PrestigE Estates Upcoming Projects: Renowned real estate company Prests Estates Projects Limited is planning to introduce housing projects worth Rs 30,000 crore in the current quarter (January-March 2025) in major cities of the country to meet tremendous consumer demand. According to the company’s discussion with market experts, Zayed Noman, Executive Director of Pesties Estates in Bangalore, said that the company will introduce ‘Projects worth Rs 30,000 crore’ in the current quarter.
Real estate company will start projects in these big cities including Delhi, Mumbai
Zayed Noman said, “We are saying this with full confidence because most of these projects have been ‘login’ for real estate regulatory authority (RERA) and will be introduced in the next few weeks.” Noman said that the company will mainly start projects in Bengaluru, Delhi-NCR, Chennai and Mumbai. Asked if the company will be able to meet the sales target of Rs 24,000 crore for this entire financial year, the chairman and managing director (CMD) of the Prestlese Group, Irfan Razak said that it is possible, provided the company to start projects to start projects. Get regulatory approval for.
The company sold 3618 units in the first 9 months of the current financial year
Pesties Estates’ sales booking booking has declined by 38 percent to Rs 10,065.7 crore during the April-December period of the current financial year (2024-25), as it launched a small number of housing projects due to delay in regulatory approval. According to its latest investor presentation, the company sold an area of 80.9 lakh square feet on receiving an average sales of Rs 13,128 per sq ft during the first 9 months of the current financial year. The number of units sold was 3,618, while the selling price was Rs 10,065.7 crore and the collection from customers was Rs 8,910.9 crore.
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