Prestige Estates Projects Limited, one of India’s most respected and diversified real estate developers, has kicked off FY26 with its strongest-ever quarterly performance.

In Q1 FY26 (quarter ended June 30, 2025), Prestige logged ₹121,264 million in sales, a 300% increase over the same period last year. This remarkable achievement was driven by robust project launches, including its first-ever NCR debut, strong customer demand, disciplined collections, and maiden project completions in Mumbai.

With 4,718 units sold, translating to 9.55 million square feet, Prestige demonstrated not just sales strength but also unmatched execution capability in India's dynamic and competitive real estate sector.

Prestige’s Record-Breaking Numbers: A Detailed View

Sales Volume:

• 4,718 units sold

• 9.55 million square feet sold

• Average realisation: ₹13,339 per sq. ft for apartments

• Plotted developments: ₹7,343 per sq. ft

Collections:

• ₹45,227 million collected

• Highest ever quarterly collections

• 55% increase year-on-year

These numbers underscore Prestige’s strong financial discipline, its ability to convert sales into actual collections rapidly, and its appeal among Indian homebuyers across regions and segments.

Geographic Sales Mix Highlights Diversification

Prestige’s Q1 FY26 performance reveals a significant shift in its geographic sales mix, showcasing the company’s successful expansion beyond traditional strongholds:

• NCR region: 59% of total sales

• Bengaluru: 21%

• Mumbai: 12%

• Hyderabad: 5%

• Other cities: 3%

This diverse spread is a testament to Prestige’s growing pan-India presence, ability to read market trends, and strategic entry into high-growth regions.

Landmark Launches: Scaling New Heights

During Q1 FY26, Prestige launched four residential projects with a total developable area of 14.94 million square feet.

Key launches include:

• Mulberry at The Prestige City, NCR – 4.60 million sq. ft.

• Oakwood at The Prestige City, NCR – 5.04 million sq. ft.

• Prestige Gardenia Estates, Bengaluru – 1.06 million sq. ft. (Plotted development)

• Prestige Pallavaram Gardens, Chennai – 4.24 million sq. ft.

The NCR launches mark Prestige’s maiden entry into the National Capital Region, one of India’s most lucrative real estate markets. Both NCR projects enjoyed exceptional customer response, with about 80% of the inventory sold at launch.

This performance reflects Prestige’s growing brand equity and credibility in new markets, reinforcing its position as a truly national real estate powerhouse.

Maiden Completions in Mumbai: Execution Excellence

Prestige also completed five residential projects spanning 5.45 million square feet during the quarter, including its first-ever completions in Mumbai:

• Prestige Beverly Hills, Hyderabad: 2.30 mn sq. ft.

• Prestige Eden Garden, Kochi: 0.30 mn sq. ft.

• Prestige Jasdan Classic, Mumbai: 0.78 mn sq. ft.

• Siesta @ TPC Mulund, Mumbai: 1.37 mn sq. ft.

• Prestige Primrose Hills - Phase 2, Bengaluru: 0.72 mn sq. ft.

Notably, the Mumbai projects were delivered within 3.5 years, highlighting Prestige’s commitment to timely delivery—a critical success factor in India’s real estate sector, where delays often erode consumer confidence.

Prestige Turf Tower Completion in Mumbai

In addition to these, Prestige completed Prestige Turf Tower in Mahalaxmi, Mumbai, spanning 0.64 million square feet. This tower serves as the rehabilitation component of the marquee project, The Prestige, Mumbai.

With this handover, construction of the main towers can now proceed at full pace, unlocking the next phase of this landmark development and further strengthening Prestige’s Mumbai presence.

Robust Office Portfolio Performance

Prestige’s office vertical continued its strong demand trajectory in Q1 FY26:

• Leasing: 1.21 million square feet

• Occupancy: 93.7%

• Exit rentals: ₹5,230 million

These numbers demonstrate Prestige’s ability to deliver high-quality, grade-A office spaces that meet the evolving needs of corporates in India’s top cities.

Retail Vertical Delivers Consistent Results

Prestige’s retail assets also performed strongly in Q1 FY26:

• Gross Turnover (GTO) across malls: ₹5,900 million

• Occupancy: 98.9%

• Exit rentals: ₹2,185 million

With India’s retail sector rebounding post-pandemic, Prestige’s malls maintained near-full occupancy and healthy rental yields, underscoring the strength of its retail leasing strategy.

