Prestige Estates Buys 102 Acres in Q1 FY26 to Build ₹20,400 Crore Housing Projects

Prestige Estates Projects Ltd, a Bengaluru-based real estate developer, acquired 102 acres of land in the April–June 2025 quarter to build new housing projects. These projects are expected to have a gross development value (GDV) of ₹20,400 crore.

The land was purchased through direct acquisitions and joint ventures with landowners in Bengaluru, Hyderabad, Chennai, and Mumbai.

City-Wise Land Deals

• Hyderabad: 28 acres in Tellapur and 37 acres in Pulimamidi.
   
• Bengaluru: 10 acres in Poojanahalli–Devanahalli, 7 acres in Kothanuru–KR Puram, and 10 acres in Ittangur–Sarjapura.
   
• Chennai: 3.48 acres in Velachery.
   
• Mumbai: 6.3 acres.

The cost of these acquisitions was not disclosed.

Prestige Estates Projects Financial Performance in Q1 FY26

In Q1 FY26, the company’s net profit rose 26% to ₹292.5 crore from ₹232.6 crore last year, while total income grew 22% to ₹2,468.7 crore.

Sales bookings surged to ₹12,126.4 crore, nearly four times last year’s ₹3,029.5 crore, driven by strong demand for its Ghaziabad housing project.

Ambitious Sales Target for FY26

Despite a 19% drop in sales bookings in FY25 due to delayed project launches, Prestige Estates is targeting ₹27,000 crore in sales bookings for FY26.

The company has delivered over 300 projects and currently has around 140 projects in its pipeline.

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Prestige Estates Projects Share Price Movement

As of 9:56 am IST on August 11, 2025, Prestige Estates Projects share price (NSE: PRESTIGE) was trading at ₹1,615.00, up ₹11.40 or 0.71% for the day. The stock opened at ₹1,603.70, touched an intraday high of ₹1,619.00, and a low of ₹1,598.00. Prestige Estates has a market capitalisation of ₹69,560 crore, a price-to-earnings (P/E) ratio of 129.41, and does not currently offer a dividend yield. Over the past 52 weeks, the stock has traded between a high of ₹1,972.00 and a low of ₹1,048.05.

Conclusion

Prestige Estates’ aggressive land acquisitions and strong Q1 sales signal a robust growth strategy. With projects worth ₹20,400 crore in the pipeline and a ₹27,000 crore sales target, the company is positioning itself for a record-breaking year in residential real estate.

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