About Prestige Estates Projects Ltd

Prestige Estate Projects has diversified business model across various segments, viz Residential, Office, Retail, Hospitality, Property Management and Warehouses with operations in more than 12 major locations in India. Business Portfolio FY24 1. Residential: The co has completed 150 residential projects comprising a total area of 127 mn sq. ft. Currently, it has 37 ongoing projects for 65 msqft and 30 projects under the planning stage for 75 mn sqft. 2. Commercial Offices: The co has completed 125 office projects comprising a total area of 50 mn sq. ft. Under this segment, it currently has 12 ongoing projects for 23 mn ***** and has 7 projects under the planning stage across 8 mn sqft. 3. Retail: The co has completed 13 retail projects comprising a total area of 10 mn sq. ft. Under this segment, it currently has 1 ongoing projects for 1 mn Sq. ft and 6 projects for total 6 mn sqft are under the planning stage.[4] 4. Hospitality: The co. develops landmark hotels, resorts, spas and service apartments. the co has completed 12 projects comprising a total of 4 mn sqft(Operating 10 Hotels - 1439 Keys). Under this segment, it currently has 3 ongoing projects of toal 3 mn sqft(566 Keys) and 5 projects are under planning comprising 2 mn sqft (2575 keys).[5] 5. Property Management Services: The portfolio is balanced across different assets. 185 projects under Maintenance with total area of 120 mn sqft, 95 projects in Pipeline with total area of 150 mn sqft.[6] Revenue Segments FY24[7] Residential: ~65% Services: ~12% Hospitality: ~10% Office: ~4% Retail: ~3% Others: ~6% Geographical Split FY24[8] Bengaluru: 58% Hyderabad: 24% Mumbai: 15% Koch/Calicut: 1.2% Chennai: 0.7% Goa: <1% Mangalore: <1%