Prestige Estates Projects reported a significant surge in residential project launches in the fourth quarter of FY25, unveiling 14.03 million sq ft of new developments with a gross development value (GDV) of Rs 161.33 billion. This marks a substantial increase compared to just 0.83 million sq ft launched in Q4 FY24. For the full fiscal year FY24, the company had launched a total of 31.67 million sq ft.

The Q4 FY25 launches were spread across key real estate markets including Bengaluru, Mumbai, and Hyderabad, encompassing 4,548 residential units. Despite a major portion of these launches occurring in the latter part of the quarter, the company achieved strong sales figures, contributing significantly to its overall performance during the period.

Among the new projects, a development in Mumbai stood out by recording Rs 23.85 billion in sales within a month of its launch. Projects in Bengaluru and Hyderabad also performed well, generating Rs 13.82 billion and Rs 11.10 billion in sales respectively in the final days of the quarter.

Prestige Estates continues to cater to a diverse range of homebuyers with offerings across mid-income, aspirational, premium, and luxury segments. The company aims to maintain its growth momentum with a robust pipeline of new launches planned for key cities including Bengaluru, NCR, Chennai, and Mumbai in the near future.

While competitors like Godrej Properties and Macrotech Developers have released their operational updates, they have not disclosed their launch volumes for the quarter.

News source: Financial Express