs 7,092.6 crore in the year-ago period.

During the April-September period, the company's sales bookings fell to Rs 7,052.2 crore as against Rs 11,007.3 crore in the corresponding period last year. Prestige Group has completed 302 projects spanning a developable area of 193 million sq ft as of September 2024. During the 2023-24 fiscal year, Prestige Estates clocked record sales booking of Rs 21,040 crore.

Prestige Estates Projects is the flagship company of the Prestige Group. Prestige Estates Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.