Prestige Estates saw sales bookings decline 19% to Rs 17,023.1 crore in FY25, reflecting the impact of deferred launches amid approval delays. The Bengaluru-based developer achieved nearly Rs 7,000 crore in January-March quarter sales, a 48% year-on-year jump, signaling a strong close to an otherwise challenging fiscal year.

The fall in annual sales bookings was attributed to lower launches of housing projects due to a lack of approvals from development authorities. As a result, the company failed to achieve the annual sales bookings guidance of Rs 24,000 crore. The FY25 sales decline was caused by approval delays, not demand weakness. This is a function of state government processes in Karnataka, Maharashtra, and Telangana — not something Prestige controls. Regulatory delays remain a systemic challenge across India's real estate sector, with key geographies such as MMR, NCR, Bengaluru, and Gujarat affected, further exacerbated by central and state elections during FY25.

Despite the setback, Prestige's pricing power remained intact. Average realisation for apartments, villas, and commercial products rose to Rs 14,113 per square feet, a 36% increase year-on-year. Plot sale realisation increased to Rs 7,167 per square foot, registering a 50% year-on-year growth.

Prestige Estates entered NCR with its flagship township, The Prestige City, in Indirapuram Extension, Ghaziabad. The project generated an overwhelming response from homebuyers. The company recorded over Rs 8,000 crore worth of sales in the first phase of this 62.5-acre development. Delhi-NCR has become a larger market for Prestige Estates than Bengaluru, its home base. During the initial six months of FY2026, the NCR region accounted for 45% of the total sales of the company, which is the highest figure from any Indian market.

The company plans to launch two new housing projects in Delhi-NCR this fiscal, one each in Noida and Gurugram. Prestige Estates recorded record sales bookings of Rs 300.24 billion in 2025-26, representing a rise of 76% from the preceding year. Management expects this growth trajectory to continue, with plans to launch 25 residential projects having 44.80 million sq ft of developable area with an estimated gross development value of Rs 42,120 crore across Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR and Goa in the current financial year.

For homebuyers, the regulatory challenge underscores the importance of selecting developers with strong execution credentials. Prestige's estimated 85–90% on-time completion rate against an industry average closer to 50% demonstrates operational discipline. When delays do occur, the average slippage has been in the 3–7 month range — significantly tighter than the 18–36 month delays routine elsewhere in Indian real estate.