• Hospitality stake sale: Prestige Group has signed a term sheet with CPPIB to dilute up to 28% of its hospitality arm for Rs 3,000 crore to fund CAPEX, targeting an IPO exit around 2029–2030 as it scales beyond its current 1,450 trading keys.
• Pre-sales growth guidance: The company remains confident of achieving 20% pre-sales growth over last year, backed by strong consumer demand and upcoming launches across Bangalore and Chennai.
• Profit margin outlook: Management targets a bottom-line EBITDA margin of around 30% and PAT margins of 10–11%, noting that quarterly housing figures fluctuate due to front-ended project expenses and revenue recognition only at 100% completion.
• Commercial REIT plans: Office asset expansion across Mumbai, Bangalore, Hyderabad, and Chennai is expected to reach an exit rental run rate of around Rs 2,800 crore by 2029–2030, marking the planned timeframe to monetize the portfolio via a REIT listing.