Prestige Estates FY26 Sales Hit Record ₹30,024 Crore, Up 76%

Introduction to a Landmark Year

Prestige Estates Projects Ltd has concluded the 2025-26 fiscal year with a historic performance, achieving its highest-ever annual pre-sales of ₹30,024 crore. This represents a remarkable 76% increase compared to the previous fiscal year, underscoring the robust demand for its properties and the company's strong execution capabilities. The final quarter of the fiscal year contributed significantly to this achievement, with pre-sales rising 10% to ₹7,697 crore, providing a strong finish to a record-setting year.

Sustained Momentum Throughout FY26

The company's sales trajectory demonstrated consistent strength across both newly launched projects and existing inventory. Irfan Razack, Chairman and Managing Director of Prestige Estates, noted that the firm closed FY26 on a strong note, driven by steady sales momentum throughout the year. This performance was not concentrated in a single period but was built upon a foundation of exceptional results in the preceding quarters. The first nine months of FY26 had already set a new benchmark, with pre-sales reaching ₹22,327.3 crore, a 122% year-on-year surge that surpassed the company's previous full-year sales records.

A Closer Look at Quarterly Performance

The third quarter of FY26 was particularly indicative of the company's growth trajectory. During this period, Prestige Estates recorded pre-sales of ₹4,183.6 crore, a 39% increase from the same quarter in the previous year. Sales volumes for Q3 stood at 2.99 million square feet, comprising 1,811 units. This robust performance was complemented by strong financial discipline, as collections for the quarter grew by 40% year-on-year to ₹4,547.5 crore. The cumulative collections for the first nine months hit an all-time high of ₹13,283 crore, reflecting strong customer confidence and efficient cash flow management.

Geographic Diversification as a Key Strength

A significant factor behind the record-breaking year was the company's well-diversified geographical presence. Key urban centres such as Bengaluru, Mumbai, the National Capital Region (NCR), Hyderabad, and Chennai were the primary drivers of sales. This broad-based contribution across multiple cities highlights resilient end-user demand and reduces dependency on any single market, signaling a healthier and more sustainable growth model. In Q3 FY26, Mumbai led the sales contribution at 36%, followed by Bengaluru (25%), and both Hyderabad and NCR contributing 16% each.

Operational Excellence and Project Pipeline

Prestige Estates maintained a strong focus on execution, launching 5.02 million square feet of new projects in Q3 FY26. This brought the total new launches in the first nine months to 23.83 million square feet, with a cumulative gross development value (GDV) of ₹19,619 crore for residential projects. The company also completed 4.72 million square feet of projects in the third quarter. As of December 2025, the Prestige Group has an impressive track record, having delivered 313 projects spanning 206 million square feet. Its future development pipeline remains robust, with 128 projects covering 195 million square feet currently underway.

Financial Health and Market Outlook

The company's strong operational results translated into solid financial performance. For Q3 FY26, consolidated total income stood at ₹3,885.5 crore, a significant increase from ₹1,797.9 crore in the corresponding period of the previous year. The average sales realization improved to ₹14,459 per square foot in Q3, up 6% year-on-year, supported by a higher contribution from premium residential projects. The company's other portfolios also performed well, with office leasing occupancy over 95% and the retail segment showing a 14% growth in gross turnover. Looking ahead, Prestige projects its office annuity income to reach approximately ₹4,000 crore by FY30, significantly strengthening its long-term recurring revenue streams.

Analysis of the Record Performance

The record-breaking sales figures from Prestige Estates are a clear indicator of the health of the Indian real estate market, particularly for established, brand-name developers. The sustained demand across multiple major cities points to strong buyer confidence in high-quality housing. The company's ability to not only launch new projects but also consistently sell its ongoing inventory reflects its deep market understanding and strong brand equity. The impressive growth in collections further solidifies its financial position, enabling it to fund its ambitious development pipeline and sustain its growth momentum in the coming years.

Conclusion

Prestige Estates' performance in FY26, culminating in ₹30,024 crore of pre-sales, sets a new standard for the company and the industry. The 76% annual growth was driven by a combination of strategic project launches, geographical diversification, and unwavering customer demand. With a strong project pipeline and a healthy balance sheet, the company is well-positioned to capitalize on the continued demand for quality real estate in India's key urban markets.