Prestige plans ₹40,000 crore housing launches in H2 FY27

Hindustan Times reported that Prestige Group has set out a second-half FY27 residential launch plan with an estimated value of about ₹40,000 crore. The reported cities are Bengaluru, Mumbai, NCR, Chennai and Hyderabad. The scale stands out because, in April-September FY27, the company’s residential launches covered 23.14 million sq ft and carried revenue potential above ₹16,200 crore.

The reported sales numbers explain why buyers may see more project announcements and marketing in these markets. Prestige’s sales bookings in the previous fiscal year were ₹30,024 crore, which the report said was 76% higher than the year before. For FY27, the company’s stated aim is about ₹35,000-36,000 crore. Pre-sales in H1 FY27 were ₹13,804.3 crore.

Where half-year sales came from

Bengaluru contributed the largest part of half-year sales at 41%, according to the reported figures. Hyderabad followed with 32%. Mumbai accounted for 12%, Chennai for 8%, and other markets together made up 7%. This matters because a national launch number can conceal very different demand, pricing and approval conditions across cities.

• Three residential projects were launched in the quarter, with 5.91 million sq ft of developable area.
• Those quarterly launches had gross development value of about ₹4,020 crore.
• In Q2 FY27, nine projects were launched or commenced, adding up to 10.09 million sq ft of developable area.
• Across H1 FY27, launched or commenced projects added up to 30.25 million sq ft.

Why project-level checks remain important

In India, most new residential projects must be registered with the state RERA before advertising or sale, unless the law exempts them. A buyer examining an upcoming launch generally has to compare the project’s RERA entry with the brochure and draft papers. Useful checks include promoter name, land details, approved plans, carpet area, possession schedule and complaint history. A corporate launch pipeline does not, by itself, confirm the legal readiness of any one project.

The report also gave delivery and hospitality updates. Prestige completed 5.07 million sq ft in the quarter and 9.44 million sq ft during H1 FY27. By June 2026, the group’s completed track record stood at 319 projects, covering 216 million sq ft. Its future project list at that time included 137 projects across 229 million sq ft. In hospitality, Prestige Hospitality Ventures partnered with CPP Investments, while H1 occupancy was 70% and ARR was ₹15,143. The quarter also saw construction start on two hotel projects, with 313 keys and 0.77 million sq ft.