• Mumbai project timeline: Construction continued uninterrupted following the Bombay High Court order and customer dispute settlements, with towers expected to top out by January 2027 and reach completion by 2028.
• Hospitality expansion plans: Prestige partnered with CPPIB for a ₹3,000 crore private equity transaction to reduce debt and expand hospitality assets, deferring an IPO until developments like the Delhi Aerocity project begin trading.
• Sales and guidance: Operating performance in Q2 improved over Q1, and management expects to meet or exceed its full-year guidance supported by steady realizations and strong launches in Q3 and Q4.
• Commercial revenue timeline: The 2.8 million square foot Lakeshore Drive asset is 100% leased with full revenue kicking in from October, while Prestige Tech Forest is slated to be fully leased and yielding revenue by April.