Prestige Estates posts record H1 FY26 sales, surpasses FY25 targets

Prestige Estates Projects Limited reported record-breaking H1 FY26 sales of ₹181,437 million, a 157% year-on-year increase that surpassed its full-year FY25 sales. In Q2 FY26, sales grew 50% year-on-year to ₹60,173 million, with a sales volume of 4.42 million square feet and 2,069 units sold. Average realization for apartments increased 8% year-on-year to ₹14,906 per square foot, while plots saw a 43% rise to ₹9,510 per square foot.

H1 FY26 sales volumes aggregated 13.96 million square feet (6,788 units), with apartment realizations averaging ₹13,769 per square foot and plots at ₹8,425 per square foot. Collections remained strong, with Q2 collections reaching ₹42,128 million, up 54% year-on-year, bringing H1 collections to ₹87,356 million.

The company launched 3.87 million square feet of developable area in Q2 FY26, with a gross development value (GDV) of ₹39,669 million, bringing H1 FY26 launches to 18.81 million square feet with a GDV of ₹175,922 million. Total completions for H1 FY26 stood at 7.99 million square feet. The retail segment reported a gross turnover of ₹6,236 million in Q2 FY26, up 9% year-on-year, and office segment gross leasing stood at 2.3 million square feet.