Prestige Estates Projects has announced exceptional market response for its recently launched residential project "Prestige Golden Grove" in Hyderabad, marking a significant milestone in the company's expansion strategy. The developer reported impressive initial sales performance, demonstrating robust demand in the Hyderabad real estate market.

Project Launch Performance

The company achieved remarkable success with its Prestige Golden Grove project launch, recording substantial customer interest and sales conversion. The project's performance metrics highlight the strong market reception:

Market Response and Customer Interest

The project witnessed over 4,000 customer footfalls, representing among the highest seen for a residential launch in Hyderabad. This exceptional response reflects significant market interest and confidence in well-located residential developments. Within two weeks of launch, the company successfully sold over 1,700 units, translating to total sales value exceeding ₹2,500 crore.

Project Scale and Development Details

Prestige Golden Grove represents one of the largest single-phase developments in Hyderabad, strategically located in Tellapur. The project specifications demonstrate the scale of this residential development:

Management Commentary

Commenting on the response, Mr. Zayd Noaman, Executive Director, Prestige Group, stated: "We are pleased with the response to Prestige Golden Grove, which has been among our larger single-phase launches. The strong footfalls and early sales traction reflect the depth of demand for well-located, well-planned residential communities at the right price points. Hyderabad continues to be an important market for us, supported by infrastructure growth and a strong employment ecosystem."

The project has been conceptualized to offer a blend of modern living, quality construction, and lifestyle amenities aligned with evolving customer preferences, positioning it strategically in the competitive Hyderabad residential market.

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.