On July 16, 2026, Prestige Estates Projects Limited, a prominent real estate developer in India, has released its operational performance for the first quarter of FY27, ending June 30, 2026, as per the exchange filings.
The company reported robust activity across its diversified business segments, including residential, commercial, retail, and hospitality.
The residential segment recorded pre-sales of ₹6,579.3 crore (₹65,793 million) during Q1 FY27, with a sales volume of 6.04 million square feet and 3,337 units sold.
Hyderabad was the largest contributor, accounting for 49% of total sales, followed by Bengaluru at 27%, Mumbai at 12%, NCR at 7%, and other markets at 5%.
The average realisation for apartments was ₹11,193 per square foot, while plotted developments averaged ₹8,043 per square foot. Collections remained strong at ₹4,802.2 crore (₹48,022 million).
During the quarter, Prestige launched 4 projects with a combined developable area of 20.16 million square feet.
Notable launches included Prestige Golden Grove in Hyderabad and Prestige Century Landmark in Bengaluru. Additionally, 3 projects were completed, adding 4.37 million square feet to the company's portfolio.
The commercial office portfolio saw gross leasing of 1.5 million square feet, with exit rentals at ₹756 crore (₹7,560 million) as of June 2026.
The retail segment achieved a gross turnover of ₹737 crore (₹7,370 million), marking an 18% year-on-year growth. Malls recorded footfalls of 5.2 million, with exit rentals at ₹277.6 crore (₹2,776 million).
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The hospitality business maintained healthy operating performance with competitive average room rates and strong occupancy levels, driven by growth in business and leisure travel demand.
As of July 16, 2026, at 11:51 AM, Prestige Estates Projects share price on NSE was trading at ₹1,639.70, down by 2.75% from the previous closing price.
Prestige Estates Projects Limited reported a strong start to FY27, with ₹6,579.3 crore (₹65,793 million) in residential pre-sales and robust activity across all segments. Hyderabad led residential sales, contributing 49%, while the commercial and retail segments also showed healthy demand and growth.
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Published on: Jul 16, 2026, 12:08 PM IST
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