Prestige Group's Big Growth Plans For Fy26: What Homebuyers And Investors Should Know

Prestige Group, one of India's top real estate companies, is aiming for a big jump in sales for the year 2025-26, also called Fiscal Year 2026 (FY26). They plan to sell properties worth Rs 27,000 crore — that's almost 60% more than what they sold last year. This article explains what's behind this goal and how projects like Prestige Oakville in Bangalore fit into their plans.

Last year, Prestige Group missed their sales target because some projects got delayed due to government approvals. But this year, the company's chairman, Irfan Razack, says their new target is safe and even on the low side.

The year started well for them. One big project near Delhi called "The Prestige City Indirapuram" sold homes worth Rs 6,500 crore out of a total value of Rs 9,000 crore. That's a strong start for the year.

Prestige Group plans to launch 25 new housing projects this year across many big cities like Bengaluru, Chennai, Hyderabad, Mumbai, Delhi, and Goa. These projects will cover nearly 45 million square feet and could bring in more than Rs 42,000 crore in sales.

In Bengaluru, a key project is Prestige Oakville in Whitefield. This project sits on 15 acres and has 12 towers with more than 2,000 apartments and villaments. Buyers can choose 2, 3, or 4-bedroom homes ranging from 750 to nearly 3,000 square feet. Prices start around Rs 95 lakhs. Prestige Oakville offers a good mix of luxury, space, and modern living in a fast-growing area.

Even though sales slowed down last year because of delays, Prestige managed to increase the price per square foot for their homes by over 30%. This shows people trust their brand and are willing to pay more for their properties.

They also have a big stock of homes ready to sell, worth about Rs 20,000 crore. This means they have many options available for buyers right now.

Besides their usual cities, Prestige is also growing in places like Pune and Goa. They're also investing more in hotels and serviced apartments. Their hotel business plans to raise around Rs 2,700 crore through an initial public offering (IPO) to help fund this growth.

Experts expect India's real estate market to grow a lot over the next year or two. By 2026, the market could be worth $400 billion, with more than 70% coming from housing. Over 10 million new homes might be built in India soon.

This growth is helped by:

• More people moving to cities needing homes
• Rising incomes letting people buy better houses
• Government programs making housing more affordable
• Lower interest rates making loans cheaper

Prestige Group still faces some challenges like delays in approvals, land buying issues, rising construction costs, and global economic uncertainties. But because they are a large and trusted company, they are better prepared to handle these problems than smaller builders.

Among all their projects, Prestige Oakville is important. Located in Whitefield, a fast-growing area in Bangalore with many IT jobs, Oakville offers homes with modern features and green spaces. It shows Prestige's focus on giving buyers quality homes in good locations.

In short, Prestige Group is ready to grow a lot in FY26. With many new projects launching and buyers interested in quality homes, this year looks promising for the company and homebuyers alike. Projects like Prestige Oakville offer a chance to own a good home backed by a trusted name.