Prestige Estates Q2 sales rise 50% to ₹6,017 crore, collections up 55%

Prestige Estates Projects Ltd reported robust performance in the September quarter, with sales surging 50% year-on-year to ₹6,017 crore and collections rising 55% to ₹4,212 crore. Sales volume grew 47% to 44.2 lakh square feet, while average realisation improved 8% to ₹14,906 per square foot.

The company launched 38.7 lakh square feet of developable area in Q2 FY26, with a gross development value (GDV) of ₹3,967 crore. This took total launches in the first half of FY26 to 1.88 crore square feet, with a GDV of ₹17,592 crore.

During H1 FY26, total completions stood at 79.9 lakh square feet.

In the office segment, gross leasing during Q2 was 23 lakh square feet, with portfolio occupancy at 93.4%. FY26 exit rentals are projected at ₹820 crore. In retail, gross turnover rose 9% year-on-year to ₹624 crore, while footfalls touched 4.8 million during the quarter and occupancy remained high at 99%.

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“We are delighted to report an outstanding first half, marked by record sales and strong collections,” said Irfan Razack, Chairman and Managing Director, Prestige Group. “Our projects across Bengaluru, NCR, and Mumbai have all delivered exceptionally well,” he added, highlighting the success of Prestige Nautilus in Mumbai and The Prestige City Indirapuram in NCR.

Shares of Prestige Estates Projects closed 1.54% lower at ₹1,507.10 on the NSE ahead of the update.