Prestige Estates Q2 Sales Bookings Rise 20% to ₹7,225 Crore on Housing Demand

What was reported and when

Prestige Estates Projects Limited, part of the Bengaluru-based Prestige Group, reported its operational update for the quarter ended 30 September 2026 (Q2 FY27) on Tuesday, 13 October 2026. The residential business recorded pre-sales of ₹7,225 crore in the quarter, up 20% from the same quarter a year earlier, according to the company's filing.

The company said demand was strong across its housing business, especially for large branded developers. Irfan Razack, Chairman and Managing Director, said the response to new launches remained encouraging even though most were introduced late in the quarter. He also said underlying housing demand continues to be healthy and pointed to the company's diversified asset base.

Half-year and quarter figures

Subtracting the Q2 figure from the H1 total gives about ₹6,579 crore for the first quarter, which matches the Q1 FY27 pre-sales reported separately by the company's coverage.

Where the sales came from

Bengaluru contributed 41% of first-half sales, followed by Hyderabad at 32% and Mumbai at 12%. Bengaluru was the largest market in the half, and it is also where the company launched Prestige Parklane in Devanahalli, North Bengaluru, on 25 September 2026.

Launches and construction in the quarter

• Nine new projects were launched in Q2, adding 10.09 million sq ft to developable area.
• Construction started on three residential projects covering 2.02 million sq ft.
• Construction also began on one retail project with 1.39 million sq ft of developable area.

Commercial, retail and hospitality

• Retail: Gross turnover was ₹721 crore in Q2, up 10% year on year.
• Commercial: Gross leasing reached 1.7 million sq ft in H1 FY27. Exit rentals were ₹8,434 million as of September 2026.
• Malls: Footfalls were 5.2 million, and occupancy was 99% at the end of September.
• Hospitality: Occupancy was 70% and the average room rate was ₹15,143 in H1 FY27. The company also secured a ₹3,000 crore investment from CPP Investments for this division. No closing date for that deal was reported.

Company context

Prestige Group reported that as of June 2026 it had delivered 319 projects covering 216 million sq ft, and had a pipeline of 137 projects across 229 million sq ft.

The results follow a weaker period. In Q1 FY27, consolidated net profit fell 19% to ₹235.9 crore, against ₹292.5 crore a year earlier. In FY25, sales bookings fell 19% to ₹17,023.1 crore, which the company attributed to deferred launches amid approval delays. Q3 FY26 bookings had risen 39% to ₹4,184 crore, and Q1 FY26 had set a record of ₹12,126.4 crore.

What it means for buyers and investors

For buyers, the figures show that a large number of homes were booked in the quarter, with an average realisation of about ₹12,375 per sq ft in Q2, slightly above the H1 average of about ₹11,618 per sq ft. The company reports bookings and collections separately: bookings measure the value of homes sold in a period, while collections are cash received from buyers. Collections of ₹10,096.3 crore in H1 compared with pre-sales of ₹13,804.3 crore for the same period.

For investors, one market analysis listed execution and cyclicality as the main risks. The company's revenue guidance depends on launches being completed on schedule and on sales continuing at the pace of recent quarters.

What comes next

• The company's FY27 pre-sales target is ₹35,000-36,000 crore. Deducting H1 pre-sales of ₹13,804.3 crore from the lower end implies about ₹21,196 crore would need to come in H2 (our arithmetic from the reported figures).
• The company has put its H2 launch pipeline above ₹40,000 crore.
• The CPP Investments hospitality investment has been reported, but no closing date was announced.
• No dated next steps for the Q2 launches were announced in the update.