Prestige Estates Adds 85 Acres in Hyderabad, Chennai and Chikkamagaluru in Q3 FY26
Prestige Estates Projects Ltd has continued its aggressive land-banking strategy into the third quarter of FY26, adding fresh parcels that strengthen its residential pipeline in both established and emerging markets. According to the company's latest investor presentation for the quarter ended December 2025, Prestige Estates Projects Limited has added four land parcels during the third quarter of FY26, with an estimated revenue potential of ₹68,500 crore. The newly added land parcels are located across Hyderabad, Chennai, Bengaluru and Chikkamagaluru, expanding Prestige Estates' presence in both established urban centres and emerging growth corridors.
Drilling into the specifics, the additions include parcels in Lakdaram and Rajendra Nagar in Hyderabad, Medavakkam in Chennai, and Indavara in Chikkamagaluru, cumulatively covering 85 acres during the quarter. Rajendra Nagar and Medavakkam are both established residential submarkets with existing social infrastructure, while the Chikkamagaluru parcel signals Prestige's continued interest in Karnataka's emerging hill-town and leisure-led real estate corridors beyond Bengaluru.
This quarter's haul is part of a much larger nine-month buying spree. These acquisitions contribute to Prestige's total land additions of 351 acres in the first nine months of FY26, with an overall estimated revenue potential of ₹3.99 lakh crore. That scale of land banking puts Prestige among the most active developers in the country on the acquisition front this fiscal year, even as it continues to execute an expanding construction pipeline across multiple cities.
With this quarter's additions, the company's land bank now spans 1,080 acres, with a Prestige economic share of 883 acres, providing development visibility across multiple cities. As has been the pattern for several years, Bengaluru continues to account for a significant portion of the land holdings, followed by Hyderabad, Chennai, Mumbai, Goa and NCR markets. This gives homebuyers and investors a fairly clear read on where Prestige's next wave of launches is likely to be concentrated over the coming years.
On how this land will be used, the company stated that the land parcels will be utilised for a mix of residential developments, aligned with its focus on mid-segment, premium and select luxury housing projects. Management has also indicated that Prestige Estates continues to prioritise land acquisitions that offer scalability, infrastructure access and demand visibility, supporting phased project launches over the medium to long term. This is consistent with the earlier Q1 FY26 buying spree, when Bengaluru-based Prestige Estates Projects Ltd made a significant land play, acquiring 102 acres across Bengaluru, Hyderabad, Chennai, and Mumbai, underlining a steady, quarter-on-quarter approach to replenishing its development pipeline rather than one-off opportunistic buys.
The land additions come against the backdrop of a strong operating quarter for the company. Prestige reported a spectacular 134.06% year-on-year revenue surge in Q3 FY26, though profitability metrics revealed concerning margin compression, and it posted consolidated net profit of ₹222.60 crores for the quarter ended December 2025, representing an extraordinary 1,157.63% increase from the ₹17.70 crores reported in Q3 FY25. On the sales front, the company closed the full fiscal year on a high, with pre-sales or sales bookings stood at a record Rs 30,024 crore in the 2025-26 fiscal, up 76 per cent from the preceding year. Chairman and Managing Director Irfan Razack noted that "demand across our key markets has remained encouraging, and our focus on quality, location, and timely execution continues to resonate well with customers."
For homebuyers, this steady stream of land acquisitions is a reliable early indicator of where Prestige's future project launches will land. Micro-markets like Rajendra Nagar in Hyderabad and Medavakkam in Chennai — both already home to established residential catchments — are likely candidates for new mid-segment or premium launches once approvals and RERA registrations are secured, typically 8-12 months after land acquisition based on the company's historical launch cadence. Buyers tracking these corridors should watch for pre-launch announcements over the next two to three quarters.
