Prestige Estates Projects Limited announced record-breaking sales of ₹1,81,437 million in H1 FY26, a 157% year-on-year increase, surpassing its full-year FY25 sales. Q2 FY26 sales reached ₹60,173 million, up 50% year-on-year, driven by strong demand across markets. Collections for Q2 stood at ₹42,128 million, bringing H1 collections to ₹87,356 million, up 55% year-on-year.
Exceptional Sales Performance
Prestige Estates Projects Limited reported record sales of ₹1,81,437 million for the first half of FY26, exceeding its full-year FY25 sales figures. This remarkable growth represents a 157% increase compared to the same period last year.
Q2 FY26 Financial Highlights
The company achieved sales of ₹60,173 million during Q2 FY26, a 50% year-on-year increase. Sales volume reached 4.42 million square feet, translating to 2,069 units sold. The average realization for apartments increased to ₹14,906 per square foot, while plots saw an increase to ₹9,510 per square foot.
H1 FY26 Sales Volumes and Realization
For the first half of FY26, sales volumes aggregated 13.96 million square feet, representing 6,788 units sold. The average realization for apartments stood at ₹13,769 per square foot, and plots averaged ₹8,425 per square foot.
Strong Collections
Collections remained robust at ₹42,128 million during Q2 FY26, marking a 54% year-on-year increase. H1 FY26 collections reached ₹87,356 million, up 55% from the previous year.
Sales Distribution by Region
Sales performance remained balanced across key markets:
- Bengaluru: 40% of Q2 FY26 sales mix, 27% of H1 FY26 sales mix
- NCR: 18% of Q2 FY26 sales mix, 45% of H1 FY26 sales mix
- Mumbai: 22% of Q2 FY26 sales mix, 16% of H1 FY26 sales mix
- Hyderabad: 11% of Q2 FY26 sales mix, 7% of H1 FY26 sales mix
- Chennai: 7% of Q2 FY26 sales mix, 4% of H1 FY26 sales mix
- Others: 2% of Q2 FY26 sales mix, 1% of H1 FY26 sales mix
Launches and Completions Update
The company launched 3.87 million square feet of developable area in Q2 FY26, with a gross development value (GDV) of ₹39,669 million. This brings the total launches for H1 FY26 to 18.81 million square feet, with a GDV of ₹1,75,922 million. Total completions for H1 FY26 reached 7.99 million sq ft.
Office Segment Performance
Gross leasing during Q2 FY26 stood at 2.3 million square feet. The portfolio occupancy remained high at 93.42%, with FY26 exit rentals projected at ₹8,199 million.
Retail Segment Overview
Gross turnover for the retail segment in Q2 FY26 was ₹6,236 million, a 9% year-on-year increase. Footfalls across the retail portfolio reached 4.8 million during the quarter. Portfolio occupancy remained high at 99%, and FY26 exit rentals are estimated at ₹2,717 million.
Source: BSE
