Prestige Estates Q2 FY27 Pre-Sales Rise 20% to ₹7,225 Crore

Prestige Estates Projects Limited reported Q2 FY27 pre-sales of ₹7,225 crore, up 20% year-on-year, taking its H1 FY27 pre-sales to ₹13,804.3 crore. The operating update shows continued residential sales growth, higher collections and new project launches before the company’s November 5 board meeting to approve financial results.

What did Prestige Estates report for Q2 FY27?

Prestige Estates reported pre-sales of ₹7,225 crore in Q2 FY27, with sales of 3,910 units covering 5.84 million square feet. The quarterly pre-sales figure was also 10% higher quarter-on-quarter, according to the operating update cited in the source material.

For H1 FY27, pre-sales reached ₹13,804.3 crore across 7,247 units and 11.88 million square feet. Average sales realisation was ₹12,375 per square foot in Q2 and ₹11,618 per square foot for the first half. These figures provide a measure of the value and volume of residential sales recorded during the period.

Collections stood at ₹5,294.1 crore for Q2, bringing H1 FY27 collections to ₹10,096.3 crore. The source also described quarterly collections as up 26% year-on-year. Collections are relevant for a developer because they reflect cash received from customers against property sales.

Which projects did Prestige Estates launch and complete?

Prestige Estates launched three residential projects in Q2 FY27, covering 5.91 million square feet and carrying estimated gross development value of about ₹4,020 crore. The launches were Prestige Palm Court in Chennai, Garden Breeze at TPC in Bengaluru and Prestige Parklane in Bengaluru.

Prestige Palm Court covers 1.99 million square feet, while Garden Breeze at TPC and Prestige Parklane cover 1.23 million square feet and 2.69 million square feet, respectively. The three projects formed part of the company’s residential expansion during the quarter.

Residential launches in H1 FY27 totalled 23.14 million square feet, with gross development value exceeding ₹16,200 crore. Across residential, commercial, retail and hospitality operations, Prestige Estates commenced or launched nine projects with combined developable area of 10.09 million square feet in Q2. The corresponding H1 figure was 30.25 million square feet.

The company completed three residential projects totalling 4.27 million square feet in Q2. Overall completions, including other businesses, stood at 5.07 million square feet during the quarter and 9.44 million square feet in H1 FY27.

How did Prestige Estates' commercial and retail businesses perform?

Prestige Estates' office portfolio recorded gross leasing of 1.7 million square feet in H1 FY27. Its commercial portfolio exit rentals stood at about ₹850 crore as of September 2026, compared with ₹650 crore at the end of FY26.

The company also completed Prestige Trade Center in the National Capital Region, with total development area of 0.8 million square feet. The operational update therefore covered income-producing commercial assets as well as residential sales activity.

In retail, gross turnover across the company’s malls was ₹721 crore in Q2 FY27, up 10% year-on-year. Mall footfalls were 5.2 million during the quarter, while occupancy was 99% at the end of September 2026.

Retail exit rentals were about ₹280 crore as of September 2026. The office and retail metrics indicate the scale of leasing and mall operations alongside the developer’s core residential project pipeline.

What is scheduled at Prestige Estates' November board meeting?

Prestige Estates has scheduled a board meeting for November 5, 2026, to approve unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The meeting date is also identified as the company’s upcoming Q2 FY26-27 earnings date in the supplied material.

The company has closed its trading window from October 1 through November 7, 2026, as stated in the board meeting intimation. An investor call is scheduled for November 6 to discuss the results and outlook.

The operating update is separate from the upcoming unaudited financial statements. Pre-sales, collections, launches and leasing data describe operating activity, while the board-approved results will provide the reported standalone and consolidated financial measures for the period.

Why do the Q2 operating figures matter to investors?

Prestige Estates' Q2 pre-sales of ₹7,225 crore exceeded Nomura’s cited estimate of ₹6,000 crore. Nomura attributed the difference primarily to higher-than-expected sustenance sales, despite what it described as a significantly volatile macro backdrop.

The brokerage maintained its FY27 pre-sales estimate of ₹35,000 crore, representing 17% year-on-year growth. It also noted that Prestige Estates had launched about ₹16,000 crore of projects so far against total planned FY27 launches of ₹57,000 crore, and expected launch momentum to improve later in the year.

For investors, the reported 20% annual increase in quarterly pre-sales and 26% annual increase in collections are the principal operating indicators supplied ahead of results. The company’s sizeable launches, completions, leasing activity and near-full mall occupancy provide additional context on execution across its property businesses.

Conclusion

Prestige Estates recorded Q2 FY27 pre-sales of ₹7,225 crore and H1 FY27 pre-sales of ₹13,804.3 crore, supported by residential sales, launches and collections. Its commercial leasing and retail operations also reported measurable activity, including 1.7 million square feet of H1 office leasing and 99% mall occupancy at September-end.

The next disclosed event is the November 5, 2026 board meeting for unaudited standalone and consolidated Q2 and H1 results, followed by an investor call on November 6. Investors will also track progress against the company’s planned FY27 launch pipeline of ₹57,000 crore.