Residential Property Launches Surge in Q4 FY25
In an impressive move, Prestige Estates Projects unveiled a staggering 14 million sq ft of residential developments in its key markets during Q4 FY25, showcasing a remarkable gross development value (GDV) of ₹16,133.8 crore. This expansion marks a significant leap from the mere 0.83 million sq ft introduced in Q4 FY24, highlighting the company’s aggressive growth strategy.
Significant Growth in Residential Space
Throughout FY24, Prestige Estates Projects successfully launched a total of 31.67 million sq ft of residential properties. The new offerings in Q4 FY25 span across major cities including Bengaluru, Mumbai, and Hyderabad, encompassing 4,548 units within a developable area of 14.03 million sq ft.
- Key Launch Locations: Bengaluru, Mumbai, Hyderabad
- Total Units Offered: 4,548
- Developable Area: 14.03 million sq ft
Strong Sales Performance
Despite the larger projects being introduced later in the quarter, the company reported impressive sales figures. This success played a crucial role in enhancing the overall performance for the quarter. Notably, the new project in Mumbai garnered sales of ₹2,385.7 crore within just one month. Meanwhile, launches in Bengaluru and Hyderabad achieved sales of ₹1,382.1 crore and ₹1,110.1 crore, respectively, in the quarter’s final days.
Positive Customer Response
Irfan Razack, the Chairman and Managing Director of Prestige Estates, shared insights on the positive reception of their Q4 launches. "We have seen a strong response from customers across various regions. Though we faced challenges with approvals this year, we navigated them responsibly to introduce these diverse offerings to the market," he stated.
Future Plans and Market Presence
Prestige Estates Projects is committed to catering to a wide array of homebuyers, from the mid-segment to the luxury market. Looking ahead, the company is eager to maintain this momentum with plans for new launches across Bengaluru, NCR, Chennai, and Mumbai in the upcoming months.
- Market Segments Covered: Mid-segment, Aspirational, Premium, Luxury
- Upcoming Launches: Planned across Bengaluru, NCR, Chennai, and Mumbai
In a competitive real estate landscape, Prestige Estates Projects continues to solidify its position, responding effectively to market demands and customer expectations.
