Prestige Estates Records ₹6,300 Crore Pre-Sales in First Two Months of Q1 FY27, Tracking Ahead of Annual Target

Prestige Estates Logs Strong Q1 Momentum, Eyes Full-Year Target

Prestige Estates has recorded pre-sales at about 18 percent of its FY27 estimates in just two months, translating to ₹6,300 crore in the opening quarter of the financial year. Stable demand trends and a strong commercial leasing pipeline strengthen its near-term positioning, even as residential momentum stays intact.

Annual Guidance and Market Conditions

The company is guiding for ₹35,000–36,000 crore in FY27 pre-sales, backed by a ₹60,000 crore launch pipeline across key markets. This represents a 15–20 percent increase over the prior fiscal year's performance.

The guidance comes after a strong FY26, where the company reported around ₹30,000 crore in sales. Prestige has reiterated that bookings remained consistent across new launches and existing inventory, with demand across its key markets staying encouraging, supported by its focus on quality, location, and timely execution.

Key Markets and Execution Strategy

The company has a strong launch pipeline for this fiscal across all major cities including Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. Next milestones for the story will be the pace of project approvals and the roll-out of planned launches across Bengaluru and other cities, including any large-volume approvals in Hyderabad.

Prestige expects launches to be the key lever for meeting its FY27 pre-sales target. The developer's commentary underscores the critical role that regulatory clearances play in translating its development pipeline into actual market supply.

Financial Backdrop

Since its inception, the group has delivered 313 projects spanning 206 million sq ft, with a pipeline of 128 projects across 195 million sq ft.