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Prestige's FY24 sales top 21,040 crore
Mint Mumbai
|April 09, 2024
Real estate firm Prestige Group sold homes worth 21,040 crore in FY24, a record by any developer, amid an ongoing housing boom in India.
The Bengaluru-based firm on Monday said that sales in FY24 marked a 63% year-onyear increase, rising from ₹12,931 crore in FY23.
Surpassing 20,000 crore in annual sales marks a new benchmark, not only for the Prestige Group but also for the real estate industry.
In FY23, Prestige Group, along with three other real firms-Gurugramestate based DLF Ltd, Mumbai's Godrej Properties Ltd (GPL), and Macrotech Developers Ltd had each reported sales bookings exceeding 12,000 crore, a first in the industry.
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