World · India Bureau
Prestige Estates Q2 sales surge on strong pipeline heading into FY27
Premium real estate developer Prestige Estates reported a 20% year-on-year jump in pre-sales during the second quarter, reaching Rs 7,225 crore. The company's substantial planned launches and recurring revenue streams are expected to sustain momentum through the financial year.
LSN India ·
Prestige Estates demonstrated robust sales performance in Q2, with pre-sales climbing to Rs 7,225 crore, marking a significant 20% increase from the corresponding period last year. The Bangalore-headquartered developer's showing reflects continued demand in India's premium residential and commercial real estate segments.
The company has outlined an ambitious project pipeline for FY27, with planned launches valued at Rs 57,000 crore. This substantial incoming supply of new developments positions Prestige Estates to sustain revenue growth through the financial year and provides visibility to investors on future monetization opportunities.
Beyond new launches, the developer's annuity portfolio—comprising recurring revenue from completed projects and ongoing developments—provides a stable revenue foundation. This diversified income structure has supported brokerages in maintaining positive outlooks on the company's growth trajectory and profitability potential.
The strong quarterly performance and forward pipeline underscore the resilience of India's premium real estate market, where major developers continue to capitalize on sustained demand from high-income homebuyers and investors. Prestige Estates' results align with broader sector trends showing accelerated activity in tier-1 metropolitan areas and emerging luxury markets across South India.