en.Wedoany.com Reported - Bangalore-based Prestige Estates Projects plans to launch two new housing projects in Delhi-NCR this fiscal year, with a potential revenue of nearly ₹7,000 crore.

The company first entered the Delhi-NCR residential market in April last year, launching a housing project with a total potential revenue of approximately ₹12,000 crore. Irfan Razack, Chairman of Prestige Estates, stated that the company is very optimistic about the Delhi-NCR market, having achieved sales bookings of around ₹10,000 crore in the region last fiscal year.

The two new projects are located in Noida and Gurugram, respectively. According to the company's latest investor presentation, the total developable area of the projects is approximately 8 million square feet, with an estimated total potential revenue of ₹6,800 crore.

The company added that its initial entry into the NCR market with the "Prestige City Indirapuram" project received an enthusiastic response, achieving pre-sales of over ₹9,500 crore in its first year.

Razack stated that the total value of the company's upcoming projects in major cities this fiscal year is approximately ₹58,000 crore, but the actual number of launches depends on government approvals. He emphasized that accelerating project approvals would benefit job creation and the overall economy.

Last fiscal year, the company launched 32 million square feet of area, with potential sales bookings of ₹27,350 crore. This fiscal year, the company's sales booking target is approximately ₹35,000 to ₹36,000 crore.

Prestige Estates achieved a record sales booking of ₹30,024 crore in the 2025-26 fiscal year, a 76% increase over the previous fiscal year.

Regarding housing demand, Razack believes that customers are purchasing physical assets for long-term investment, not short-term speculation, and will invest when there is genuine need. He has observed that transaction volumes can sometimes be huge and sometimes slow down, and the current situation is acceptable.

Razack stated that the company will continue to invest in construction activities and land acquisitions if suitable opportunities arise. Recently, Prestige Estates Projects reported that its net profit doubled to ₹1,195.5 crore last fiscal year, while total revenue increased from ₹7,735.5 crore to ₹13,195.5 crore.

As one of India's leading real estate developers, the Prestige Group has delivered 313 projects covering a total area of 206 million square feet, with an additional 128 projects in the pipeline covering a total area of 195 million square feet.

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