Prestige Estates Projects Performance Analyzed

Prestige Estates Projects saw a significant increase, rising 3.61% to reach Rs 1568.30. This jump was fueled by record-breaking sales during the first half of their fiscal year 2026. The company achieved total sales of Rs 18,143.7 crore – a remarkable 157% increase compared to the previous year.

Key Points

• Strong sales: Rs 18,143.7 crore in H1 FY26.
• 157% year-on-year sales growth.
• Significant Q2 sales: Rs 6,017.3 crore (50% increase).
• 4.42 million sq ft sold in Q2 – up 47%.
• Average apartment realization rose to Rs 14,906/sq ft.
• Total projects delivered: 307, spanning 199 mn sq ft.

The success was driven by consistent demand across different locations and types of properties. In the second quarter alone, Prestige sold 4.42 million square feet, representing 2,069 units, and a 47% jump from the year before. They also boosted sales of plots by 43% to Rs 9,510 per square foot.

For the entire first half of the fiscal year, Prestige sold a massive 13.96 million square feet, consisting of 6,788 units. The average price for apartments during this period was Rs 13,769 per square foot – an impressive 6% increase, while plot sales saw a 17% rise to an average of Rs 8,425 per square foot.

Collections were equally strong, reaching Rs 4,212.8 crore in Q2 and Rs 8,735.6 crore for the entire first half – both representing a 55% growth compared to the prior year. This indicates a healthy flow of funds and reinforces the company’s ability to execute its plans.

Geographically, Prestige’s performance was balanced, showing that its properties were attracting buyers across its major areas. During Q2, the company launched 3.87 million square feet of new developments, with a total value of Rs 3,966.9 crore. This contributed to a total of 18.81 million square feet of launches for the first half, with a value of Rs 17,592.2 crore.

Prestige’s commercial properties performed exceptionally well, with 2.3 million square feet leased during Q2 FY26, and an occupancy rate of 93.42%. The company forecasts exit rentals of Rs 819.9 crore for the year, reflecting ongoing confidence in the office space market. Their retail segment also thrived, generating a gross turnover of Rs 623.6 crore in Q2, with 4.8 million footfalls and 99% occupancy.

Irfan Razack, the chairman and managing director, highlighted key achievements: Prestige Nautilus in Mumbai has sold over 60% of its inventory, and The Prestige City Indirapuram in NCR has achieved sales of over Rs 8,300 crore and collections of ~Rs 1500 crores. These figures demonstrate the company’s strategic focus and success in delivering high-quality developments.

Prestige Group is a major player in real estate, with a broad portfolio including residential, commercial, retail, hospitality, and integrated townships. As of June 2025, they’ve completed 307 projects totaling 199 million square feet, with a current pipeline of 132 projects across 200 million square feet.

Real estate investments are a crucial long-term strategy for growth and stability.