Bengaluru-headquartered Prestige Estates Projects Ltd has moved fast in the first quarter of FY26, picking up 102 acres of land across four of India’s most competitive real estate markets — Bengaluru, Hyderabad, Chennai, and Mumbai. The developer plans to roll out premium residential projects on these parcels, targeting a Gross Development Value (GDV) of over ₹20,000 crore.
Where the Land’s Going
The bulk of the acquisition happened in Hyderabad, where the company grabbed 28 acres in Tellapur and 37 acres in Pulimamidi. Bengaluru came next, with 10 acres each in Poojanahalli (Devanahalli) and Ittangur (Sarjapura), plus 7 acres in Kothanuru near KR Puram. In Chennai, Prestige picked up 3.48 acres in Velachery, a micro-market known for strong end-user demand. Meanwhile in Mumbai, the group secured 6.3 acres — a rare addition in a city where large land parcels are hard to come by.
All together, these sites are expected to yield developments worth roughly ₹20,400 crore once launched.
Also read, Prestige Estates Projects Reports 1.47% Rise in Q1 FY26 Net Profit; Revenue Climbs Nearly 22%
Performance Backing the Expansion
The land buying spree isn’t happening in isolation — Prestige’s books are looking solid.
- Net profit climbed 26% year-on-year to ₹292.5 crore in Q1 FY26, compared to ₹232.6 crore in the same quarter last year.
- Total income jumped to ₹2,468.7 crore from ₹2,024.5 crore.
- Pre-sales shot up nearly 4x to ₹12,126.4 crore, helped by strong uptake in a flagship housing project in Ghaziabad.
For FY26, the company’s aiming at ₹27,000 crore in sales bookings — a target that’s ambitious, but well-aligned with the scale of its ongoing launches.
Why This Matters for the Market
From an investor perspective, this land banking signals two things — Prestige is doubling down on high-demand corridors, and they’re confident the housing upcycle still has legs. By spreading bets across South India and Mumbai, the group is balancing volume markets with high-value ticket sales.
With these fresh acquisitions, Prestige is not just chasing numbers — it’s locking in future supply in markets where land will only get costlier. And in real estate, buying the right land at the right time often decides tomorrow’s winners.
Also read, Prestige Group Proposes Next Phase of Prestige City with Eaton Park and Fernvale
