Prestige's Massive FY26 Land Play Across Four Metro Cities

Prestige Estates Projects Ltd acquired 102 acres in the April–June 2025 quarter to build new housing projects with a gross development value (GDV) of ₹20,400 crore through direct acquisitions and joint ventures with landowners in Bengaluru, Hyderabad, Chennai, and Mumbai. This move signals aggressive confidence in sustained residential demand as India's metro markets remain red-hot.

The geographic breakdown tells a clear story of developer strategy: Hyderabad saw 28 acres in Tellapur and 37 acres in Pulimamidi; Bengaluru received 10 acres in Poojanahalli–Devanahalli, 7 acres in Kothanuru–KR Puram, and 10 acres in Ittangur–Sarjapura; Chennai got 3.48 acres in Velachery; Mumbai received 6.3 acres. Hyderabad saw the largest concentration of Prestige's Q1 buying, with Tellapur and Pulimamidi identified as high-growth micro-markets within the city's IT and finance corridors.

Prestige is aiming for ₹27,000 crore in sales bookings this fiscal, despite a 19% drop in sales bookings in FY25 due to delayed project launches. This acquisition underpins that ambition. In Q1 FY26, the company's net profit rose 26% to ₹292.5 crore from ₹232.6 crore last year, while total income grew 22% to ₹2,468.7 crore. The financial muscle is clearly there.

The scale of this acquisition—102 acres with ₹20,400 crore GDV—shows that branded developers are consolidating market share, with smaller regional players struggling to acquire large land banks at competitive rates, giving companies like Prestige a structural advantage that favors buyers.

What does this mean for homebuyers? Expect project launches to accelerate in these micro-markets over the next 12-18 months. Buyers in these four cities may see project launches and pre-launch activity accelerate in the coming quarters, with early bookings often coming with discounts but waiting allowing comparison against competing projects in the same micro-market.