PRESTIGE CLOSES FY26 WITH RECORD Rs 30,024 CRORE PRE-SALES

Prestige Group has closed FY26 with its strongest-ever performance, posting annual pre-sales of Rs 30,024 crore, a 76% jump over the previous fiscal. According to its latest operational update, the company's pre-sales or sales bookings stood at a record Rs 30,024 crore in the 2025-26 fiscal, up 76 per cent from the preceding year. This marks the first time the Bengaluru-headquartered developer has crossed the Rs 30,000 crore threshold in a single year, cementing its position among India's top-performing listed realty companies.

The fourth quarter alone contributed significantly to the full-year tally. Realty firm Prestige Estates Projects Ltd's pre-sales rose 10 per cent to Rs 7,697 crore in the fourth quarter of the last fiscal on better demand for its housing properties, with sales volume rising 19% to 5.34 million square feet during the quarter. Collections kept pace with sales momentum, climbing 53% year-on-year to Rs 18,514 crore for the full year, reflecting strong cash conversion alongside the booking growth.

Chairman and Managing Director Irfan Razack attributed the milestone to sustained demand and disciplined execution. Irfan Razack, Chairman and Managing Director, said the company has closed FY26 on a strong note, with steady sales momentum through the last financial year and a good finish in the fourth quarter. "Demand across our key markets has remained encouraging, and our focus on quality, location, and timely execution continues to resonate well with customers," he said. He further pointed to a robust launch pipeline as the basis for confidence going into the next fiscal, and the company has a robust pipeline of upcoming launches across geographies and hence optimistic about sustaining this momentum during the current fiscal.

Geographically, the growth was broad-based rather than concentrated in one city. Bengaluru, Delhi-NCR, Mumbai, Hyderabad, and Chennai contributed a lot to the overall sales, underlining Prestige's multi-city presence as a key differentiator against peers who remain more regionally concentrated. The company also added significant scale to its future pipeline, having added projects with an estimated Gross Development Value (GDV) exceeding Rs 50,000 crore during the year, spread across Bengaluru, Mumbai, NCR, Hyderabad, and Chennai.

The scale of bookings has also created a large base of unrecognised revenue on the company's books. Prestige Estates has reported around Rs 65,000 crore of unrecognised revenue, driven by robust housing sales over the last three financial years, since it currently follows the completion method for revenue recognition, meaning income is booked only after projects are fully handed over. Management indicated discussions are underway with auditors to explore a shift towards the percentage-of-completion method, which would recognise revenue progressively as construction advances.

Looking ahead, the company has set an ambitious target for the current fiscal. The company has set an ambitious target of Rs 35,000 to Rs 36,000 crore in sales bookings for the 2026-27 fiscal year, backed by a launch pipeline of around Rs 58,000 crore worth of projects planned across major cities, though actual launches will depend on regulatory approvals. Fresh launches such as Prestige Golden Grove in Hyderabad's Tellapur belt and Prestige Garden Trails in Mumbai's Dahisar-Mira Road corridor are already part of this pipeline and give an early sense of where the next leg of bookings will come from.

For homebuyers, the record numbers signal continued confidence in Prestige's delivery track record and brand strength, even as analysts flag the stock's premium valuation relative to peers like DLF and Godrej Properties. The underlying takeaway is operational: strong collections, an expanding multi-city launch calendar, and a large land bank position the developer to keep bringing new inventory to market through FY27, giving prospective buyers more choice across price points and cities in the near term.