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• Prestige Estates Projects is targeting sales bookings of INR 35,000–36,000 crore in FY27, representing a growth of 15–20 per cent over the previous fiscal.
• The Bengaluru-based developer achieved record pre-sales of INR 30,024 crore in FY26, marking a 76 per cent year-on-year increase.
• The company has a launch pipeline valued at around INR 60,000 crore across key markets including Bengaluru, Mumbai Metropolitan Region and Delhi-NCR.
• Management remains confident about residential demand despite global uncertainties and rising construction costs linked to the West Asia conflict.
• Prestige also reported a sharp rise in profitability and income during FY26, supported by strong operational performance across asset classes.
Bengaluru-based Prestige Estates Projects Ltd is targeting sales bookings of up to INR 36,000 crore during FY27, banking on sustained demand for residential properties across major Indian cities despite global economic uncertainties and rising input costs. The company expects a growth of 15–20 per cent in pre-sales over the record performance achieved in the previous financial year. Advertisement
Speaking to PTI, Chairman and Managing Director Irfan Razack said the developer remained optimistic about housing demand and was witnessing healthy traction across its residential portfolio. He indicated that customer sentiment continued to be positive, with homebuyers viewing residential property as a long-term asset rather than a short-term investment.
The company recorded its highest-ever sales bookings of INR 30,024 crore in FY26, registering a 76 per cent increase compared with the preceding financial year. Building on this momentum, Prestige is aiming to achieve sales bookings in the range of INR 35,000 crore to INR 36,000 crore during the current fiscal year.
To support this growth target, the developer has lined up a substantial project launch pipeline across its key operating markets. Razack stated that Prestige has projects worth around INR 60,000 crore planned for launch, although the actual volume introduced during FY27 will depend on the pace of regulatory approvals. The proposed launches are spread across Bengaluru, the Mumbai Metropolitan Region (MMR) and Delhi-NCR, among other markets.
On market conditions, Razack noted that residential demand remained stable. While sales velocity can fluctuate across periods, he said recent demand trends had been encouraging and that April had delivered positive results. According to him, buyers with genuine housing requirements continue to make purchasing decisions regardless of short-term market movements.
At the same time, the company is facing higher construction expenses following increases in the prices of several key raw materials after the outbreak of the West Asia conflict in March. Despite the cost pressures, Prestige intends to continue investing in project execution and remains open to acquiring land parcels where suitable opportunities emerge.
Beyond housing, the developer also continues to maintain a positive outlook on commercial office developments, retail malls and hospitality assets, reflecting its diversified presence across multiple real estate segments.
Prestige Estates recently reported a more than two-fold increase in net profit to INR 1,195.5 crore for FY26, compared with INR 467.5 crore in the previous year. Total income nearly doubled to INR 13,195.5 crore from INR 7,735.5 crore. Following the results, Razack said the company had delivered its strongest annual sales and collections performance to date, supported by growth in revenue and profitability across markets and asset classes.
One of India’s leading real estate developers, Prestige Group has delivered 313 projects covering 206 million sq ft and currently has a development pipeline of 128 projects spanning approximately 195 million sq ft.
Source - PTI
5th Jun, 2025
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