Prestige Adds ₹68,500 Crore Land Bank in Q3 FY26

Prestige Estates Projects Limited has continued its aggressive land-banking run into the October-December quarter of FY26, adding four land parcels with an estimated revenue potential of ₹68,500 crore. This figure comes from the company's latest investor presentation for Q3 and nine months ended December 2025. The move underlines the Bengaluru-headquartered developer's continued confidence in India's housing demand cycle, even as it comes off a record-setting run of sales bookings through FY26.

The newly acquired land is spread across four locations. 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. Notably, the Medavakkam parcel in Chennai is a significant one on its own — Prestige purchased a 25-acre land parcel in Medavakkam, Chennai, to develop a housing project with an estimated revenue of more than Rs 5,000 crore, offering development potential of approximately 5 million square feet. The Chikkamagaluru entry is particularly interesting, marking a push by Prestige beyond its usual metro strongholds into an emerging growth corridor in Karnataka.

The acquisitions form part of the company's broader strategy to strengthen its long-term development pipeline, expanding Prestige Estates' presence in both established urban centres and emerging growth corridors. Management has been clear about the intent behind these purchases. 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 that Prestige continues to prioritise land acquisitions that offer scalability, infrastructure access and demand visibility, supporting phased project launches over the medium to long term.

This isn't a one-off quarter. Zooming out to the nine-month picture for FY26, the scale of Prestige's land banking becomes even more apparent. 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 nine-month tally builds on an already busy first quarter, when Prestige Estates Projects Ltd made a significant land play, acquiring 102 acres across Bengaluru, Hyderabad, Chennai, and Mumbai, with parcels carrying an estimated combined Gross Development Value of ₹20,400 crore.

The land bank expansion is happening against a backdrop of strong operating performance. 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. For the full fiscal, the company closed out FY26 on a high note. As per board-approved results announced on 21 May 2026, the group recorded ₹30,024.5 crore in sales, showing 76% year-on-year growth, with collections at ₹18,514.6 crore, the group's highest-ever collection figure. Chairman and Managing Director Irfan Razack struck an upbeat tone on the year's performance, noting that the company has closed FY26 on a strong note, with steady sales momentum, and that demand across key markets has remained encouraging while focus on quality, location, and timely execution continues to resonate with customers.

What does this mean for prospective homebuyers? A larger, well-distributed land bank typically translates into a steadier pipeline of new launches over the next 24-36 months, rather than a rush of supply in any single micro-market. Buyers eyeing Hyderabad's Lakdaram-Rajendra Nagar belt, Chennai's fast-developing Medavakkam corridor, or even Chikkamagaluru's emerging real estate scene should expect Prestige to formally launch projects on these parcels only after statutory approvals and detailed planning are completed — a process the company has explicitly flagged. The company noted that development timelines and project configurations will be finalised post statutory approvals and detailed planning.

For now, this land bank update is best read as a forward indicator rather than an immediate launch announcement. It confirms that Prestige — currently one of India's largest listed developers by sales bookings — is not slowing down its expansion strategy, and it gives serious homebuyers and investors a set of locations to watch closely as 2026 progresses into new project announcements.