Prestige Estates Projects is gearing up for an aggressive expansion in West India, lining up a capital expenditure of ₹8,000–10,000 crore over the next two to three years as it deepens its presence in the Mumbai Metropolitan Region (MMR) and eyes a meaningful entry into Pune.

The Bengaluru-based developer, which has already launched ₹25,000 crore worth of residential projects in MMR, is now scaling both its residential and commercial portfolios as it seeks to capitalize on strong market traction in the region, according to a report by Business Standard.

Tariq Ahmed, chief executive officer, West India, Prestige Group, said currently, Prestige has six ongoing residential projects spanning 8.81 million square feet (msf) worth over ₹27,000 crore across MMR. The company has three upcoming residential projects spanning 5.81 msf across MMR and a 50-acre land parcel in Pune.

“Over the next two years, we have visibility into probably over 15 projects that we can add. We are constantly looking at the business development pipeline and looking to add on,” Ahmed said.

On the commercial front, the company has two projects underway spanning 7.71 msf. It aims to double this portfolio in the coming years as it targets to focus on both residential and commercial segments equally. It has three upcoming office projects of 3.1 msf apart from a retail development of around 2 lakh square feet to complement its ₹10,000-crore township in Mulund.

Prestige’s overall revenue in the financial year 2025 (FY25) stood at ₹7,349.4 crore, while in the first half of FY26 (H1 FY26), it stood at ₹4,739 crore. In H1FY26, the company achieved sales of ₹18,143.7 crore. Mumbai’s contribution to these sales remained at 16 per cent (₹2,820.2 crore), led by Prestige Nautilus in Worli, where over 60 per cent of uber-luxury inventory worth ₹4,400 crore was sold within a few months of launch.

Annually, Prestige’s West team contributes about 20 per cent to the group’s total revenue. Going ahead, Ahmed expects this share to hover around 20-25 per cent. “South India will always be in the neighbourhood of 40-50 per cent at least. The big markets will be South, including Hyderabad, Delhi, and Mumbai,” Ahmed added.

Prestige aims to scale up its portfolio in the West with its focus on redevelopment, including slum rehabilitation authority (SRA) and society redevelopment projects via joint development, the ₹2-5 crore segment, and ‘Homes for All’ strategy.

For its expansion in the region, the company is interested in the micro-markets of the Thane-Navi Mumbai area, Goregaon, Borivali, and Andheri within MMR and Pune, as the reception of its projects has been good, and it aims to capitalise on that.

“We need to expand further with the western suburbs and add more presence in the east. Separately, beyond the city of Mumbai. Pune is a market that is absolutely a copy-paste of the metrics that we see in Bengaluru in terms of the buyers who tend to be largely IT-oriented and who have the same sort of habits in buying the types of homes similar to Bengaluru,” Ahmed said.

Ahmed stated that the company wants to enter Pune in a “classic, Prestige way of finding something substantial”. “We want to really find something major and enter Pune. That’s what we’re hunting for. We’re hopeful we’ll find something soon,” he added.