कोशिश गोल्ड - मुक्त
Prestige targets mid-income homes
Mint Chennai
|October 06, 2025
Luxury housing has continued its sales run in an upbeat real estate sector, but high sales volumes will come from mid-income housing projects, a top Prestige Group executive said.
Irfan Razack, chairman and MD, Prestige Group.
To balance its portfolio with projects across price segments, Bengaluru-based Prestige plans to build more relatively affordable homes to cater to a wider customer base. Even in a pricey market such as the Mumbai Metropolitan Region, the developer with a multi-city footprint is looking for land in Thane and Navi Mumbai to develop mid-income projects.
In 2025-26, Prestige aims to clock around ₹27,000 crore of residential sales, on the back of strong housing demand and a large launch pipeline. It did ₹17,023 crore of sales in FY25.
In the April-June quarter, among the top listed developers, Prestige reported the highest sales at ₹12,126 crore, driven by high-ticket project launches and a strong performance in the National Capital Region.
यह कहानी Mint Chennai के October 06, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Mint Chennai से और कहानियाँ
Mint Chennai
Relief for Amazon in ₹336 cr trademark case
The Supreme Court (SC) on Tuesday granted a major reprieve to Amazon Technologies, a subsidiary of global e-commerce giant Amazon Inc., in a trademark infringement dispute with Lifestyle Equities CV, the owner of the Beverly Hills Polo Club (BHPC) brand.
1 mins
October 08, 2025
Mint Chennai
Top law firm partners defy risks to start boutique firms
Karishma Sundara had already spent six years working at India's top law firms before joining Trilegal, another marquee name in the country's legal profession, as an equity partner three years ago.
2 mins
October 08, 2025
Mint Chennai
AI-driven suicide: Are Chinese chatbots safer than American?
The jury's out but an AI race shouldn't be an excuse to ignore safety
3 mins
October 08, 2025
Mint Chennai
Nayara revives overseas fuel sales
Indian refiner Nayara Energy Ltd—a target of European Union (EU) sanctions aimed at hobbling flows of Russian crude—has broadened efforts to sidestep the curbs by restoring sales to distant markets, including Brazil.
1 min
October 08, 2025
Mint Chennai
No risk from algo trades, says Sebi ED
India’s market regulator does not see risks in retail investors using algorithmic trading under the new ‘safer’ framework, said Manoj Kumar, executive director, the Securities and Exchange Board of India (Sebi).
1 min
October 08, 2025
Mint Chennai
Al's antitrust risks call for a firm CCI response
India’s competition regulator has released a report on how AI could warp markets unfairly. It also exhorts businesses to regulate themselves. But what we need is action, not just advice
2 mins
October 08, 2025
Mint Chennai
The rupee's new depths against the US dollar: What's going on?
India’s fundamentals are fine and it is mostly external factors that have weakened its currency
4 mins
October 08, 2025
Mint Chennai
LG Electronics IPO fully subscribed
LG Electronics India's $1.3 billion initial public offering (IPO) was fully subscribed on the first day of bidding on Tuesday, underscoring investor optimism about the country’s second-largest appliance maker.
1 min
October 08, 2025
Mint Chennai
HC upholds SBI's fraud tag on Anil Ambani, RCom accounts
The Bombay High Court while upholding an order of the State Bank of India (SBI) classifying the accounts of industrialist Anil Ambani and Reliance Communications as fraud has said it was a reasoned order, and did not have any legal flaw.
1 min
October 08, 2025
Mint Chennai
Home-cooked meal costs decline in Sep
The cost of both vegetarian and non-vegetarian meals, or thalis, declined year-on-year in September, offering some relief to households.
1 min
October 08, 2025
Listen
Translate
Change font size