Bengaluru-based Prestige Estates Projects Ltd has announced an ambitious capital expenditure of ₹8,000-10,000 crore over the next two to three years to expand its residential and commercial footprint in West India, primarily focusing on the Mumbai Metropolitan Region (MMR) and Pune.
According to Tariq Ahmed, CEO – West India, the company has already launched residential projects worth ₹25,000 crore in MMR and currently has six ongoing residential developments spanning 8.81 million sq ft and valued at over ₹27,000 crore. The company is also scouting for significant land parcels in Pune, including a 50-acre site, to kick-start fresh launches.
On the commercial side, Prestige has two projects underway covering 7.71 million sq ft in MMR and aims to double this portfolio with three upcoming office projects covering 3.1 million sq ft along with a retail development of about 2 lakh sq ft to complement its large-scale township in Mulund.
Prestige’s revenue in FY25 stood at ₹7,349.4 crore, while for H1 FY26 it stood at ₹4,739 crore, with MMR contributing 16 % (₹2,820.2 crore) of these sales. The company expects its West India business to contribute 20-25 % of group revenue going ahead.
In terms of strategy, the company said it will target micro-markets like Thane-Navi Mumbai, Goregaon, Borivali, Andheri in MMR, and expand further into Pune, mirroring the demand seen in Bengaluru’s IT-led housing market. Redevelopment (SRA & society redevelopment) and the ₹2-5 crore mid-segment housing through joint development are key focus areas.
The planned capex and pipeline signal Prestige’s commitment to strengthening its presence in West India, deploying its full product portfolio—homes, offices, malls, hotels—to the region. As demand in Mumbai’s suburban micro-markets remains strong and Pune stands out as an emerging hub for IT-related home-buyers, Prestige’s expansion strategy looks well aligned.
Also Read: Godrej Properties Acquires 3.8-Acre Land in Bengaluru for ₹3,500 Crore Township
