Poging GOUD - Vrij
Prestige targets mid-income homes
Mint Mumbai
|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.
Dit verhaal komt uit de October 06, 2025-editie van Mint Mumbai.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Mumbai
Mint Mumbai
Rural users central to capacity utilization: Starlink
Elon Musk-owned Starlink on Wednesday said a large part of its capacity will remain underutilized in India if the country's rural users are not brought onto its soon-to-be launched satellite internet services.
1 min
October 09, 2025
Mint Mumbai
Our lacklustre market: The fault, dear investor, is not in our stars
Foreign investors have rational and opportunistic reasons to pull money out but the India Story must refresh its appeal too
4 mins
October 09, 2025
Mint Mumbai
Airtel's chief flags regulatory overreach in telecom sector
Telcos face disproportionate regulatory burden compared to other digital players, Vittal said
3 mins
October 09, 2025
Mint Mumbai
America should think before it slams its door on immigration
The benefits of it are subtle but compelling enough to keep it going
3 mins
October 09, 2025
Mint Mumbai
India plans to launch carbon mkt portal by January
In a significant step in India's climate action journey, the Centre plans to launch the Indian Carbon Market (ICM) portal by January next year, according to two officials aware of the development.
1 min
October 09, 2025
Mint Mumbai
Pharma deals soaring, but top drugmakers hold back
Pharma sector has surged over the past two years
2 mins
October 09, 2025
Mint Mumbai
ReNew in $190-million Sembcorp solar deal
Nasdaq-listed firm is selling assets as part of its capital recycling strategy
2 mins
October 09, 2025
Mint Mumbai
RBI restricts Baghat Urban Co-op Bank
The Reserve Bank of India (RBI) has imposed several restrictions on Solan-based The Baghat Urban Cooperative Bank, including a ₹10,000 cap on withdrawal per customer.
1 min
October 09, 2025
Mint Mumbai
OTT festive makeover: Storytelling, sentiment and new screen economy
While India gears up for its most glittering season, OTT platforms are quietly working behind the scenes to grab a slice of your festive downtime—with fresh lineups, cultural hooks and family friendly stories designed for living room marathons.
2 mins
October 09, 2025
Mint Mumbai
TPG-backed lender Fibe hires bankers for ₹1k-1.5k crore IPO
TPG-backed online lending platform Fibe has shortlisted three investment bankers to steer its initial public offering (IPO), through which it plans to raise between ₹1,000 crore and ₹1,500 crore at a targeted valuation of over $1 billion, three people familiar with the matter said.
1 mins
October 09, 2025
Listen
Translate
Change font size