Prestige Estates Targets Rs 36,000 Crore FY27 Sales

Prestige Estates Projects Ltd is entering FY27 with one of its most ambitious growth plans yet. Prestige Group Chairman Irfan Razack told PTI that the company is targeting to achieve Rs 35,000-36,000 crore of sales bookings or pre-sales during the 2026-27 fiscal. This target is backed by a massive launch pipeline. The company has a launch pipeline of around Rs 58,000 crore for the current fiscal across major cities, but the actual launch would depend on government approvals, Razack had said.

The confidence stems from a record FY26. Prestige achieved a record sales bookings of Rs 30,024 crore during the 2025-26 fiscal, up 76 per cent from the preceding year. Speaking on the guidance, Razack noted, "FY26 has been a landmark year for Prestige, marked by our highest-ever sales and collections alongside strong growth in revenue and profitability. These results reflect the strength of our brand, the trust of our customers, and our ability to execute consistently across markets and asset classes."

On the construction and capital deployment side, the company is backing its pipeline with significant investment. Prestige Estates will invest around Rs 15,000 crore this fiscal in the construction of residential and commercial projects across South India, Mumbai Metropolitan Region and Delhi-NCR. Executive Director Zayd Noaman said, "We will be investing Rs 14,000-15,000 crore this fiscal on construction," out of which around Rs 9,500-10,000 crore is estimated for housing projects and Rs 4,500-5,000 crore for commercial projects, including office complexes and shopping malls.

Financially, the FY26 numbers underline the scale of the turnaround. Prestige Estates reported a two-fold jump in its net profit to Rs 1,195.5 crore for the last fiscal from Rs 467.5 crore in 2024-25, while total income rose to Rs 13,195.5 crore during 2025-26 against Rs 7,735.5 crore in the preceding year. Last fiscal, Prestige Estates launched 32 million sq ft area with sales bookings potential of Rs 27,350 crore.

Q1 FY27 numbers already reflect this launch-led strategy in action. Prestige Estates Projects reported a strong start to FY27 with residential pre-sales of Rs 6,579 crores and robust customer collections of Rs 4,802 crores, having successfully launched four projects with a combined GDV of approximately Rs 12,000 crores, including the well-received Prestige Golden Grove in Hyderabad, which achieved 60% sales of its GDV. Management has attributed the sequential dip in bookings to timing rather than demand. Management indicated that the lower bookings were primarily a timing issue linked to project launches rather than weakening demand for residential real estate.

Looking at the rest of the year, the company is banking on a festive-season launch push. "Looking ahead, we have an exciting lineup of marquee launches across Mumbai, NCR, Bengaluru and Chennai during the festive season, which we believe will further strengthen our growth momentum," Irfan Razack, Chairman and Managing Director of Prestige Group, told PTI. Management remains confident in achieving its 15-20% pre-sales growth guidance for the year, backed by a strong launch pipeline of approximately Rs 45,000 crores across key markets like Bangalore, Mumbai, NCR, and Chennai.

For homebuyers, this translates into a wave of fresh launches across the country's biggest property markets in the coming quarters, spanning premium apartments, townships, and plotted developments. With approvals as the key swing factor, buyers eyeing a Prestige home should watch for launch announcements in Bengaluru, Mumbai, NCR, Chennai, and Hyderabad through the rest of FY27, as early-bird pricing and phase-1 inventory typically offer the best value before subsequent price hikes.