What is the target price for Prestige Estates stock?

The target price for Prestige Estates (PEPL) stock is ₹2,295.

How is Prestige Estates planning to grow its presales?

Prestige Estates plans to grow presales through a 40% CAGR by FY28, driven by incremental BD and a strong launch pipeline.

What are Prestige Estates' key growth segments?

Prestige Estates is focusing on growth in its residential, office, retail, and hospitality segments.

Home / Business and Economy / Prestige Estates: ₹2,295 Target Amidst Growth Surge

Prestige Estates: ₹2,295 Target Amidst Growth Surge

5 Dec

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Summary

Prestige Estates forecasts 40% presales CAGR by FY28.
Office and retail rental income to grow 53% CAGR.
Commercial income projected to reach INR33b by FY30E.

Prestige Estates: ₹2,295 Target Amidst Growth Surge

Prestige Estates (PEPL) is strategically expanding its diverse real estate portfolio, encompassing residential, office, retail, and hospitality sectors. The company anticipates a robust 40% compounded annual growth rate (CAGR) in presales through FY28, reaching an impressive ₹46,300 crore. This growth is fueled by substantial incremental business development and a strong launch pipeline.

PEPL is significantly scaling its office and retail footprint to 50 million square feet. This expansion, alongside a growing hospitality portfolio, is expected to drive a 53% CAGR in office and retail rental income, projected to hit ₹2,510 crore. The hospitality segment is also set for substantial growth, with revenue anticipated to post a 22% CAGR.

Further bolstering its commercial income, PEPL expects to reach INR33 billion by FY30E as its under-construction assets become fully operational. Strategic market expansion in Mumbai Metropolitan Region (MMR), National Capital Region (NCR), and Pune is creating new income streams. This comprehensive growth across all segments suggests a potential re-rating for the stock.