Prestige delivers record Q3 FY26 performance
Prestige reported a strong operational performance in the third quarter of FY26, posting a 39% year-on-year increase in sales bookings to ₹4,183.6 crore, driven by robust demand for housing across key Indian cities.
In a regulatory filing, the Bengaluru-based realty major said its pre-sales surged to ₹22,327.3 crore during the first nine months of FY26, more than doubling compared to the same period last year. The performance highlights sustained buyer confidence in premium and mid-income housing segments, particularly in markets such as Bengaluru, Mumbai, Hyderabad, and Delhi-NCR.
Sales Volumes and Geographic Mix
Sales volumes stood at 2.99 million square feet in Q3 FY26, while cumulative sales volume for the first nine months of the fiscal touched 16.95 million square feet. During the October–December quarter, the company sold 1,811 residential units, taking total units sold in 9M FY26 to 8,598 units.
The geographic sales mix remained well diversified. Mumbai accounted for 36% of total sales in the quarter, followed by Bengaluru at 25%, Hyderabad and Delhi-NCR at 16% each, Chennai at 5%, and Kochi at 2%.
The company also reported an improvement in pricing, with average realisation rising 6 per cent year-on-year to ₹14,459 per square foot, supported by a higher contribution from premium residential projects.
Bengaluru Momentum Supports Key Prestige Projects
The strong quarterly numbers are expected to further bolster buyer interest in the Group’s residential portfolio, including prestige evergreen, prestige marigold, and prestige plots for sale, especially prestige plots in North Bangalore, where demand for plotted developments and premium housing has remained resilient.
Bengaluru continues to be a key growth driver for the company, supported by steady end-user demand, improving infrastructure, and sustained interest from homebuyers looking for branded residential developments.
Large Development Pipeline Underpins Growth
The Group is among India’s leading real estate developers, with a diversified presence across residential, commercial, retail, and hospitality segments. As of September 2025, the Group has delivered 310 projects spanning 202 million square feet and currently has a development pipeline of 130 projects covering 199 million square feet across major cities.
Industry analysts note that the company’s strong sales trajectory in FY26 positions it well to capitalise on continued housing demand, particularly in urban markets where branded developers are gaining share.
Shares of Prestige rose over 3 per cent intraday to ₹1,553.60, before closing at ₹1,523.60, up 1.72 per cent from the previous close. Despite the day’s gains, the stock is down 6.40 per cent over the past month, while delivering a 5.04 per cent return over the past year.
Source: https://www.thehindubusinessline.com/news/real-estate/prestige-estates-q3-sales-bookings-rise-39-to-4184-cr/article70512257.ece/amp/
