Prestige Estates Rides Record FY26 Into An Aggressive FY27 Launch Pipeline
Prestige Estates Projects Ltd has closed FY26 as its best year yet, and the Bengaluru-headquartered developer is now translating that momentum into one of the most aggressive launch calendars in Indian real estate. According to its latest operational update, the company's pre-sales or sales bookings stood at a record ₹30,024 crore in the 2025-26 fiscal, up 76 per cent from the preceding year. The fourth quarter alone contributed strongly, with pre-sales rising 10 per cent year-on-year to ₹7,697 crore on the back of steady housing demand. The jump is even more striking when set against FY25, when sales bookings had actually declined 19 per cent to ₹17,023 crore due to regulatory approval delays that pushed several launches back. Nearly doubling that base in a single year has pushed Prestige into the number two slot among India's listed developers by FY26 sales, behind only Godrej Properties.
Chairman and Managing Director Irfan Razack attributed the turnaround to consistent execution and demand across the company's core markets. "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, describing FY26 as a year that closed on a strong note with steady momentum right through to the fourth quarter. As of December 2025, the Prestige Group had delivered 313 projects spanning 206 million sq ft and was carrying a pipeline of 128 projects across 195 million sq ft, underlining the scale at which the group now operates across residential, commercial, retail and hospitality verticals.
The FY26 record was built on launches worth roughly ₹42,120 crore in planned GDV — 25 residential projects covering 44.80 million sq ft across Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR and Goa. That pipeline is now feeding directly into FY27, with the company's total launch pipeline for the new fiscal pegged at approximately ₹58,000 crore in Gross Development Value. Management has guided for FY27 pre-sales of ₹35,000-36,000 crore, a target that depends heavily on how quickly this pipeline converts into bookings.
The first quarter of FY27 has already shown both the scale and the volatility of this strategy. Prestige launched four residential projects during the April-June 2026 quarter with a combined developable area of 20.16 million sq ft and a GDV of approximately ₹12,000 crore. The marquee launch was Prestige Golden Grove in Hyderabad, a massive community adding 14.30 million sq ft of supply, alongside Prestige Gardenia Estates Phase II in Bengaluru, Prestige Forest Hills Phase 2 in Mumbai's Mulund, and Prestige Century Landmark in Bengaluru. Yet pre-sales for the quarter came in at ₹6,579.3 crore, down nearly 46 per cent year-on-year against a high Q1 FY26 base of ₹12,126.4 crore that had been driven by an outsized NCR contribution.
Geographically, Hyderabad dominated Q1 FY27 bookings at 49 per cent, followed by Bengaluru at 27 per cent, Mumbai at 12 per cent, the National Capital Region at 7 per cent, and other markets making up the balance. Average realisation for apartments came in at ₹11,193 per sq ft, down 16.1 per cent year-on-year largely because of this shift in city mix, while plotted developments saw realisations rise 9.5 per cent to ₹8,043 per sq ft. Collections held up better than bookings, climbing to ₹4,802.2 crore for the quarter, a sign that cash flow from existing inventory remains healthy even as fresh sales normalise off last year's peak.
Beyond core residential, Prestige continues to diversify its revenue base. On July 3, 2026, the company agreed to acquire a 50 per cent stake in Advent Convention and Hotels International Limited for up to ₹504 crore, a joint venture to co-develop a commercial project in Sahar, Andheri East, Mumbai, with 1.50 million sq ft of leasable area and an estimated GDV of ₹4,500 crore. The Mulund launch itself lands amid record property registrations in Mumbai, and ticket sizes for its high-rise units start at ₹2.73 crore, reflecting the group's broader tilt towards premium 3 and 4 BHK stock over mid-market inventory. Delhi-NCR remains a strategic growth market too, with the group building on its Prestige City-Indirapuram township in Ghaziabad and lining up further launches in the region.
For homebuyers, the FY27 story is one of scale meeting selectivity. A ₹58,000 crore launch pipeline means significantly more inventory choice across Hyderabad, Bengaluru, Mumbai, Chennai and NCR through the year, but the Q1 moderation also signals that pricing and city-timing will matter more than they did during FY26's exceptional run. Buyers evaluating a Prestige project today are essentially betting on a developer with a proven execution track record — 313 delivered projects and counting — that is now testing how much of its record pipeline it can convert into equally record sales.
