Prestige Estates FY26 pre-sales hit ₹30,024 crore, up 76%

Prestige Estates Projects Ltd ended FY26 with its highest-ever annual pre-sales, signalling sustained momentum for a large listed developer even as parts of the broader housing market saw some demand softness. The company’s operational update showed sales bookings of ₹30,024 crore for FY26, a 76% rise from the previous year, and a Q4 performance that remained positive.

The update also underlined how the group’s scale across multiple cities is translating into steady absorption across new launches and ongoing inventory. Bengaluru, Delhi-NCR, Mumbai, Hyderabad, and Chennai were cited as key contributors to overall sales.

Q4 performance: pre-sales rise 10% to ₹7,697 crore

Prestige Estates reported Q4 pre-sales of ₹7,697 crore, up 10% year-on-year, supported by demand for its housing properties. The company described sales momentum as consistent across both new launches and ongoing inventory. That consistency matters because it reduces reliance on one-off launches to meet quarterly targets.

Chairman and Managing Director Irfan Razack said the company closed FY26 on a strong note, with steady sales momentum through the year and a good finish in the fourth quarter. He also pointed to encouraging demand in key markets and reiterated the company’s focus on quality, location, and timely execution.

FY26 crosses the ₹30,000 crore milestone

FY26 annual pre-sales of ₹30,024 crore marked the first time Prestige Estates crossed ₹30,000 crore in sales bookings. The 76% year-on-year growth indicates that the company expanded its booking scale sharply compared to the previous fiscal.

The operational commentary linked the performance to resilient end-user demand across key markets. The update also noted a post-COVID demand shift where buyers are gradually moving toward larger branded developers with stronger perceived credibility.

What the FY26 run-rate looked like through the year

Several interim datapoints highlighted the pace of bookings during FY26. For the first nine months of FY26, pre-sales were reported at ₹22,327.3 crore, up 122% year-on-year, already surpassing the company’s previous full-year sales records. In Q3 FY26, pre-sales were ₹4,183.6 crore, up 39% year-on-year.

The company also reported a record first quarter in FY26, with sales of ₹12,126 crore, described as nearly 300% year-on-year growth. It said it sold 4,718 units across 9.55 million sq ft in that quarter.

Collections and cash-flow indicators

Collections were another key operating metric referenced across updates. In Q3 FY26, collections rose 40% year-on-year to ₹4,547.5 crore, and cumulative collections for 9M FY26 reached ₹13,283.3 crore, the highest for any nine-month period for the company.

In a separate quarterly note, the company also reported its highest-ever quarterly collections of ₹4,523 crore in Q1, up 55% year-on-year. Together, these numbers were positioned as evidence of execution discipline and customer confidence.

Sales volumes, pricing and launch activity in Q3 and 9M

Operational details for Q3 FY26 included sales volumes of 2.99 million sq ft across 1,811 units. For 9M FY26, units sold were reported at 8,598 and area sold at 16.95 million sq ft.

The average realisation in Q3 was ₹14,459 per sq ft, a 6% year-on-year increase. On launches, Prestige Estates reported 5.02 million sq ft of new projects in Q3 and 23.83 million sq ft of total launches over 9M FY26, with a cumulative GDV of residential launches of ₹19,619 crore.

Commercial and retail operating snapshot

Beyond residential bookings, the company disclosed operating indicators for its office and retail portfolios for Q3 FY26. Leasing in the office portfolio during Q3 was 0.56 million sq ft, with occupancy above 95% as of December 31, 2025. Exit rentals from the office portfolio for FY26 were expected to be ₹828.6 crore.

For retail, the portfolio recorded mall footfalls of 5.2 million during Q3 FY26 and gross turnover of ₹701.5 crore, up 14% year-on-year. Occupancy across the retail portfolio was reported at over 99%.

Project delivery track record and future pipeline

Prestige Group’s scale was reflected in its delivery and pipeline disclosures. As of December 2025, the group said it had delivered 313 projects spanning 206 million sq ft and had a pipeline of 128 projects across 195 million sq ft.

A separate disclosure pegged the delivery footprint as of September 2025 at 310 projects spanning 202 million sq ft, with a development pipeline of 130 projects covering 199 million sq ft. The difference reflects updates at different points in time, but both indicate a large forward pipeline.

Market reaction: stock moves alongside operational updates

The company’s operating performance also coincided with notable stock moves mentioned in the reports. In one session, shares rose over 3% intraday to ₹1,553.60 before closing at ₹1,523.60, up 1.72% from the previous close. Despite that day’s gain, the stock was reported down 6.40% over the past month while delivering a 5.04% return over the past year.

In another snapshot, Prestige Estates shares were reported trading at ₹1,543.50 on NSE at 9:21 AM on January 16, 2026, up 2.89% from the previous closing price.

Key numbers at a glance

Why the update matters for the realty sector

Prestige Estates’ FY26 booking performance is notable in the context of the sector’s post-pandemic trend of demand consolidating toward larger, branded developers. The company’s update explicitly referenced this shift, and its multi-city contributions suggest demand is not limited to a single region.

Razack said the company has a robust pipeline of upcoming launches across geographies and expressed optimism about sustaining momentum in the current fiscal. For investors and homebuyers, the combination of bookings, collections, and a large launch pipeline provides a clearer view of operating traction than headline sales alone.

Conclusion

Prestige Estates closed FY26 with record pre-sales of ₹30,024 crore, supported by a 10% year-on-year increase in Q4 bookings to ₹7,697 crore and consistent sales across key cities. The company’s disclosures on collections, volumes, and its delivery and pipeline footprint add context to the scale of the operating cycle. The next key monitorables, based on the update, are how upcoming launches progress across geographies and whether the company sustains its stated sales momentum in the current fiscal.