Prestige Group Latest News

Prestige Group shows the land bank, Reports Strong Growth in Q1 FY26, and Announces Plans for Hospitality IPO. One of the biggest real estate companies in India, Prestige Estates Projects Ltd., has started the new fiscal year on a strong note with aggressive land buys, big sales goals, and good financial results.

In the first quarter, Prestige Group bought 102 acres of land to build homes worth ₹20,000 crore. They made a deal with Marriott International to open two more hotels in Delhi, which will give Marriott a total of 779 more rooms.

The Prestige Group also bought 62.5 acres in Ghaziabad so that they could build a city. Prestige Group bought 102 acres of good land in Bengaluru, Hyderabad, Chennai, and Mumbai in the first quarter of FY26 (April–June 2025).

• 28 acres in Tellapur and 37 acres in Pulimamidi, both in Hyderabad.
• 10 acres in Poojanahalli-Devanahalli, 7 acres in Kothanuru, and 10 acres in Ittangur, Sarjapura are all in Bengaluru.
• 3.48 acres in Velachery, Chennai, bought through a partnership with Arihant Foundations and Housing Ltd.
• 6.3 acres of great land in Mumbai.

With these new adds, the group hopes to start a number of high-value home projects, which will help it reach its FY26 sales bookings goal of ₹27,000 crore. Prestige Group also wants to start projects worth ^50,000 crore in a number of important towns.

The financial figures for Q1 FY26 from Prestige Group show that the market is doing well and the company is growing strategically. The company made more money and had a bigger net profit, up 26% year-over-year to ₹292.5 crore. Its total income also went up, to ₹2,468.7 crore. There are 67 upcoming projects in North and South Bangalore including retail, commercial, and residential.

Prestige Group recently announced good sales in Mumbai. Their new project, Prestige Nautilus, made a big difference in Q4 FY25 sales, even making Bengaluru the first city to contribute more to quarterly sales.

The Income Tax Department raided several sites of the Prestige Group. The searches happened at the company's main office and branch offices in Goa, Delhi, and Bengaluru, among other places.

Prestige Group has a large land bank, their quarterly performance went up sharply, and they are planning to go public soon. The company is confident in India's housing market and the rising demand in both metro and developing cities, which shows in its aggressive plan for growth.

prestige group pre launch new project is Prestige Evergreen