Prestige Estates Posts Record H1 Sales, Stock Up 3%

• Prestige Estates posts Rs 18,143.7 Crore in sales in H1 FY26, surpassing full FY25 sales
• Housing demand, new launches, and strong collections drive 157% YoY growth
• Commercial, retail segments show stable leasing, high occupancy, and strong rentals

Real estate major Prestige Estates Projects saw its shares rise over 3.6% after it reported record-breaking performance for the first half of FY26. The company achieved sales worth Rs 18,143.7 crore, a 157% year-on-year growth, already exceeding its entire FY25 performance.

In Q2 FY26, Prestige recorded Rs 6,017.3 crore in sales, up 50% YoY, driven by robust housing demand across cities and segments. The developer sold 4.42 million sq ft, or 2,069 units, in the quarter. Average realization for apartments rose to Rs 14,906 per sq ft, while plots saw a sharp 43% jump to Rs 9,510 per sq ft.

For H1 FY26, Prestige sold nearly 14 million sq ft across 6,788 units. Collections hit Rs 8,735.6 crore, a 55% jump YoY. The growth came from across geographies, showing the strength of its diversified portfolio.

The company launched 18.81 million sq ft of new projects in H1 FY26, with a gross development value of Rs 17,592.2 crore. Its commercial segment stayed strong with 2.3 million sq ft leased in Q2 and 93.4% occupancy. Retail also saw healthy momentum, clocking Rs 623.6 crore in turnover and 99% occupancy.

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Irfan Razack,CMD of Prestige Estates, highlighted major successes in Mumbai and NCR, with projects like Prestige Nautilus and The Prestige City Indirapuram crossing Rs 4,400 crore and Rs 8,300 crore in sales respectively. He stressed the focus on timely delivery and financial discipline.