Prestige Estates Q2 pre-sales rise 20% to Rs 7,225 crore

Prestige Estates Projects Ltd reported a 20 percent growth in sales bookings to Rs 7,225 crore for the quarter ended September 2026, on strong housing demand, especially for large branded developers. The Bengaluru based company informed stock exchanges in a regulatory filing that its residential business recorded pre-sales of Rs 7,225 crore during Q2 FY27, with sales volume of 5.84 million sq ft and 3,910 units sold.

During the first half of the fiscal, Prestige Estates recorded pre-sales of Rs 13,804.3 crore, with sales volume of 11.88 million sq ft and 7,247 units sold. Bengaluru contributed 41 percent of total first half sales, followed by Hyderabad at 32 percent, Mumbai at 12 percent, Chennai at 8 percent and other markets at 7 percent.

Prestige Estates new launches support Q2 pre-sales

Prestige Estates launched three residential projects in Q2 FY27, covering a combined developable area of 5.91 million sq ft, with a gross development value of about Rs 4,020 crore. Residential launches for H1 FY27 totalled 23.14 million sq ft, with a gross development value exceeding Rs 16,200 crore.

Irfan Razack, chairman and managing director of Prestige Group, said the residential business continues to see healthy demand, and that the response to new launches was encouraging, including a couple of projects introduced towards the end of the quarter that still saw good sales traction. He said sustenance sales in ongoing projects also remained strong, reinforcing the company's view that underlying demand for housing continues to be healthy.

Prestige Estates commercial, retail and hospitality segments

The office portfolio of Prestige Estates showed stable performance, with gross leasing of 1.7 million sq ft in H1 FY27. Exit rentals for the commercial portfolio stood at Rs 843.4 crore as of September 2026, and the company started construction on three projects spanning 2.02 million sq ft during the quarter.

The retail segment saw a gross turnover of Rs 721 crore in Q2 FY27, a 10 percent year on year growth, with malls recording footfalls of 5.2 million and occupancy at 99 percent by the end of September. The company began construction on one retail project with a developable area of 1.39 million sq ft.

The hospitality business achieved a 70 percent occupancy rate and average room rates of Rs 15,143 in H1 FY27, and the company started construction on two hotel projects adding 313 keys across a combined developable area of 0.77 million sq ft.

Prestige Estates H2 launch pipeline and CPP investment

Prestige Estates announced a strategic investment of Rs 3,000 crore by CPP Investments in Prestige Hospitality Ventures Ltd for a 27 percent stake, aimed at supporting the expansion of the hospitality business. The company also has a second half launch pipeline exceeding Rs 40,000 crore, which will test how far current housing demand stretches across its markets.

As of June 2026, the group had delivered 319 projects spanning 216 million sq ft and had a pipeline of 137 projects across 229 million sq ft. The company builds residential, commercial, retail, hospitality and integrated township projects across major cities, and its Q2 numbers show the residential business doing most of the running, with Bengaluru and Hyderabad together contributing nearly three quarters of first half sales. Shares traded at Rs 1,471 on 13 October 2026, up 2.90 percent from the previous close, after the operational update was filed with the exchanges.