Prestige Estates records Rs 13,804 cr pre-sales in H1 FY27, lines up Rs 40,000 cr launches

The Bengaluru-based developer recorded residential pre-sales of Rs 7,225 crore in the July-September quarter, up 20% year-on-year. Sales volume stood at 5.84 million sq ft, with 3,910 units sold. For the first half of FY27, sales volume reached 11.88 million sq ft, with 7,247 units sold.

MUMBAI: Realty developer Prestige Estates Projects has reported pre-sales of Rs 13,804 crore during the first half of the financial year 2026-27, supported by residential demand across its key markets, while preparing a launch pipeline of over Rs 40,000 crore for the next two quarters.

The Bengaluru-based developer recorded residential pre-sales of Rs 7,225 crore in the July-September quarter, up 20% year-on-year. Sales volume stood at 5.84 million sq ft, with 3,910 units sold. For the first half of FY27, sales volume reached 11.88 million sq ft, with 7,247 units sold.

Bengaluru accounted for 41% of the company's half-yearly sales, followed by Hyderabad at 32%, Mumbai at 12%, Chennai at 8% and other markets at 7%. The average realisation stood at Rs 12,375 per sq ft during the quarter and Rs 11,618 per sq ft for the half-year.

Collections during the quarter stood at Rs 5,294 crore, taking the half-year total to Rs 10,096 crore.

Prestige launched three residential projects during the quarter across Chennai and Bengaluru, with a combined developable area of 5.91 million sq ft and an estimated gross development value of Rs 4,020 crore. Residential launches during H1 FY27 aggregated 23.14 million sq ft, with a gross development value of over Rs 16,200 crore.

"We have a substantial launch pipeline of over Rs 4,00,000 million planned across Bengaluru, Mumbai, NCR, Chennai and Hyderabad over the next two quarters," said

Irfan Razack, chairman and managing director of Prestige Group.

The company commenced construction on three commercial projects spanning 2.02 million sq ft during the quarter and reported gross leasing of 1.7 million sq ft across its office portfolio in the first half. Exit rentals for its commercial portfolio stood at Rs 843.4 crore as of September 2026.

Its retail portfolio recorded gross turnover of Rs 721 crore during the quarter, up 10% year-on-year, with mall footfalls of 5.2 million and occupancy of 99%. Exit rentals for the retail portfolio stood at Rs 277.6 crore.

In hospitality, the company reported occupancy of 70% and average room rates of Rs 15,143 during the half-year. It commenced construction on two hotel projects, adding 313 keys across Sakleshpur and Chennai.

Prestige recently announced a Rs 3,000 crore investment by CPP Investments in Prestige Hospitality Ventures for an approximately 27% stake.