Prestige Estates Projects has delivered outstanding operational performance in Q3 and 9M FY26, setting new benchmarks in sales and collections while expanding its premium project portfolio with strategic launches in Bengaluru's prime locations.

Record-Breaking Financial Performance

The company achieved unprecedented financial milestones during the nine-month period of FY26, demonstrating strong market demand and execution capabilities.

Strong Q3 FY26 Performance

The third quarter of FY26 showcased robust growth momentum, with pre-sales reaching ₹41.80 billion. This represents a significant 39% year-on-year growth, reflecting the company's strong market position and effective sales strategy. The quarterly performance contributed substantially to the overall nine-month achievements, indicating consistent execution across multiple projects and geographies.

Strategic Project Launch

Prestige Estates Projects has unveiled Evergreen at Prestige Raintree Park, a premium residential destination located in Whitefield, Bengaluru. This strategic launch represents a significant addition to the company's project portfolio.

Market Position and Growth Trajectory

The exceptional performance in both sales and collections during 9M FY26 positions Prestige Estates Projects as a leading player in the real estate sector. The combination of record-breaking financial achievements and strategic project launches in prime locations like Whitefield demonstrates the company's ability to capitalize on market opportunities while maintaining strong operational execution across its diverse portfolio.

Prestige Estates Projects Limited has announced the launch of Evergreen at Prestige Raintree Park, a premium residential development in Whitefield, Bengaluru, marking a significant expansion of the company's presence in one of the city's most sought-after micro-markets. The project represents a substantial investment with an estimated Gross Development Value of ₹5,000.00 crores.

Project Specifications and Scale

Evergreen at Prestige Raintree Park is planned on approximately 24 acres of land and comprises around 2,000 apartments with a total saleable area of 3.20 million square feet. The development offers a comprehensive range of residential options to cater to diverse customer preferences.

Strategic Market Positioning

This launch follows the successful introduction of Prestige Raintree Park in September 2024, which featured larger-format residences and received strong market response. Evergreen at Prestige Raintree Park expands the offering to include a wider range of unit sizes, including smaller-format homes, enabling broader customer participation while maintaining the premium living experience that defines the Prestige Raintree Park development.

Whitefield remains one of Bengaluru's most sought-after residential micro-markets, supported by established IT hubs, strong social infrastructure, and improving connectivity, making it an attractive destination for homebuyers and investors.

Management Commentary

Commenting on the launch, Mr. Irfan Razack, Chairman and Managing Director of Prestige Estates Projects Limited, highlighted the strategic rationale behind the project. He emphasized that Evergreen builds on the encouraging response received to Prestige Raintree Park launched earlier, with the new development expanding the product mix to include a wider range of apartment configurations to address evolving customer preferences in Whitefield.

The project is strategically located at the junction of Whitefield and Varthur, offering strong connectivity to key office hubs and benefiting from proximity to established social infrastructure such as malls, schools, and hospitals.

Company Background

Prestige Group is one of India's most respected and diversified real estate developers, with a legacy of almost four decades and a portfolio spanning residential, commercial, retail, hospitality, and integrated townships across major cities. As of September 2025, the Group has delivered 310 projects spanning 202 million square feet and currently has a pipeline of 130 projects across 199 million square feet.