• Delhi NCR expansion: Prestige Group signed a new residential project in Gurgaon with a GDV of approximately 5,500 crore, bringing total GDV across three new NCR developments to around 13,500 crore with an expected execution timeline of under four years.
• MMR project pipeline: The company is expanding in the Mumbai Metropolitan Region with key projects including Prestige Falcon City in Thane, which carries a GDV of around 9,000 crore and is targeted for launch around October–November, alongside Prestige Grove Park in Borivali.
• Financial guidance targets: The company remains on track to meet its annual pre-sales guidance of 36,000 crore despite quarter-to-quarter launch variations, while aiming for collections of 20,000 crore during the financial year.
• Hospitality monetization strategy: A term sheet has been signed with CPPIB for a stake sale in the hospitality portfolio pending regulatory approvals, deferring a public IPO for an estimated four to five years to first scale and operationalize hotel keys.