Prestige Announces Strong H1 FY26 with ₹12,126 Cr Pre-Sales, Leads Market

Record Half-Year Anchors Prestige's Market Leadership

Prestige Estates Projects Limited reported its highest-ever half-yearly sales of ₹18,143.7 crore during H1 FY26, which exceeded its entire FY25 sales. Among 28 listed real estate developers, Prestige led with pre-sales of Rs 18,143.7 crore, followed by Mumbai-based Godrej Properties at Rs 15,587 crore.

The top five developers accounted for more than Rs 63,000 crore, contributing nearly 70% of total pre-sales across the 28 firms in H1 FY26. The achievement reflects sustained demand across major metros and robust new project launches, strong collections from customers, a successful strategic entry into the NCR (National Capital Region) market, and the completion of its first projects in Mumbai.

Q1 Performance Sets the Pace

Prestige Estates reported Q1 FY26 pre-sales of ₹12,126 crore – a remarkable 300% year-on-year (YoY) surge. Sales volume jumped sharply to 9.55 million square feet, up 234% YoY, with 4,718 units sold during the quarter.

The NCR region emerged as the dominant contributor to sales during the quarter, contributing 59% of sales. The company's NCR debut saw 80% of inventory sold at launch, marking a strong entry into India's largest metropolitan market.

During Q1 FY26, Prestige completed five residential developments, spanning a total of 5.45 million square feet. This included the first-ever handovers in Mumbai, a significant achievement completed within 3.5 years.

Collections and Operational Strength

Collections for the quarter climbed by 55% YoY to ₹4,522.7 crore, further demonstrating strong operational performance. H1 FY26 sales reached ₹1,81,437 million, up 157% from the same period in the prior year.

During the first half of FY26, the firm completed 7.99 million sq ft of projects, including landmark developments like Aspen Greens and Avalon Park at The Prestige City, Bengaluru.

Multi-City Expansion and Land Acquisition

Prestige Estates acquired 102 acres of land in the April-June quarter to build housing projects, with acquisitions across Bengaluru, Hyderabad, Chennai and Mumbai. These land parcels will be used to develop residential projects, which would have an estimated gross development value (GDV) of Rs 20,400 crore.

Operations span residential, commercial, retail, hospitality, and mixed-use townships across India's major cities. Founded in 1986 and listed since 2010, Prestige Estates is among India's leading real estate developers. As of June 2025, the company has delivered 307 projects covering 199 million sq ft and holds a pipeline of 132 projects across 200 million sq ft.

Commercial and Retail Momentum

Prestige's office leasing operations maintained strong momentum, with 2.3 million sq ft leased and an impressive occupancy rate of 93.42%. The company projects FY26 exit rentals of ₹819.9 crore from its commercial portfolio. On the retail front, turnover rose 9% YoY to ₹623.6 crore, supported by 4.8 million footfalls and near-full occupancy at 99%.

Flagship Projects Drive Value

The flagship Mumbai project Prestige Nautilus achieved over ₹4,400 crore in value with more than 60% inventory sold, while The Prestige City Indirapuram in NCR clocked sales above ₹8,300 crore. These developments underscore the company's ability to execute large-format, mixed-use projects in India's most demanding markets.