NSEGeneral Updates16 Jul 2026 · 16 Jul 2026, 11:34 am
General Updates
Prestige Estates Projects Limited · PRESTIGE
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Prestige Estates Projects Limited has announced its operational update for the quarter ended June 30, 2026, with a strong start to FY27, driven by robust performance across its diversified portfolio, including residential, commercial, retail, hospitality, and property management.
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Prestige Estates Projects Limited has informed the Exchange about Operational Update for the quarter ended June 30, 2026.
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PRESTIGE_16072026113358_IntimationQ1FY27.pdf
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Date: July 16, 2026
The General Manager The Manager
Dept. of Corporate Services Dept. of Corporate Services
National Stock Exchange of India Limited BSE Limited
Bandra Kurla Complex Floor 25, P J Towers
Bandra (E) Dalal Street
Mumbai – 400 051 Mumbai – 400 001
NSE Symbol: PRESTIGE BSE Scrip code: 533274
Dear Sir / Madam,
Sub: Operations update for the quarter ended June 30, 2026.
With reference to the above captioned subject, please find enclosed a statement on the
operational update of the Company for the quarter ended June 30, 2026.
Kindly take the same on your records.
Thanking you,
Yours faithfully,
For Prestige Estates Projects Limited
Manoj Krishna J V
Company Secretary and Compliance Officer
Encl a/a
Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025.
Phone: +91 80 25591080 E-mail: investors@prestigeconstructions.com Website: www.prestigeconstructions.com
CIN: L07010KA1997PLC022322
Prestige Begins FY27 on a Strong Note with Robust Operational Performance Across Its
Diversified Portfolio
Bengaluru, 16th July, 2026: Prestige Estates Projects Limited ("Prestige", “Company”), one of India's
leading real estate developers, announced its operational performance for the first quarter ended
June 30, 2026. FY27 commenced on a strong note with healthy performance across all business
verticals, viz Residential, Commercial, Retail, Hospitality and Property management, which
continued to perform well, reflecting the strength of the Company's diversified platform and its
ability to deliver consistent operational performance across market cycles.
Operational Highlights – Residential
• The residential business recorded Pre-sales of ₹65,793 million during Q1 FY27, with sales
volume of 6.04 million square feet and 3,337 units sold.
• Hyderabad was the largest contributor to quarterly sales, accounting for 49% of total sales,
followed by Bengaluru (27%), Mumbai (12%), NCR (7%) and other markets (5%),
demonstrating the Company's well-diversified geographical presence.
• The Company achieved an average realization of ₹11,193 per square foot for apartments,
while the average realization for plotted developments stood at ₹8,043 per square foot. The
average realizations for the quarter primarily reflect the geographical mix of sales, with
Hyderabad accounting for nearly half of the quarterly sales following the successful launch
of Prestige Golden Grove.
• Collections remained robust at ₹48,022 million, reflecting healthy customer demand and
strong execution across projects.
Project Launches & Completions
• During the quarter, the Company launched four projects with a combined developable area
of 20.16 million square feet, and a GDV of approximately ₹1,20,000 mn for the residential
projects.
• The launches during the quarter were as below:-
Developable
Sl no Project Location Segment
Area (mn sft)
1 Prestige Golden Grove Hyderabad Residential 14.30
Residential –
plotted
2 Prestige Gardenia Estates Ph II Bengaluru development 0.48
Prestige Forest Hills @ TPC Mulund
3 - Ph2 Mumbai Residential 2.45
4 Prestige Century Landmark Bengaluru Commercial 2.93
Total 20.16
Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025.
Phone: +91 80 25591080 E-mail: investors@prestigeconstructions.com Website: www.prestigeconstructions.com
CIN: L07010KA1997PLC022322
• The Company completed three projects during the quarter with a total developable area of
4.37 million square feet, including:
Developable
Sl no Project Location Segment
Area (mn sft)
1 Prestige Tech Forest Bengaluru Commercial 3.64
2 Prestige Sanctuary Bengaluru Residential 0.43
3 Prestige Cityscape Kochi Residential 0.30
Total 4.37
Commercial
• The commercial office portfolio continued to witness healthy demand, with gross leasing of
1.5 million square feet during the quarter.
• As of June 2026, Exit Rentals for the Commercial portfolio stood at ₹7,560 mn.
Retail
• The retail portfolio continued its strong momentum, with gross turnover (GTO) across malls
reaching ₹7,370 million, representing an 18% year-on-year growth.
• The Company's malls recorded footfalls of 5.2 million during the quarter reflecting
sustained consumer demand and retailer confidence.
• As of June 2026, Exit Rentals for the Retail portfolio stood at ₹2,776 mn.
Hospitality
• The hospitality business delivered a healthy operating performance during the quarter,
recording competitive average room rates (ARRs) and strong occupancy levels, supported
by continued growth in business and leisure travel demand.
Commenting on the operational performance, Mr. Irfan Razack, Chairman and Managing
Director, Prestige Group said:
“We are pleased with the strong start to FY27, led by the excellent response to Prestige Golden Grove in
Hyderabad. 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.
Supported by healthy collections and resilient performance across our annuity businesses, we remain confident
of delivering a stellar performance for the year.”
Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025.
Phone: +91 80 25591080 E-mail: investors@prestigeconstructions.com Website: www.prestigeconstructions.com
CIN: L07010KA1997PLC022322
About Prestige
Prestige Group is one of India’s leading and most diversified real estate developers, with a legacy
spanning over four decades and a portfolio that includes residential, commercial, retail, hospitality,
and integrated township projects across major cities. As of March 2026, the Group has delivered 316
projects spanning 212 million sqft and currently has a pipeline of 135 projects across 227 million sqft.
Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025.
Phone: +91 80 25591080 E-mail: investors@prestigeconstructions.com Website: www.prestigeconstructions.com
CIN: L07010KA1997PLC022322