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Prestige Estates Projects Limited — Capital/Financing Update 2025
Apr 9, 2025
62301_rns_2025-04-09_c9358f69-c08b-4af2-9d31-fcc2a7dec8f1.pdf
Capital/Financing Update
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April 9, 2025
To
The General Manager The Manager Dept. of Corporate Services Dept of Corporate Services National Stock Exchange of India Limited BSE Limited Bandra Kurla Complex Floor 25, P J Towers Bandra (E) Mumbai-400051 Dalal Street Mumbai – 400 001 NSE Scrip code: PRESTIGE BSE Scrip code: 533274
Dear Sir/Madam,
Sub: Press Release – Launch of Residential projects
Please find enclosed a copy of the Press Release announcing the Launches of Residential projects of 14 Mn sft across Key Markets.
This is for your information and records.
Thanking You,
Yours sincerely For Prestige Estates Projects Limited VENKATARATHNAIAH Digitally signed by VENKATARATHNAIAH SETTY JEELAKUNTE SETTY JEELAKUNTE MANOJ KRISHNA MANOJ KRISHNA
Manoj Krishna J V Company Secretary and Compliance Officer
Enclosed: a/a
Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail [email protected] www.prestigeconstructions.com CIN : L07010KA1997PLC022322
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Prestige Group Launches 14 Mn sft Across Key Markets in Q4 with Total GDV of Rs 161,338 Mn; Projects Receive Resounding Customer Response
Bengaluru, April 8, 2025: Prestige Estates Projects Limited, one of India’s leading real estate developers, announced a series of successful residential launches during the fourth quarter of FY25, spanning key cities and catering to a wide range of homebuyers.
The quarter saw the launch of four projects across Bengaluru, Mumbai, and Hyderabad, covering a total developable area of 14.03 million square feet, comprising 4,548 units, with an aggregate Gross Development Value (GDV) of Rs 1,61,338 million.
| Project | City | DevelopableArea (Mnsft) | Units | GDV(Rs in mn) |
|---|---|---|---|---|
| Prestige Suncrest | Bengaluru | 0.86 | 437 | 6,976 |
| Prestige Nautilus | Mumbai | 2.92 | 325 | 86,651 |
| Prestige Southern Star -Ph I | Bengaluru | 5.21 | 2,130 | 35,707 |
| Prestige Spring Heights | Hyderabad | 5.05 | 1,656 | 32,004 |
| Total | 14.03 | 4,548 | 1,61,338 |
Though the larger project launches took place towards the latter part of the quarter, we were able to clock impressive sales before the quarter end, meaningfully contributing to the quarter’s overall performance. This reflects not only the strong underlying demand but also the enduring trust customers place in the Prestige brand.
Flagship launches such as Prestige Nautilus in Mumbai clocked Rs 23,857 million in sales within a month, while Prestige Southern Star in Bengaluru and Prestige Spring Heights in Hyderabad achieved Rs 13,821 million and Rs 11,101 million in sales respectively, in the last few days of the quarter.
These projects cater to a wide spectrum of buyers—from mid-segment and aspirational housing to premium and luxury residences. Looking ahead, Prestige Group is gearing up to build on this momentum with a robust pipeline of launches planned across Bengaluru, NCR, Chennai, and Mumbai in the upcoming months.
Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail [email protected] www.prestigeconstructions.com CIN : L07010KA1997PLC022322
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Commenting on the launches, Mr. Irfan Razack, Chairman and Managing Director, Prestige Group, said:
“ We are pleased with the enthusiastic response our Q4 launches have received across geographies and customer segments. While the year posed certain challenges on the approvals front, we made every effort to navigate them responsibly and bring these diverse offerings to market. The success of these launches is a reflection of our team’s resilience, the strength of our product, and the enduring trust that customers place in the Prestige name.”
About Prestige Group
Prestige Estates Projects Limited is a market leader in India’s real estate sector, with a legacy spanning over three decades. The company has delivered over 300 projects across residential, commercial, retail, hospitality, and mixed-use developments, setting new industry benchmarks.
Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail [email protected] www.prestigeconstructions.com CIN : L07010KA1997PLC022322