Prestige Group Commercial Project 2026 Update

Prestige divides its commercial portfolio into completed, ongoing and upcoming projects. The company has already built a large base of office and commercial space, while another 35 million sq. ft. is either under development or in the future pipeline.

This gives a clear picture of the commercial business in 2026. Prestige is not only operating completed assets. It also has a large pipeline that will add new office and business space over the next few years.

Prestige lists several property types under its commercial business. These include office spaces, built-to-suit campuses, corporate offices, IT parks, warehouses and industrial parks.

This makes the commercial portfolio wider than only office towers. The group also works on large business campuses and warehousing projects. The current pipeline shows this mix, with office-led projects in major cities and a warehousing development in Kolar.

Prestige has 10 ongoing commercial projects covering about 18 million sq. ft. Six are in Bengaluru, three are in Mumbai and one is in Delhi.

The major ongoing projects are:

The largest ongoing project is The Prestige, Mumbai, with 4.28 million sq. ft. Prestige has a 90% economic interest in this project, equal to a 3.86 million sq. ft. share.

Bengaluru has the highest number of ongoing Prestige commercial projects. The six developments together cover 8.44 million sq. ft., with a 5.34 million sq. ft. Prestige share.

Prestige Century Landmark is the largest Bengaluru project in this group at 2.93 million sq. ft. Prestige Techzone follows at 2.53 million sq. ft. Prestige Waterfront and Prestige Tech Habitat are the two Bengaluru projects listed for FY27 completion.

Mumbai has three ongoing projects with a combined 9.05 million sq. ft. of developable area. The Prestige share is 8.01 million sq. ft.

The projects are Prestige 1O1 BKC (X), Prestige 1O1 BKC (Y) and The Prestige, Mumbai. The two BKC projects are planned for FY28, while The Prestige, Mumbai is listed for FY29.

By total area, Mumbai has a larger ongoing commercial pipeline than Bengaluru in the Q1 FY27 report.

Prestige also has 12 upcoming commercial projects covering about 17 million sq. ft. These projects are planned across Bengaluru, Mumbai, Chennai, Kochi and Kolar.

Some of the largest upcoming developments are:

• Prestige Lake Shore Drive Phase II, Bengaluru: 4.84 mn sq. ft.
• Prestige Chambers 51, Mumbai: 2.72 mn sq. ft.
• Shipco, Kolar: 2.04 mn sq. ft.
• Prestige Quantum, Mumbai: 1.63 mn sq. ft.
• The Prestige Place - Commercial, Mumbai: 1.31 mn sq. ft.
• Prestige One West, Chennai: 1.25 mn sq. ft.

Prestige Lake Shore Drive Phase II is the largest upcoming commercial project in the current list. Prestige has a 95% economic interest, with a share of 4.60 million sq. ft.

Several upcoming projects are planned for FY27. These include Prestige Lake Shore Drive Phase II, Shipco, Prestige Cyber Green Phase II, Prestige Vantage Point, Prestige One West, Prestige Quantum and Prestige Chambers 51.

Other projects are planned for FY28. These include Prestige Tech Park 5, Commercial - Kensington Road, Prestige Turning Point, Prestige Holland and The Prestige Place - Commercial.

Prestige also makes it clear that projects in the planning stage can change. The final area may vary based on design and approvals.

Prestige expects strong growth in income from its commercial portfolio. The Q1 FY27 report gives ₹8,652 million in exit rentals for FY27. The figure is then projected to rise sharply as more commercial assets become operational.

The company gives a 39% CAGR for this growth. By FY31, the projected annual commercial income reaches about ₹4,436 crore.

Prestige has also set out the balance amount needed for its ongoing and upcoming commercial projects. The Prestige share of the balance to spend is ₹116,252 million, or about ₹11,625 crore.

Of this amount:

• Ongoing commercial projects: ₹63,828 million
• Upcoming commercial projects: ₹52,424 million
• Total Prestige share: ₹116,252 million

The total balance cost across all interests is ₹139,997 million. These figures show the scale of commercial construction and development still planned by Prestige.

The commercial segment generated ₹1,604 million in revenue during Q1 FY27. EBITDA, excluding other income, was ₹1,282 million, giving an EBITDA margin of 80% for the segment.

The segment reported EBIT of ₹850 million and PBT before JV share of ₹449 million. PAT stood at ₹318 million. These figures are for the commercial segment as reported by Prestige in Q1 FY27.

Prestige Falcon City Reserve is not listed as a commercial project. The Q1 FY27 report places The Falcon City Reserve under the upcoming residential projects in Bengaluru. It was earlier called Prestige Falcon City Luxe.

The project has 4.38 million sq. ft. of developable area and is listed for FY27. Prestige has a 76% economic interest and a 3.33 million sq. ft. share. The commercial projects discussed on this page belong to a separate business pipeline.

The Prestige Group commercial portfolio in 2026 has 129 completed projects covering 57 million sq. ft., 10 ongoing projects covering 18 million sq. ft. and 12 upcoming projects covering 17 million sq. ft.

The ongoing and upcoming pipeline together adds about 35 million sq. ft. Prestige also expects commercial income to rise from ₹8,652 million in FY27 to ₹44,360 million in FY31. Its current commercial growth plan covers major markets such as Bengaluru, Mumbai, Delhi, Chennai, Kochi and Kolar.