Prestige Estates reported record pre-sales of Rs 30,024 crore in FY26, registering a sharp 76% growth compared to the previous year. The strong performance reflects sustained demand across key residential markets and a robust pipeline of project launches.

Key Highlights

• Prestige Estates achieves record ₹30,024 crore pre-sales in FY26, marking strong 76% year-on-year growth.
• Strong demand across major cities drives consistent bookings, boosting India’s residential real estate sector momentum.

The Bengaluru-based developer recorded Rs 7,697 crore in pre-sales during the January–March quarter alone, indicating consistent buyer interest across both newly launched projects and existing inventory. Major contributions came from cities including Bengaluru, the National Capital Region (NCR), Mumbai, Hyderabad, and Chennai.

Commenting on the performance, Chairman and Managing Director Irfan Razack said, “Demand across our key markets has remained encouraging, and our focus on quality, location, and timely execution continues to resonate well with customers. With a robust pipeline of upcoming launches across geographies, we are optimistic about sustaining this momentum.”

The strong FY26 performance of marks a significant turnaround for Prestige Estates, which had missed its FY25 sales guidance due to delays in project approvals. In FY25, the company had reported bookings of Rs 17,023 crore, falling short of its Rs 24,000 crore target.

Also Read: Skoda Auto India Q1 2026 Records Highest-Ever Quarterly Sales

Real Estate Sector Shows Resilient Growth Momentum

India’s leading real estate developers, including Godrej Properties Ltd, DLF Ltd, Lodha Developers Ltd, and Prestige Estates, are collectively targeting over Rs 1 trillion in residential sales in FY26, signaling one of the strongest years for the sector.

However, challenges remain. Lodha Developers reported missing its FY26 pre-sales guidance due to global geopolitical disruptions, although it still posted growth in bookings year-on-year.

According to CRISIL Ratings, the residential real estate sector is now entering a phase of calibrated growth after witnessing a strong post-pandemic recovery, with a CAGR of around 26% between FY22 and FY25.

Housing Demand Moderates Amid Supply and Cost Pressures

Despite strong annual sales performance by developers, recent data indicates some moderation in housing demand. Home sales across India’s top cities declined by 13% year-on-year to 98,761 units in Q1 2026, according to PropEquity.

The sector continues to face challenges such as rising construction costs, labour shortages, and global uncertainties impacting supply chains. However, steady collections and controlled debt levels are supporting the financial health of major developers.