en.Wedoany.com Reported - Indian real estate developer Prestige Estates Projects plans to invest approximately Rs 150 billion this fiscal year in residential and commercial projects in South India, the Mumbai Metropolitan Region, and the Delhi-NCR region.

Bangalore-based Prestige Estates is one of India's leading real estate developers. In the 2025-26 fiscal year, the company achieved a record Rs 300.24 billion in sales bookings, a 76% year-on-year increase.

Executive Director Zayd Noaman, in a statement to the Press Trust of India (PTI), said construction investment for this fiscal year is expected to be between Rs 140 billion and Rs 150 billion. Of this, approximately Rs 95 billion to Rs 100 billion will be allocated to residential projects, and Rs 45 billion to Rs 50 billion to commercial projects, including office buildings and shopping malls. Noaman emphasized that the company is focused on expanding construction activities to ensure timely project delivery. He noted that total construction expenditure in the 2025-26 fiscal year also reached approximately Rs 135 billion.

Noaman stated that the company pursues steady growth, prudent expansion, and timely delivery, strengthening its annuity portfolio while creating long-term value for all stakeholders. On the operational front, Prestige Group Chairman Irfan Razack told PTI last month that the company aims to achieve sales bookings of Rs 350 billion to Rs 360 billion in the 2026-27 fiscal year. Razack said the company has a project launch pipeline of approximately Rs 580 billion in major cities this fiscal year, but actual launches depend on government approvals.

In the previous fiscal year, Prestige Estates launched 32 million square feet of space, with a sales booking potential of Rs 273.5 billion. According to the company's financial report, net profit for the previous fiscal year more than doubled to Rs 11.955 billion from Rs 4.675 billion in the 2024-25 fiscal year; total revenue increased from Rs 77.355 billion to Rs 131.955 billion.

Prestige Estates Projects Ltd operates across all major cities in India. Since its inception, the group has delivered 313 projects totaling 206 million square feet, with a pipeline of 128 projects covering 195 million square feet. The company's business encompasses residential, commercial (office buildings and shopping malls), and hotel project development.