Prestige Estates Projects continues to demonstrate strong performance across its diversified real estate portfolio, with Chairman and Managing Director Irfan Razack expressing confidence about sustained demand across key markets. The Bengaluru-headquartered developer maintains operations in South India, Mumbai and NCR, reporting no meaningful stress in demand across any geography.

Strong Market Performance Across Regions

The company's performance metrics reflect robust market positioning across different regions:

Razack emphasized that market success depends on offering appropriate products at suitable locations with sensible pricing. "Business is there if you have the right product at the right location and at the right pricing," he noted, cautioning that overpricing can negatively impact sales velocity.

Exceptional Office Portfolio Performance

The commercial real estate segment demonstrates particularly strong fundamentals with impressive occupancy metrics:

Management believes office demand and rental rates remain healthy, supporting continued expansion plans. Razack indicated optimism about future prospects, stating "The office market is pretty strong… better times are still to come."

REIT Launch Strategy and Timeline

Prestige Group has outlined clear parameters for its planned Real Estate Investment Trust launch:

The company plans to explore REIT monetization only after achieving adequate scale, targeting approximately 45 million square feet of completed and fully leased office assets by FY28-29.

Hospitality Business IPO Preparations

While the group has completed preparations for a hospitality business Initial Public Offering, management emphasizes a patient approach to market timing. The company prioritizes optimal market conditions and appropriate valuations over rushed execution, preferring to wait for suitable opportunities rather than underselling the business.

Market Outlook and Strategic Focus

Prestige Group's diversified approach across multiple high-growth markets positions the company to capitalize on sustained real estate demand. The combination of strong office portfolio performance, strategic REIT planning, and prepared hospitality monetization reflects comprehensive growth planning across different real estate segments.

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.