Prestige Estates Smashes Sales Records, Exceeds Full-Year Peak in Nine Months

REAL-ESTATE
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AuthorAnanya Iyer|Published at:
Prestige Estates Smashes Sales Records, Exceeds Full-Year Peak in Nine Months
Overview

Prestige Estates Projects reported its strongest operational performance to date, achieving record pre-sales of ₹22,327 crore in the first nine months of FY26. This figure, a 122% year-on-year surge, surpasses the company's previous full-year sales peak. Robust housing demand, diversified project launches, and sustained execution fueled this significant growth across key Indian markets.

Record-Breaking Sales Performance

Prestige Estates Projects announced an exceptional operational performance, logging record pre-sales of ₹22,327 crore for the nine months ending December 31, 2025. This represents a remarkable 122% year-on-year increase, a milestone that saw the company surpass its prior full-year sales record well before FY26 concludes. The Bengaluru-based real estate developer attributed the surge to strong housing demand, a diverse range of project launches, and consistent execution.

Quarterly and Cumulative Growth

In the third quarter of FY26, Prestige Estates recorded pre-sales of ₹4183 crore, marking a substantial 39% rise compared to the previous year. Sales volumes reached 2.99 million square feet during the quarter and accumulated to 16.95 million square feet over the nine months. The company sold 1,811 units in Q3 FY26, bringing the nine-month total to 8,598 units. Average realisations saw a healthy 6% annual increase to ₹14,459 per square foot, with plot sales experiencing an even more significant 31% jump to ₹9,165 per square foot.

Geographic Diversification and Market Share

Prestige Estates maintained a well-diversified geographical sales mix. Mumbai led contributions at 36% for the quarter, followed by Bengaluru at 25%. Hyderabad and the National Capital Region (NCR) each accounted for 16%, with Chennai at 5% and Kochi at 2%, underscoring the developer's extensive multi-city presence.

Strong Collections and Customer Confidence

Collections mirrored the robust sales momentum, with ₹4,547 crore recorded in Q3 FY26, a 40% year-on-year increase. The cumulative collections for the nine-month period hit an all-time high of ₹13,283 crore, exceeding previous full-year figures. This strong cash inflow reflects sustained customer confidence in the Prestige brand and effective cash flow management.

Product Launches and Execution

The company launched 5.02 million square feet of new projects in the third quarter, bringing the nine-month total to 23.83 million square feet, with a gross development value (GDV) of ₹19,619 crore for residential launches. Key launches included retail projects under the 'Forum' brand and residential developments. Execution remained strong, with 4.72 million square feet completed in Q3 FY26, adding to the 12.71 million square feet completed over the nine months.

Stable Annuity Portfolio

Prestige's annuity income streams from its office and retail portfolios demonstrated stability. Office leasing stood at 0.56 million square feet in Q3 FY26, with occupancy rates exceeding 95%. Office portfolio exit rentals are projected to reach ₹828 crore for FY26 and scale to approximately ₹4,000 crore by FY30. The retail segment saw mall footfalls of 5.2 million and a gross turnover of ₹701 crore, up 14% year-on-year. Retail occupancy remained above 99%, with projected exit rentals of nearly ₹1,092 crore by FY30.

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