Business Standard

We plan to capture just 4% of mkt in 4 yrs: Prestige Estates' Irfan Razack

'Currently, we are committed to building an annuity portfolio from the present Rs 460 crore in FY23 to Rs 3,000 crore by FY28'

Irfan Razack, Prestige Estates Projects

Irfan Razack, Chairman and MD, Prestige Estates Projects

Raghavendra Kamath
Bengaluru-based Prestige Estates Projects recently said it aims to double its annual residential sales bookings to Rs 25,000 crore by FY26 from its current markets and others such as Mumbai, Pune and National Capital Region (NCR). The company’s chairman and managing director Irfan Razaq tells Raghavendra Kamath about his plans to achieve the target and outlook for the real estate market. Edited excerpts:

Isn’t Prestige’s sales booking target of Rs 25,000 crore very ambitious, given the high interest rates and talks of a slowdown this year?

The Indian real estate market absorbed over 450,000 units in 2022. Our plan is

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 28 2023 | 7:10 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to