Chairman’s Vision and Remarks

Mr. Irfan Razack, Chairman and Managing Director of Prestige Group, commented:

“Q1 FY26 has been a milestone quarter for Prestige, with significant progress across multiple fronts. We made a strong entry into the NCR market with The Prestige City, Indirapuram, which received an exceptional response with about 80% of the inventory sold at launch—a clear reflection of customer confidence and our growing brand equity in North India. This played a key role in delivering our highest-ever quarterly sales and collections. We also marked our first completions in Mumbai, further reinforcing our execution capabilities in India’s most dynamic cities. In parallel, the filing of the DRHP for our hospitality platform signals our intent to unlock long-term value across verticals. This quarter reflects the momentum, diversification, and execution strength driving the next phase of Prestige’s growth.”

Prestige’s Growth Strategy: A Multi-City, Multi-Segment Approach

Prestige Estates has long stood apart for its diversified approach—a blend of residential, commercial, retail, and hospitality projects designed to weather market cycles.

As of March 2025, Prestige had:

• 302 completed projects spanning 193 million sq. ft.

• 130 projects in pipeline covering 203 million sq. ft.

This pipeline includes everything from integrated townships to luxury apartments, grade-A office parks, and high-end malls, ensuring Prestige remains resilient even in the face of sectoral fluctuations.

New Markets and Geographic Expansion

Prestige’s entry into NCR marks a strategic milestone. NCR is India’s largest and most competitive real estate market, with a diverse and affluent buyer base.

By securing robust sales in its debut launches here, Prestige signals its ambition to be a truly national player, capable of meeting varied customer expectations across North, South, and West India.

Mumbai, Bengaluru, Hyderabad, and Chennai continue to be core markets, but NCR adds a critical new dimension to Prestige’s growth narrative.

Focus on Execution and Timely Delivery

A key differentiator for Prestige has been its strong execution record. In India, where project delays are commonplace, Prestige has built a reputation for on-time delivery, boosting customer trust and brand loyalty.

The first-ever completions in Mumbai during Q1 FY26 not only validate Prestige’s operational capabilities in India’s most challenging real estate market but also create new opportunities for future launches in the city.

Financial Discipline and Strong Collections

Prestige’s record ₹45,227 million in quarterly collections reflect its robust financial discipline.

In an industry where sales often fail to translate into actual cash flows, Prestige’s high collection efficiency ensures strong working capital, reduces debt reliance, and improves overall financial health.

Office and Retail Verticals: Steady Growth Engines

Beyond residential, Prestige’s commercial office and retail portfolios remain core contributors:

• Office spaces deliver stable rental income, with occupancy above 93%—a testament to their high quality and prime locations.

• Retail assets, with occupancy near 99%, cater to India’s resurgent consumer demand, offering tenants premium spaces in high-footfall malls.

Hospitality Platform: Future Value Creation

Prestige is also looking to unlock long-term value through its hospitality vertical. The filing of the DRHP (Draft Red Herring Prospectus) for its hospitality platform signals a new phase of value unlocking, potentially listing this vertical to create additional shareholder wealth.

About Prestige Group

With a legacy of nearly four decades, Prestige Group is among India’s most trusted and respected real estate developers.

Headquartered in Bengaluru, the Group’s portfolio spans residential, commercial, retail, hospitality, and integrated townships across major cities.

As of March 2025, Prestige had delivered 302 projects covering 193 million square feet, with 130 projects in the pipeline covering 203 million square feet.

Its track record of quality, timely delivery, and customer trust makes it one of India’s most formidable real estate brands.

Final Word

Prestige Estates’ Q1 FY26 performance is not just about record numbers—it’s a statement of intent.

With a clear focus on geographic diversification, disciplined execution, robust financials, and innovative formats, Prestige is poised to lead India’s next real estate growth wave.

The ₹121,264 million sales, NCR launch success, Mumbai completions, and strong office and retail performance reflect a company firing on all cylinders, well positioned to capture the future of Indian real estate.

Prestige Estates is not just building homes and offices—it is building a legacy of trust, quality, and national leadership.

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