Prestige Estates Projects has reported pre-sales of ₹65,793 million for Q1 FY27, reflecting robust activity in the residential real estate segment. The company recorded sales of 6.04 million square feet across 3,337 units during the quarter, highlighting sustained buyer interest across its diversified project portfolio.

Q1 FY27 Pre-Sales Performance

The following table summarises the key pre-sales metrics reported by Prestige Estates for Q1 FY27:

Hyderabad emerged as the largest contributor, accounting for 49% of total sales, followed by Bengaluru at 27%, Mumbai at 12%, NCR at 7%, and other markets at 5%. The company achieved an average realization of ₹11,193 per square foot for apartments and ₹8,043 per square foot for plotted developments.

Operational Updates

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 residential projects. Key launches included Prestige Golden Grove in Hyderabad and Prestige Forest Hills @ TPC Mulund - Ph2 in Mumbai. Additionally, three projects were completed, totaling 4.37 million square feet.

The commercial office portfolio witnessed gross leasing of 1.5 million square feet, with Exit Rentals standing at ₹7,560 mn as of June 2026. The retail portfolio reported a gross turnover of ₹7,370 million, an 18% year-on-year growth, with footfalls reaching 5.2 million.

Prestige Estates Projects has issued a corporate guarantee for a loan of up to INR 370 Crores availed by its wholly owned subsidiary, Prestige Alta Vista Properties LLP, from Axis Bank Limited. The guarantee is a contingent liability for the company and has been provided on behalf of the subsidiary, which is part of the consolidated group. At this point, there is no impact of this guarantee on the company.

The corporate guarantee has been provided on an arm's length basis, in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI Listing Regulations. The promoter or promoter group do not have any interest in this transaction.

Details of the Guarantee

The following table outlines the key details of the loan facility secured by the corporate guarantee:

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the filing to the National Stock Exchange of India Limited and BSE Limited on July 16, 2026.