Prestige Estates Projects Share Price Gains Over 2% After Q2 FY27 Operational Update

On October 13, 2026, Prestige Estates Projects Limited, a prominent real estate developer in India, has announced its operational performance for Q2 and H1 FY27, as per the exchange filings.  

The company maintained strong momentum across its business verticals, including residential, commercial, retail, hospitality, and property management. 

Residential Segment Performance of Prestige Estates Projects 

In Q2 FY27, Prestige recorded pre-sales of ₹72,250 million, marking a 20% year-on-year increase, with a sales volume of 5.84 million square feet and 3,910 units sold.  

For H1 FY27, pre-sales reached ₹1,38,043 million, with a sales volume of 11.88 million square feet and 7,247 units sold. Bengaluru contributed 41% of total sales, followed by Hyderabad at 32%, Mumbai at 12%, Chennai at 8%, and 7% from other markets. 

The company launched 3 residential projects in Q2 FY27, covering a combined developable area of 5.91 million square feet, with a GDV of approximately ₹40,200 million. Residential launches for H1 FY27 totalled 23.14 million square feet, with a GDV exceeding ₹1,62,000 million. 

Commercial and Retail Segments of Prestige Estates Projects 

The office portfolio demonstrated stable performance, with gross leasing of 1.7 million square feet in H1 FY27. Exit rentals for the commercial portfolio stood at ₹8,434 million as of September 2026. The company commenced construction on 3 projects spanning 2.02 million square feet during the quarter. 

The retail segment saw a gross turnover of ₹7,210 million in Q2 FY27, reflecting a 10% year-on-year growth. Malls recorded footfalls of 5.2 million, with occupancy at 99% by September end. The company began construction on 1 retail project with a developable area of 1.39 million square feet. 

Hospitality and Strategic Investments 

The hospitality business achieved a 70% occupancy rate and average room rates of ₹15,143 in H1 FY27. The company commenced construction of 2 hotel projects, adding 313 keys across a combined developable area of 0.77 million square feet. 

Prestige announced a strategic investment of ₹30,000 million by CPP Investments in Prestige Hospitality Ventures Limited for a 27% stake. This investment aims to support the expansion of the hospitality business. 

Read More: Bajel Projects Share Price in Focus; Announces Major EPC Contract Worth Over ₹200 Crore! 

Prestige Estates Projects Share Price Performance 

As of October 13, 2026, at 2:38 PM, Prestige Estates Projects share price on NSE was trading at ₹1,471.00, up by 2.90% from the previous closing price. 

Conclusion 

Prestige Estates Projects Limited reported ₹1,38,043 million in pre-sales for H1 FY27, with a ₹4,00,000 million launch pipeline for H2. The company achieved a 20% year-on-year increase in residential pre-sales for Q2 FY27, alongside stable performance in commercial, retail, and hospitality segments. 

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