Due to the increase in demand, major real estate companies including Prestige Estates Projects, Sattva, Sobha, Brigade Enterprises, Suraj Estate Developers, and Hiranandani Group are increasing their investments and portfolios. To meet demand and stay competitive, these companies have declared large portfolio expansions and investments in land banks.
With a goal of achieving a gross development value of Rs 25,000–30,000 crore for residential projects, the Prestige company intends to invest Rs 4,000–5,000 crore in land in FY25. In addition, construction across asset classes is expected to cost between Rs 6,000 and Rs 7,000 crore. With residential complexes estimated to be worth over Rs 60,000 crore, the Prestige company has announced a substantial launch for FY25. These initiatives are spread throughout several important regions, with notable debuts in Bengaluru, Chennai, Hyderabad, Goa, Mumbai, Delhi-NCR, and Hyderabad among them.
Source – Business Standard
