PRESTIGE DEEPENS SOUTH KERALA PUSH

Bengaluru-headquartered developer Prestige Estates Projects Limited is intensifying its presence in Kerala. Prestige Estates Projects deepens South Kerala expansion with luxury residential projects in Kochi and Kozhikode. Portfolio includes Prestige Ocean Pearl, Eden. The move signals that the state's two largest commercial hubs, Kochi and Kozhikode, are now central to the group's South India growth playbook, alongside its established strongholds in Bengaluru, Chennai and Hyderabad.

The anchor project of this push is Prestige Ocean Pearl in Kozhikode. Prestige Ocean Pearl is a luxury beachfront development on Beach Road, West Hill, Kozhikode — 530 sea-view apartments across 4 towers, Arabian Sea frontage, K-RERA approved. It is developed by Prestige Estates Projects Limited in joint venture with Westend Avenue LLP, located on Beach Road, West Hill, Puthiyangadi, and spans approximately 6.5 acres with 530 apartments across four towers rising to 28 floors, registered under K-RERA/PRJ/KKD/139/2022. Market listings currently peg entry prices at around INR 1.35 Cr onwards for 3 and 4 BHK configurations, with towers offering direct sea, side-beach or garden views.

This is a significant first for the coastal city. The project is the Prestige Group's first high-rise luxury residential venture in Kozhikode, and the first branded luxury high-rise on Beach Road in this coastal city historically known as Qaliqût, Califo, and Calicut — the Malabar port where Vasco da Gama first touched Indian soil in 1498. The project was originally unveiled in late 2023 with big ambitions: Prestige Ocean Pearl was planned to sprawl over an anticipated 1.5 Mn SqFt construction area with an estimated cost of INR 800 Crore, featuring four residential towers with 500 premium 3 & 4 BHK apartments, 28-storey high and anticipated to be completed in May 2027. More recent tracking shows construction is underway but still early-stage, with one analysis noting physical progress at roughly a third of completion as of late 2025 against a 2028 RERA deadline — a timeline homebuyers should track through quarterly project updates.

On the Kochi side, Prestige is not a new entrant but is clearly scaling up. Kochi's growing IT sector and services base are bringing many people to the city, and the Prestige Group entered the property market here in 2011-2012. Among its active residential offerings is Prestige Eden Garden in Kalamassery, a gated community project. Prestige Eden Garden is a luxurious gated township located on NH Bypass, North Kalamassery, Kochi, Kerala, covering 1.33 acres with 112 modern units across 2, 3, and 4 BHK apartments, with sizes ranging from 1495 sq ft to 2711 sq ft and prices starting at Rs 1.21 Cr. The project carries RERA registration K-RERA/PRJ/ERN/002/2022 and is targeted for completion by December 2026.

Further south in Maradu, the group is developing Prestige Panorama, a high-rise community aimed at the mid-luxury segment. Prestige Panorama is located on NH-47 Bypass, Kundannoor Junction, Maradu, Kochi, covering 2.82 acres with a low-density layout of over 80% open and green spaces, comprising 2 high-rise towers of G+22 floors with 136 apartments in 2 and 3 BHK configurations sized 1243 to 1748 sq ft, priced from around Rs 78 lakhs up to Rs 1.46 crore. Together, Eden Garden and Panorama give Prestige a diversified Kochi portfolio spanning both the industrial Kalamassery corridor and the fast-developing Maradu-Kundannoor belt near the NH bypass.

The timing of this Kerala push coincides with strong momentum for the parent company nationally. According to its latest operational update, the company's 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 framed the year's performance as broad-based: the company has closed FY26 on a strong note, with steady sales momentum through the last financial year, and demand across key markets has remained encouraging, with focus on quality, location, and timely execution continuing to resonate well with customers. That national momentum is now translating into fresh capital and attention for markets like Kerala that were previously secondary to Prestige's Bengaluru- and Mumbai-heavy pipeline.

For homebuyers, the appeal lies in scarcity value. Kozhikode's coastal residential belt has historically been dominated by regional builders, and Prestige's entry via a branded beachfront tower is unprecedented for the city. Kozhikode's residential market has seen steady, if not spectacular, price growth of 8–12% per annum on the premium coastal belt over the past 3 years. In Kochi, where Prestige already has an established base, the new launches extend the brand's reach into emerging micro-markets rather than just its legacy Kundannoor and Kalamassery addresses, giving buyers more configuration and budget choices within a trusted developer name.