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A portion of these funds has already been committed to ongoing projects, with the balance expected to be deployed by the end of FY25
Bengaluru-based Prestige Group has announced a significant investment of ₹10,000 crore in the residential real estate sector by the end of FY25. This strategic move, revealed by Praveer Srivastava, Senior Vice President of Residential Sales at Prestige Group, aims to bolster the company’s portfolio with ambitious expansion plans across key Indian cities.
The investment includes ₹3,000 crore allocated for acquiring additional land units, while the remaining ₹7,000 crore will be directed toward the construction and development of new projects. A portion of these funds has already been committed to ongoing projects, with the balance expected to be deployed by the end of FY25. Prestige Group, a publicly listed company, has set an ambitious sales target of ₹25,000 crore for FY25. The company’s upcoming project launches are expected to generate a Gross Development Value (GDV) of approximately ₹60,000 crore. At the start of the current fiscal year, the Group had an inventory worth ₹10,000 crore in terms of GDV.
The company is focusing on expanding its presence in major cities including Delhi-NCR, Goa, Hyderabad, Mumbai, Chennai, and Bengaluru, with a particular emphasis on South India. Around 75% of launches and more than 70% of the total sales value, according to Srivastava, are expected to originate from the south. This investment and expansion strategy reflect Prestige Group's commitment to strengthening its market position in India's competitive real estate sector.
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