Prestige Estates Projects Limited has delivered a landmark performance with record-breaking FY26 annual sales of ₹30,024.5 crore, representing a remarkable 76% year-on-year growth and significantly beating the company's guidance of ₹27,000 crore. The real estate developer also reported strong quarterly performance with Q4 FY26 sales of ₹7,697 crore, marking an 11% increase year-on-year, alongside highest-ever collections of ₹18,515 crore for the full year.

Record-Breaking Annual Performance

The company's FY26 performance marks the first time Prestige Estates has crossed the ₹30,000 crore threshold in annual sales, reflecting sustained momentum across all verticals including residential, commercial, retail and hospitality. Total sales volume reached 22.28 million square feet, marking a 77% increase year-on-year, with 11,692 units sold during the financial year.

Strong Market Presence and Geographic Distribution

The geographical sales mix for FY26 was led by Bengaluru at 34%, followed by NCR at 33%, Mumbai at 20%, and other markets contributing 13%. The company witnessed sustained traction across key markets during FY26, with healthy contributions from all major cities. Launches during FY26 totalled 31.84 million square feet with GDV of ₹27,350 crore, while sales from new launches stood at ₹17,344 crore, reflecting strong demand traction.

Operational Excellence and Delivery Performance

The company demonstrated continued execution momentum with total area delivered during the year at 18.22 million square feet. During Q4 FY26, the company completed major projects including Prestige Capital Square, Prestige Lake Shore Drive Phase I, and Meridian Park Phase I, delivering a total of 5.51 million square feet during the quarter.

Diversified Portfolio Performance

The office portfolio remained stable with 4.47 million square feet of leasing activity recorded during FY26 and occupancies sustained at over 90% throughout the year. The retail portfolio continued to perform strongly, maintaining near-full occupancy of 99%, with gross turnover across assets reaching ₹25,671 million for the year. The hospitality segment also delivered strong and consistent performance, supported by sustained demand and healthy operating efficiencies.

Management Commentary and Future Outlook

Commenting on the performance, Mr. Irfan Razack, Chairman and Managing Director, expressed satisfaction with the strong FY26 results. "We have delivered a strong performance in FY26, with healthy growth in sales and collections driven by successful launches across geographies. While the year marks an important milestone with annual sales crossing ₹30,000 million, our focus remains on maintaining execution discipline and a balanced approach to growth," he stated. The company also undertook significant business development, adding new projects with an estimated GDV of over ₹50,000 crore, further strengthening its future growth pipeline.

Prestige Estates Projects has announced the launch of new real estate development projects with an estimated gross development value (GDV) exceeding ₹50,000 crores. The company is strategically expanding its presence across major Indian cities through these significant developments.

Project Portfolio Expansion

The new projects represent a substantial investment in the Indian real estate market, with the company focusing on key urban centers for maximum growth potential. The estimated GDV of over ₹50,000 crores demonstrates the scale and ambition of Prestige Estates Projects' expansion strategy.

Strategic Market Positioning

This announcement reflects Prestige Estates Projects' commitment to strengthening its market position in the competitive real estate sector. The company's decision to launch multiple projects simultaneously across various major cities indicates confidence in market demand and growth prospects.

Growth Initiative

The new developments are positioned as key growth drivers for the company, aimed at expanding its footprint in strategic locations. These projects are expected to contribute significantly to the company's revenue pipeline and market presence in the coming periods.

The launch of projects worth over ₹50,000 crores in estimated GDV represents one of the company's major expansion initiatives, targeting multiple major Indian cities to maximize market reach and growth potential.