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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.

- Madhurima Nandy

Prestige's FY24 sales top 21,040 crore

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.

MEER VERHALEN VAN Mint Mumbai

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These firms will sell shovels during semaglutide gold rush

Weight-loss drug semaglutide, also used to treat type-2 diabetes, will face its next big turning point in early 2026, when patents held by Novo Nordisk expire in India.

time to read

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Mint Mumbai

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'First-gen founders take bigger investment risks'

India’s markets are minting a new class of first-generation millionaires: entrepreneurs who’ve scaled ideas into Initial public offerings (IPOs) and unlocked unprecedented personal wealth.

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Mint Mumbai

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EV, hydro boom to power 6x rise in battery storage by ‘47

India is preparing to meet a projected cumulative battery energy storage capacity of nearly 3 terawatt-hours (TWh) by 2047 across electric mobility, power, and electronic components, according to two people aware of the development, with electric vehicles (EVs) expected to contribute a third of the demand.

time to read

2 mins

November 27, 2025

Mint Mumbai

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Candidates using AI? No, thanks, say IIT recruiters

As the annual placement season dawns at the Indian Institutes of Technology (IITs), colleges and recruiters are working to bar artificial intelligence (AI) tools and prevent cheating at test venues, a concern that first rose last year.

time to read

3 mins

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Mint Mumbai

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Taxpayer base soars, but return filings lag sharply: CBDT data

India’s income tax base is growing faster than the number of those conscientiously filing returns, driven by the expanding reach of the tax deducted at source (TDS) system, according to latest data from the central board of direct taxes (CBDT).

time to read

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November 27, 2025

Mint Mumbai

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Market nears peak on dollar tailwind

Stocks jump 1.2%, but futures rollovers signal weak conviction

time to read

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Mint Mumbai

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SP Eyes Tata exit to cut debt costs

Debt-laden Shapoorji Pallonji Group is banking on Tata Trusts softening the stance on its potential exit from Tata Sons to reduce its borrowing costs, two people aware of the matter said.

time to read

2 mins

November 27, 2025

Mint Mumbai

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MO Alternates launches its maiden private credit fund

The %3,000 crore fund has drawn capital from family offices, ultra-HNIs and institutions

time to read

3 mins

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Mint Mumbai

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HP to cut jobs after profit outlook miss

HP Inc.gave a profit outlook for current year that fell short of estimates and the company said it will cut 4,000 to 6,000 employees through fiscal 2028 by using more AI tools

time to read

1 mins

November 27, 2025

Mint Mumbai

Apple set to regain top smartphone maker spot after 14 yrs

Apple Inc.will retake its crown as the world’s largest smartphone maker for the first time in more than a decade, lifted by the successful debut of a new iPhone series and a rush of consumers upgrading devices, according to Counterpoint Research.

time to read

1 min

November 27, 2025

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