Prestige Estates Q1 FY26 Sales Skyrocket 300% to ₹12,126 Cr; NCR Emerges as Key Growth Driver
By Shishta Dutta | Published at: Jul 9, 2025 04:01 PM IST
Bengaluru, July 9, 2025: Prestige Estates Projects Ltd (NSE: PRESTIGE, BSE: 533274) has reported its highest-ever quarterly sales performance in Q1 FY26, clocking ₹12,126 crore in pre-sales – a remarkable 300% year-on-year (YoY) surge. This exceptional growth was primarily driven by robust new project launches, strong collections from customers, a successful strategic entry into the NCR (National Capital Region) market, and the completion of its first projects in Mumbai.
Key Performance Metrics: Q1 FY26
The company’s performance metrics for the first quarter of the fiscal year 2026 highlight the significant growth across various parameters:
| Metric | Q1 FY26 | YoY Growth |
|---|---|---|
| Gross Sales Value | ₹121,264 million | ↑ 300% |
| Sales Volume | 9.55 million sq. ft. | ↑ 234% |
| Units Sold | 4,718 | — |
| Collections | ₹45,227 million | ↑ 55% |
| Avg. Realisation (Apartments) | ₹13,339 / sq. ft. | — |
| Avg. Realisation (Plotted) | ₹7,343 / sq. ft. | — |
Collections reached an all-time high, underscoring strong execution capabilities and robust customer demand across their portfolio.
Geographic Sales Distribution
Prestige Estates reported a notable shift in its geographic sales distribution, with the NCR region emerging as the dominant contributor to sales during the quarter:
- NCR: 59%
- Bengaluru: 21%
- Mumbai: 12%
- Hyderabad: 5%
- Other cities: 3%
This signifies the success of Prestige’s recent expansion efforts into the high-growth NCR market.
Project Launches: 14.94 Mn Sq. Ft. Across Four Cities
Prestige successfully launched four significant residential projects during the quarter, collectively spanning 14.94 million square feet. Notably, this included its maiden projects in the NCR — a strategic move that has already yielded immediate success.
| Project | Location | Segment | Area (mn sq. ft.) |
|---|---|---|---|
| Mulberry at The Prestige City | NCR | Residential | 4.60 |
| Oakwood at The Prestige City | NCR | Residential | 5.04 |
| Prestige Gardenia Estates | Bengaluru | Plotted Development | 1.06 |
| Prestige Pallavaram Gardens | Chennai | Residential | 4.24 |
| Total | — | — | 14.94 |
Completions: 5.45 Mn Sq. Ft. Across Five Projects
During Q1 FY26, Prestige completed five residential developments, spanning a total of 5.45 million square feet. This included the first-ever handovers in Mumbai, a significant achievement completed within 3.5 years.
| Project | Location | Segment | Area (mn sq. ft.) |
|---|---|---|---|
| Prestige Beverly Hills | Hyderabad | Residential | 2.30 |
| Prestige Eden Garden | Kochi | Residential | 0.30 |
| Prestige Jasdan Classic | Mumbai | Residential | 0.78 |
| Siesta @ TPC Mulund | Mumbai | Residential | 1.37 |
| Prestige Primrose Hills – Phase 2 | Bengaluru | Residential | 0.72 |
| Total | — | — | 5.45 |
Additionally, the company completed Prestige Turf Tower in Mahalaxmi, Mumbai, with a developable area of 0.64 million sq. ft. This project is a rehabilitation component of The Prestige, Mumbai, and its completion paves the way for the next phase of this flagship development.
Annuity Business Highlights
Office Portfolio
- Leased Area: 1.21 million sq. ft.
- Occupancy: 93.7%
- Exit Rentals: ₹523 crore
Retail Portfolio
- Gross Turnover (GTO): ₹590 crore
- Occupancy: 98.9%
- Exit Rentals: ₹218.5 crore
Management Commentary
“Q1 FY26 has been a milestone quarter for Prestige, with significant progress across multiple fronts. Our NCR debut saw 80% of inventory sold at launch, and we delivered our first completions in Mumbai. The filing of the DRHP for our hospitality platform is another step in unlocking long-term value,” said Irfan Razack, Chairman & Managing Director, Prestige Group.
Share Price Performance
As of 2:25 PM, the shares of Prestige Estates were trading at ₹1,637.60, down by 1.30% or 21.50. As the market nears closure, it remains to be seen at what price the shares close at the end of the market session.
Future Outlook For Prestige Estates
Prestige Estates has delivered a stellar Q1 FY26 with a 300% YoY rise in pre-sales to Rs. 12,126 crore, driven by strong launches, especially in the NCR market, which contributed 59% of sales. Successful Mumbai completions and robust collections further underline strong execution. The company plans to maintain momentum through upcoming project launches and the IPO of its hospitality arm. Steady annuity income from office and retail portfolios adds financial strength.
About the Company
Prestige Estates Projects Ltd is a leading listed real estate developer in India. With a legacy of nearly four decades, the company has delivered 302 projects across 193 million sq. ft. and currently has a robust development pipeline of 130 projects spanning 203 million sq. ft. Its operations span residential, commercial, retail, hospitality, and mixed-use townships across India’s major cities.
REF: https://nsearchives.nseindia.com/corporate/PRESTIGE_09072025130937_Operations_Update_Intimtion_Q1_2025-26.pdf
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