Prestige Estates Projects Limited , a prominent player in the Indian real estate sector, has disclosed its latest monitoring agency report for the quarter ended September 30, 2025. The report, verified by ICRA Limited, confirms that there has been no material deviation in the utilization of proceeds from the company's Rs 5000 crore Qualified Institutional Placement (QIP) issued in August-September 2024.

Fund Deployment Aligned with Objectives

The monitoring report highlights that the fund deployment remains in line with the stated objectives of the QIP. These objectives include:

1. Debt repayment
2. Land acquisition
3. Investments in subsidiaries
4. General corporate purposes

Utilization Breakdown

As of September 30, 2025, the utilization of the QIP proceeds can be summarized as follows:

Unutilized Funds

The report indicates that Rs 420.65 crore remains unutilized as of the end of the quarter. These funds have been temporarily invested in fixed deposits with various banks, primarily State Bank of India and ICICI Bank, earning interest rates ranging from 3.05% to 5.25%.

Timely Implementation

Prestige Estates Projects has reported that all objectives are currently on schedule for completion. The company has set the following deadlines for various objectives:

• Repayment of borrowings: March 31, 2025
• Land acquisition and development rights: March 31, 2026
• Investments in Subsidiaries and Joint Ventures: March 31, 2026
• General Corporate Purposes: March 31, 2026

General Corporate Purpose Utilization

The funds allocated for General Corporate Purposes (Rs 1149.17 crore) have been fully utilized. The breakdown of this utilization is as follows:

1. Funding for working capital: Rs 697.91 crore
2. Land acquisition: Rs 148.94 crore
3. Loan Repayment: Rs 224.79 crore
4. Dividend: Rs 77.53 crore

Conclusion

The monitoring agency report provides transparency on the utilization of the QIP proceeds, demonstrating Prestige Estates Projects' commitment to its stated objectives. The absence of any material deviations and the on-schedule implementation of various objectives may be viewed positively by investors and stakeholders. As the real estate sector continues to evolve, the strategic deployment of these funds could play a crucial role in Prestige Estates' future growth and market position.

Prestige Estates Projects Limited , a leading Indian real estate developer, has announced an extensive growth strategy with a robust project pipeline valued at ₹60,000 crore. This ambitious plan encompasses both ongoing and upcoming projects across major metropolitan areas in India.

Expansion Strategy

The company's growth plan includes:

• ₹25,000 crore in ongoing projects
• ₹35,000 crore in upcoming pipeline

Prestige Estates is focusing on expanding its portfolio in key urban centers:

• Bengaluru
• Mumbai
• National Capital Region (NCR)
• Hyderabad

The strategy aims to strengthen both residential and commercial segments in these high-growth markets.

Diversification and Asset Management

In addition to its core real estate development business, Prestige Estates plans to bolster its presence in other sectors:

• Hospitality assets
• Retail assets

The company intends to leverage the Real Estate Investment Trust (REIT) route for these segments, potentially offering new investment opportunities in the market.

Financial Approach

Prestige Estates is adopting a two-pronged financial strategy:

1. Capital recycling
2. Asset-light expansion

These approaches are designed to:

• Boost return on equity
• Enhance cash flow stability

Recent Financial Performance

The LODR data reveals strong financial results for Q2 and H1 FY26:

Operational Highlights

Prestige Estates reported record-breaking operational performance for H1 FY26:

• Sales: ₹181,437.00 million
• Collections: ₹87,356.00 million

Notably, the company surpassed its entire FY25 annual sales within the first six months of FY26, indicating strong demand across its asset classes and geographical presence.

Management Commentary

Irfan Razack, Chairman and Managing Director of Prestige Group, expressed satisfaction with the company's performance: "We are pleased to share yet another period of steady financial and operational performance. The first half of FY26 has been particularly encouraging, with robust sales momentum and strong cash flows underscoring the enduring trust that homebuyers and investors place in the Prestige brand."

Razack also emphasized the company's focus on timely delivery, prudent capital allocation, and expanding its footprint across key growth markets.

As Prestige Estates Projects Limited continues to execute its growth strategy, investors and market watchers will be keenly observing how this expansion impacts the company's financial performance and market position in the coming quarters.