Prestige Estates Discloses ₹65,000 Crore Unrecognised Revenue; Targets ₹35,000–36,000 Crore Pre-Sales in FY27
₹65,000 Crore Revenue Backlog Reflects Three Years of Record Bookings
Prestige Estates Projects Ltd holds approximately ₹65,000 crore of unrecognised revenue in its account, supported by strong housing sales and record booking values over the past three financial years. According to Chairman Irfan Razack, the company follows the completion method for recognition of revenues, meaning revenue gets recognised once a real estate project gets completed. However, Razack said the company is in discussion with auditors to shift towards the percentage of completion method.
The backlog underscores the scale of Prestige's forward order book and reflects completion lag across a large portfolio of projects in various stages of construction.
FY26 Performance Drives Aggressive FY27 Guidance
Prestige Estates achieved record sales bookings of ₹30,024 crore during the 2025-26 fiscal, up 76 per cent from the preceding year. Net profit jumped over two times to ₹1,195.5 crore last fiscal from ₹467.5 crore in 2024-25. The total income rose to ₹13,195.5 crore during 2025-26 from ₹7,735.5 crore in the preceding year.
Razack said the company is targeting to achieve ₹35,000-36,000 crore of sales bookings or pre-sales during the 2026-27 fiscal. This represents growth of approximately 16 to 20 per cent over FY26 actual performance.
₹58,000 Crore Launch Pipeline; Approvals Critical to Execution
The company has a launch pipeline of around ₹58,000 crore for the current fiscal across major cities, with how many projects it ends up launching depending on government approvals. Last fiscal, Prestige Estates launched 32 million sq ft area with sales bookings potential of ₹27,350 crore.
Speaking to PTI, Prestige Estates Chairman Irfan Razack said the company remained highly optimistic about the Delhi-NCR residential market, noting that Prestige achieved sales bookings of around ₹10,000 crore in the NCR region during FY26. The company is planning to launch two new residential projects in Noida and Gurugram during FY27, with a combined revenue potential of approximately ₹6,800 crore and nearly 8 million sq ft of developable area.
Razack highlighted Bengaluru, Mumbai Metropolitan Region (MMR), and Delhi-NCR as major focus areas, and also referenced other cities including Hyderabad and Chennai.
Market Outlook and Cost Pressures
The company's chairman was hopeful that sales bookings and new launches would be better than those in 2025-26, as housing demand continues to be good despite global economic uncertainties amid the West Asia conflict. However, the company's construction cost has definitely gone up due to rise in prices of many key raw materials after the start of West Asia conflict in March.
Razack also linked demand sensitivity to interest rates, noting that a 25 basis points reduction in interest rates by the Reserve Bank of India could significantly improve home purchases and support broader economic activity. Over 90 per cent of Prestige's homebuyers depend on housing loans.
About Prestige Estates
Bengaluru-based Prestige Estates Projects Ltd is one of the leading real estate developers in the country with a presence across all major cities. The group has delivered 313 projects spanning 206 million sq ft. It has a pipeline of 128 projects across 195 million sq ft. The group develops housing, commercial (office complexes and shopping malls) and hospitality projects.