Prestige Estates Projects reported its strongest-ever operational performance for the quarter and nine months ended December 31, 2025, with record-breaking sales and collections driven by robust housing demand, diversified launches and sustained execution momentum.The Bengaluru-based real estate developer clocked pre-sales of ₹4183 crore in the third quarter of FY26, marking a 39 per cent year-on-year growth. For the nine-month period, pre-sales surged to ₹22,327 crore, up 122 per cent year-on-year, surpassing the company’s previous full-year peak within just nine months — a milestone that underscores the scale of demand across its key markets.Also Read: Budget 2026: Luxury booms, affordable busts and why budget is a housing make-or-breakSales volumes stood at 2.99 million sq ft in Q3 FY26, while cumulative sales volumes for the nine months reached 16.95 million sq ft. The company sold 1,811 units during the quarter, taking total units sold in 9M FY26 to 8,598. Average realisations improved to ₹14,459 per sq ft during the quarter, reflecting a 6 per cent annual increase. Plot sales continued to outperform, with average realisations jumping 31 per cent year-on-year to ₹9,165 per sq ft.Prestige’s geographical sales mix remained well diversified, with Mumbai contributing the largest share at 36 per cent during the quarter, followed by Bengaluru at 25 per cent. Hyderabad and the National Capital Region each accounted for 16 per cent, while Chennai and Kochi contributed 5 per cent and 2 per cent respectively, highlighting the company’s multi-city presence.Live EventsCollections mirrored the strong sales performance. The company reported collections of ₹4,547 crore in Q3 FY26, up 40 per cent year-on-year. For the nine-month period, collections reached ₹13,283 crore — the highest ever achieved by Prestige in any comparable period and higher than collections recorded in previous full financial years, reflecting strong customer confidence and disciplined cash flow management.Chairman and Managing Director Irfan Razack said the record sales and collections reflect strong demand visibility and the trust customers place in the Prestige brand. He added that the company’s diversified portfolio across residential, office and retail assets provides resilience across market cycles and positions it well for long-term value creation.During the quarter, Prestige launched 5.02 million sq ft of new projects, taking total launches in 9M FY26 to 23.83 million sq ft. The cumulative gross development value (GDV) of residential launches during the nine months stood at ₹19,619 crore. Key launches included retail projects under the ‘Forum’ brand in Hyderabad and NCR, along with a residential project in Mumbai.On the execution front, the company completed 4.72 million sq ft in Q3 FY26, taking total completions for the nine months to 12.71 million sq ft. Completed projects during the quarter included residential and commercial developments in Bengaluru, reinforcing delivery momentum.Prestige’s annuity portfolio continued to remain stable. Office leasing during the quarter stood at 0.56 million sq ft, while occupancy across the operating office portfolio remained above 95 per cent as of December 31, 2025. Exit rentals from the office portfolio for FY26 are expected to be ₹828 crore, with annuity income projected to scale up to around ₹4,000 crore by FY30 upon completion of the ongoing pipeline.The retail portfolio also posted steady growth, with mall footfalls of 5.2 million during the quarter and gross turnover of ₹701 crore, up 14 per cent year-on-year. Retail occupancy remained above 99 per cent, and exit rentals from retail assets are projected to rise to nearly ₹1,092 crore by FY30 as new malls come on stream.



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