Prestige Estates Projects Limited has announced its operational performance for the quarter and financial year ended 31 March 2026, showcasing significant growth across all its business segments. The company achieved its highest-ever annual sales of ₹3,00,245 million, marking a 76% increase compared to the previous year. This growth was driven by robust launches, steady demand, and disciplined execution across its residential, commercial, retail, and hospitality verticals.
In FY26, Prestige Estates added new projects with an estimated gross development value (GDV) of over ₹5,00,000 million, strengthening its growth pipeline in key markets such as Bengaluru, Mumbai, NCR, Hyderabad, and Chennai. The company recorded a total sales volume of 22.28 million square feet, a 77% year-on-year increase, with 11,692 units sold during the financial year. Bengaluru led the geographical sales mix with 34%, followed by NCR at 33%, Mumbai at 20%, and other markets contributing 13%.
Average realisations for the year were ₹14,470 per square foot, up 3% year-on-year, while the plotted development segment saw a 16% increase in average realisations to ₹8,321 per square foot. The company also reported its highest-ever collections of ₹1,85,146 million, reflecting a 53% growth from the previous year.
During FY26, Prestige Estates launched 31.84 million square feet of new projects with a GDV of ₹2,73,504 million. Sales from these new launches amounted to ₹1,73,442 million, indicating strong demand across the newly introduced projects. The company delivered a total area of 18.22 million square feet during the year, maintaining its execution momentum.
In the fourth quarter of FY26, Prestige Estates achieved sales of ₹76,973 million, an 11% increase year-on-year, with a sales volume of 5.34 million square feet. Bengaluru continued to dominate the sales mix at 56%, followed by Mumbai at 21%, NCR at 14%, and other markets at 9%. Average realisations for the quarter were ₹16,569 per square foot, a 7% increase year-on-year.
The company’s office portfolio demonstrated stable performance with 0.40 million square feet of leasing activity during the quarter, maintaining healthy occupancy levels at 92%. The retail portfolio also performed strongly, with near-full occupancy of 99% and a gross turnover of ₹6,520 million, a 15% year-on-year increase.
Irfan Razack, Chairman and Managing Director of Prestige Group, commented on the performance, highlighting the company’s focus on maintaining execution discipline and balanced growth. He noted the importance of upcoming large completions in supporting the company’s growth across its various verticals.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).