PRESTIGE'S RS 20,400 CRORE LAND BET ACROSS FOUR CITIES

Prestige Estates Projects Ltd has kicked off FY26 with one of its most aggressive land acquisition drives in recent years. Realty firm Prestige Estates Projects Ltd has acquired 102 acres of land in the April-June quarter to build housing projects, with a potential to generate revenue of more than Rs 20,000 crore. Looking to expand its residential real estate business, Bengaluru-based Prestige Estates Projects has been acquiring land parcels outright and also partnering with landowners. The company disclosed the details in its latest investor presentation, confirming an estimated gross development value (GDV) of Rs 20,400 crore from these new land parcels.

The acquisitions are spread across four key metros. In Hyderabad, Prestige acquired two plots -- 28 acres in Tellapur and 37 acres in Pulimamidi. In Bengaluru, the company has acquired three land parcels -- 10 acres in Poojanahalli - Devanahalli, 7 acres in Kothanuru, KR Puram and 10 acres in Ittangur, Sarjapura. At Velachery in Chennai, the company acquired 3.48 acres. Prestige acquired 6.3 acres of land in Mumbai. Notably, the presentation did not mention the cost of the land.

Hyderabad emerged as the biggest focus area in this round of buying. Industry observers note that Hyderabad saw the largest concentration of Prestige's Q1 buying, with the developer securing 28 acres in Tellapur and 37 acres in Pulimamidi—two high-growth micro-markets within the city's IT and finance corridors. This aligns with visible on-ground activity: Prestige has already opened EOI (Expression of Interest) registrations for a large township on its Tellapur land, marketed under the Prestige Golden Grove name, positioned as part of the developer's broader "New West" residential push in Hyderabad.

The land acquisition news arrived alongside a strong set of quarterly numbers. In Q1 FY26, the company's net profit rose 26% to Rs 292.5 crore from Rs 232.6 crore last year, while total income grew 22% to Rs 2,468.7 crore. On the sales side, momentum has been even sharper: Prestige Estates Projects Ltd reported a four-fold jump in its sales bookings to Rs 12,126.4 crore in the first quarter of FY26, mainly due to strong demand for its housing project in Ghaziabad, up from Rs 3,029.5 crore in the year-ago period.

This Q1 land buying spree follows a challenging FY25 for the developer. During the entire last fiscal year, Prestige Estates sales bookings declined 19 per cent to Rs 17,023.1 crore, reflecting the impact of deferred launches amid approval delays. The company appears to be using this land bank as the foundation for a sharp course correction. It clocked Rs 5,519 crore in sales bookings in the quarter and targets Rs 27,000 crore for FY26. Separately, company executives have spoken of even larger ambitions for new launches, with the company announcing in June its intention to launch multiple residential projects across major cities in the current fiscal year, targeting an estimated revenue of over Rs 42,000 crore, with upcoming projects planned for key markets including Bengaluru, Chennai, Hyderabad, Mumbai, Delhi–NCR, and Goa.

For homebuyers, this land banking activity is a leading indicator of where Prestige's next wave of project launches will land. Market analysts tracking the sector suggest that expected launch windows are Bengaluru projects Q4 FY26–Q1 FY27, Hyderabad projects H2 FY26–FY27, and Chennai and Mumbai projects in FY27. Buyers eyeing these four cities should expect fresh pre-launch and EOI activity to pick up meaningfully over the next several quarters as approvals come through and formal project names and RERA registrations are announced.

The broader context matters too. The company has delivered over 300 projects and currently has around 140 projects in its pipeline, giving it substantial execution credibility to back this fresh round of land investment. With Hyderabad's Tellapur-Kollur belt, Bengaluru's Sarjapura and Devanahalli corridors, Chennai's Velachery, and Mumbai all in play, this Q1 FY26 acquisition round sets the stage for one of Prestige's busiest multi-city launch calendars in years.