Prestige Adds 85 Acres Across Four Cities in Q3 FY26
Prestige Estates Projects Limited has added four new land parcels during the third quarter of FY26, a move that signals continued confidence in South and West India's housing demand. Prestige Estates Projects Limited has added four land parcels during the third quarter of FY26, with an estimated revenue potential of ₹68,500 crore, according to its latest investor presentation for Q3 and nine months ended December 2025. The scale of the addition places this quarter firmly among the developer's more aggressive land-banking phases of the fiscal year.
The four parcels span both metro markets and an emerging hill-town corridor. 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. 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. The Chikkamagaluru entry is notable — it marks Prestige's move beyond IT-led metro demand into a coffee and tourism belt in the Western Ghats that is increasingly drawing second-home buyers from Bengaluru.
This quarter's haul builds on an already busy fiscal year for the developer. 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. Earlier in the year, in Q1 FY26, the company had already made a large multi-city play. In the April-June quarter of FY26, Bengaluru-based Prestige Estates Projects Ltd made a significant land play, acquiring 102 acres across Bengaluru, Hyderabad, Chennai, and Mumbai, with combined GDV of ₹20,400 crore marking one of the largest multi-city land banking moves by a top-tier developer in the current fiscal year.
The company has framed this steady land accumulation as deliberate rather than opportunistic. 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, and continues to prioritise land acquisitions that offer scalability, infrastructure access and demand visibility, supporting phased project launches over the medium to long term. For homebuyers, this generally translates into a steady pipeline of new launches over the next 12-24 months rather than a sudden supply flood.
The operating numbers behind these acquisitions also point to a developer executing at scale. During the same period, Prestige Estates reported record sales of ₹2.23 lakh crore for 9M FY26, alongside collections of ₹1.32 lakh crore, underscoring the company's strong operating performance. Strong collections give a developer the balance sheet strength to keep buying land without over-leveraging, which is a reassuring signal for buyers evaluating a builder's ability to deliver on time.
Across its overall portfolio, Prestige's land holdings remain heavily weighted toward its home market. The company's land bank now spans 1,080 acres, with a Prestige economic share of 883 acres, providing development visibility across multiple cities, with Bengaluru continuing to account for a significant portion of the land holdings, followed by Hyderabad, Chennai, Mumbai, Goa and NCR markets.
Of the four new parcels, Medavakkam in Chennai is the one closest to converting into an actual project buyers can track. Prestige already has an upcoming residential development planned in this South Chennai micro-market. Prestige Medavakkam is a 25-acre upcoming luxury project in Chennai offering 2, 3 and 4 BHK apartments, with possession expected by December 2028. Homebuyers interested in this corridor should watch for RERA registration and formal price announcements in the coming quarters, as land-to-launch timelines for Prestige typically run between 8 and 18 months depending on approvals.
