Prestige Estates Projects reported pre-sales of Rs 72.25 billion in Q2FY27, beating Nomura’s estimate of Rs 60 billion. The company’s sales rose 20% year-on-year. Nomura said the beat was "primarily due to higher than expected sustenance sales." The firm launched three residential projects and expects momentum to improve later this year.

Prestige Estates Projects reported pre-sales of Rs 72.25 billion in Q2FY27, beating Nomura's estimate of Rs 60 billion despite a "significantly volatile macro backdrop". The company's pre-sales rose 20% year-on-year and 10% quarter-on-quarter. The beat was "primarily due to higher than expected sustenance sales", Nomura said. Average realisation in Q2FY27 stood at Rs 12,375 per square foot. Nomura maintained its FY27 pre-sales estimate of Rs 350 billion, up 17% year-on-year, and expects launch momentum to "significantly improve into the year". Of the Rs 570 billion in total planned launches for FY27, the company has launched only around Rs 160 billion so far. The brokerage estimates that, among the eight real estate players that have provided operational updates so far, Q2FY27 has turned out to be the "third-strongest quarter over the past 10 quarters", highlighting "the resilience of the sector". Collections and launches Prestige Estates' collections stood at around Rs 53 billion in Q2FY27, up 26% year-on-year. The company launched three residential projects during the quarter, with a total gross development value of Rs 40.2 billion: Prestige Palm Court in Chennai, spanning 1.99 million square feet; Garden Breeze at TPC in Bengaluru, spanning 1.23 million square feet; and Prestige Parklane in Bengaluru, spanning 2.69 million square feet. Commercial and retail portfolios The office portfolio recorded gross leasing of 1.7 million square feet in the first half of FY27. As of September 2026, exit rentals for the commercial portfolio stood at around Rs 8.5 billion, compared with Rs 6.5 billion at the end of FY26. The company also completed Prestige Trade Center in NCR, with a total development area of 0.8 million square feet. Retail gross turnover across malls reached Rs 7.2 billion in Q2FY27, up 10% year-on-year, with footfalls of 5.2 million during the quarter. Exit rentals for the retail portfolio stood at around Rs 2.8 billion as of September 2026.