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Prestige Estates Projects Ltd recorded a strong performance in the past financial year, supported by steady housing demand across key cities. The company's pre-sales rose significantly, driven by both new project launches and existing inventory. Major markets such as Bengaluru, Mumbai, and Delhi-NCR played an important role in overall sales. The developer also highlighted a large upcoming project pipeline, indicating continued growth visibility. The broader residential market trend shows buyers preferring established and credible developers, which has supported the company's performance despite some moderation in overall demand.
Prestige Estates Projects Ltd reported a 10 per cent rise in its pre-sales to INR 7,697 crore in the fourth quarter of the last financial year, supported by steady demand for its residential projects. Advertisement
The company, in its latest operational update, reported that total pre-sales for FY26 reached a record INR 30,024 crore, marking a 76 per cent increase compared to the previous financial year. This growth was driven by consistent traction in both newly launched projects and ongoing inventory.
Chairman and Managing Director Irfan Razack stated that the company closed the financial year on a strong note, with stable sales momentum throughout the year and a solid performance in the final quarter. He indicated that demand across key markets remained encouraging, adding that the company's focus on quality developments, strategic locations, and timely project execution continued to attract buyers.
He further conveyed that the company has a strong pipeline of upcoming launches across multiple cities and expressed confidence in maintaining the current growth momentum in the ongoing financial year.
Sales performance remained broad-based, with significant contributions from major residential markets including Bengaluru, Delhi-NCR, Mumbai, Hyderabad, and Chennai. The company noted that end-user demand remained resilient across these regions.
The performance aligns with a broader trend in the residential market, where demand has increasingly shifted towards larger, branded developers since the COVID-19 pandemic. Buyers are showing preference for established players with a track record of delivery and reliability, even as overall housing demand has seen some moderation in recent months.
As of December 2025, the Prestige Group had completed 313 projects covering around 206 million sq ft. It also has an extensive development pipeline of 128 projects spanning approximately 195 million sq ft, reflecting sustained expansion plans across key urban markets.
Source PTI
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