Prestige Estates H1 FY27 Pre-sales ₹1,38,043 Cr; ₹4,00,000 Cr Launch Pipeline
Prestige Estates reported H1 FY27 pre-sales of ₹1,38,043 million (₹13,804.3 crore). The company has a pipeline of ₹4,00,000 million (₹40,000 crore) for the next two quarters. CPP Investments invested ₹30,000 million (₹3,000 crore) for a ~27% stake in Prestige Hospitality Ventures.
The substantial pre-sales, large future launch pipeline, and significant strategic investment from CPP Investments are material events that are expected to have a significant impact on the company's future growth and financial performance.
The company reported strong pre-sales figures, a substantial launch pipeline, and a significant strategic investment in its hospitality arm, indicating positive operational and financial momentum.
Prestige Estates Projects Limited announced its operational performance for the quarter and half-year ended September 30, 2026. The company sustained healthy momentum across all business verticals: Residential, Commercial, Retail, and Hospitality.
During Q2 FY27, Prestige launched 9 projects with a developable area of 10.09 million sq. ft., bringing the H1 FY27 total to 30.25 million sq. ft. Completions for the quarter stood at 5.07 million sq. ft., totaling 9.44 million sq. ft. for H1 FY27.
The residential business recorded H1 FY27 pre-sales of ₹1,38,043 million (₹13,804.3 crore), with sales volume of 11.88 million sq. ft. and 7,247 units sold. Bengaluru led sales with 41%, followed by Hyderabad (32%). Average realization for the half-year was ₹11,618 per sq. ft. Collections for H1 FY27 were ₹1,00,963 million (₹10,096.3 crore). Three residential projects were launched in Q2 FY27 with a GDV of approximately ₹40,200 million (₹4,020 crore), and 23 residential projects were launched in H1 FY27 with a GDV over ₹1,62,000 million (₹16,200 crore). The company also completed three residential projects totaling 4.27 million sq. ft. during the quarter.
The commercial portfolio saw gross leasing of 1.7 million sq. ft. in H1 FY27, with exit rentals at ₹8,434 million (₹843.4 crore) as of September 2026. Three commercial projects spanning 2.02 million sq. ft. commenced construction in Q2 FY27, and one project of 0.8 million sq. ft. was completed.
The retail portfolio achieved a gross turnover of ₹7,210 million (₹721 crore) in Q2 FY27, a 10% year-on-year growth, with 5.2 million footfalls and 99% occupancy. Exit rentals stood at ₹2,776 million (₹277.6 crore). One retail project of 1.39 million sq. ft. commenced construction.
The hospitality business reported a 70% occupancy and an Average Room Rate (ARR) of ₹15,143 in H1 FY27. Two hotel projects adding 313 keys across 0.77 million sq. ft. commenced construction. Notably, CPP Investments made a strategic investment of ₹30,000 million (₹3,000 crore) for a ~27% stake in Prestige Hospitality Ventures Limited to support expansion.
Mr. Irfan Razack, Chairman and Managing Director, highlighted the strong performance across verticals and the encouraging response to new launches. He noted a substantial launch pipeline of over ₹4,00,000 million (₹40,000 crore) planned for the next two quarters and emphasized the strategic partnership with CPP Investments for the hospitality business's next phase of growth.
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