Prestige Group Eyes 20% Growth in FY27, Targets Rs 60,000 Crore Launch Pipeline

Prestige Group wants to grow 20% this financial year. The Bengaluru-based builder plans to launch homes worth Rs 60,000 crore by March 2027. That figure is the gross development value, or GDV, of its full pipeline. This target builds on a strong FY26. The company sold Rs 30,000 crore worth of homes that year.

Praveer Shrivastava heads residential sales at Prestige Group. He shared the plan in a recent interview. He said the firm will launch homes worth Rs 50,000 to 60,000 crore this year. In Q1 of FY27, it launched Rs 10,000 crore worth of homes. It plans to launch another Rs 40,000 crore in Q3 and Q4.

If you track Indian real estate, this scale stands out. Few builders plan such a large launch in one year.

What Is Driving This Growth Plan

Shrivastava said Prestige Group is focused on tier-1 cities. He believes these cities still hold a lot of untapped demand. The firm also plans to grow in Mysuru, Pune, and Goa this year.

"We are already in Ghaziabad in the Delhi-NCR region," Shrivastava said. "We will expand this year in Noida and Gurugram." He said tier-2 growth depends on the right opportunity. For now, tier-1 cities hold most of the untapped demand.

This tier-1 focus shows up in the firm's project mix. Prestige Group has built recent growth around large, planned launches in cities like Bengaluru. Prestige Parklane in Devanahalli is one such launch. It spans over 32 acres. It fits the same tier-1 push Shrivastava spoke about.

Rising Input Costs, Steady Demand

Shrivastava also flagged a cost pressure hitting the wider industry. Input costs have risen 2 to 3% across raw materials. This sits on top of usual inflation. He linked the rise to the West Asia crisis.

"Input cost has gone up by 2-3% on raw materials," Shrivastava said. "This is on top of usual inflation, due to the West Asia crisis." He expects costs to hold at this level through the year.

Buyer demand has stayed strong despite this cost rise. Shrivastava said some Prestige Group projects in Chennai, Mumbai, Hyderabad, and Bengaluru have posted record sales. Buyers are not pulling back, even as costs edge up.

If you track input costs as a buyer or investor, this rise is worth noting. It could push prices up in future launches. This is more likely in premium homes. There, raw material costs form a bigger share of total cost.

Where Growth Will Come From

Shrivastava named Bengaluru, Hyderabad, and Chennai as the growth engines ahead. These three cities show steady demand across price bands. This spans mid-income homes to luxury townships.

Delhi-NCR tells a different story. Shrivastava said the firm will grow slower there. The region already carries a large stock of unsold homes. Between the Rs 6 crore and Rs 12 crore price band, over 1,000 units sit unsold. This is why Prestige Group is moving slowly in NCR, even as it enters Noida and Gurugram.

Mid-income housing is seeing strong demand, though. Shrivastava said mid-income projects in Bengaluru, Chennai, and Hyderabad are selling fast. This matches a wider trend in Indian real estate. Mid-segment homes often outsell ultra-luxury stock in tier-1 cities.

What This Means for Buyers and Investors

If you're watching Bengaluru's market, this pipeline points to fresh supply. More homes will enter the market over the next two quarters. Projects like Prestige Parklane show how the firm plans large townships. It builds them around good roads and green spaces. Expect more launches in this style through FY27.

Investors tracking Prestige Group should note three points here. First, most of the pipeline sits in the second half of FY27. Rs 40,000 crore of homes are set for Q3 and Q4. Second, rising input costs may squeeze margins a bit. Shrivastava expects costs to stay flat, not climb further. Third, the firm's shift toward mid-income homes in South India shows where demand runs strongest.

A Bigger Picture for Indian Real Estate

Prestige Group's FY27 plan reflects a wider shift in Indian real estate. Builders with a strong record in South India are scaling up fast. They are betting on city growth and rising incomes in tier-1 markets. At the same time, high-ticket homes in Delhi-NCR are cooling off. This pushes builders to spread their bets across price bands and cities.

For Prestige Group, that means more focus on Bengaluru, Hyderabad, and Chennai. It also means careful growth in newer markets like Pune, Mysuru, and Goa. Prestige Parklane shows what this plan looks like on the ground. Large land, strong roads and homes built for many kinds of buyers.

With Rs 60,000 crore in planned launches, Prestige Group is set for a busy year. Steady demand across its key cities backs this plan well. Rising input costs remain a small risk, but Shrivastava does not expect them to derail the pipeline. The firm looks set to stay one of India's most active developers through FY27.

FAQs