Target: ₹2,295
CMP: ₹1,690.25
Prestige Estates (PEPL) boasts a diversified portfolio that spans residential, office, retail, and hospitality sectors. The company projects an incremental business development (BD) of ₹33,100 crore for the first half of FY26, alongside a substantial launch pipeline valued at ₹77,000 crore. This growth trajectory is expected to drive a compound annual growth rate (CAGR) of 40 percent in pre-sales from FY25 to FY28, ultimately reaching ₹46,300 crore by FY28.
PEPL aims to expand its footprint in the office and retail sectors, targeting a combined area of 50 million square feet (msf), while also enhancing its hospitality offerings. It is anticipated that combined office and retail rental income will achieve a CAGR of 53 percent, culminating in ₹2,510 crore. Concurrently, the hospitality segment is expected to grow at a CAGR of 22 percent over FY25 to FY28, with forecasted revenue reaching ₹1,600 crore.
By FY30, PEPL’s commercial income is projected to rise to ₹33 billion as all under-construction assets become operational. The company has significantly increased its market share in the Mumbai Metropolitan Region (MMR), made substantial inroads into the National Capital Region (NCR), and is expanding in Pune, all of which will contribute to additional income streams.
As PEPL continues to enhance its growth in both residential and commercial sectors while unlocking potential in its hospitality segment, analysts believe the stock is poised for a further re-rating. Consequently, confidence in PEPL’s growth prospects remains high, prompting a reiterated Buy rating with a target price of ₹2,295.
Published on December 5, 2025
