Prestige Estates Projects Limited has informed the Exchange regarding a press release dated April 09, 2025, titled "Press Release: Launch of residential projects. ".
PRESTIGE · price
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Prestige Estates has launched four new residential projects in Q4 FY25 across Bengaluru, Mumbai, and Hyderabad, covering 14.03 million sq ft with 4,548 units and a combined Gross Development Value (GDV) of Rs 16,134 crore (Rs 1,61,338 million). The flagship launch was Prestige Nautilus in Mumbai with a GDV of Rs 8,665 crore, followed by Prestige Southern Star (Bengaluru, Rs 3,571 crore GDV), Prestige Spring Heights (Hyderabad, Rs 3,200 crore GDV), and Prestige Suncrest (Bengaluru, Rs 698 crore GDV). The company reported strong early sales, with Prestige Nautilus clocking Rs 2,386 crore in sales within just one month of launch, and the Bengaluru and Hyderabad projects together adding nearly Rs 2,492 crore in pre-quarter-end sales. Chairman Irfan Razack noted that despite some approval-related challenges during the year, customer response was enthusiastic, reflecting strong demand for the Prestige brand.
This is a positive development for shareholders, as the large-scale launches and strong early sales momentum signal robust demand and healthy revenue visibility for Prestige in the coming quarters. A robust pipeline across Bengaluru, NCR, Chennai, and Mumbai suggests continued growth potential, which could support the stock's near-term sentiment.