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Prestige Estates Projects Ltd. reported a four-fold jump in sales bookings, reaching a record INR 12,126.4 crore in Q1 FY26, compared to INR 3,029.5 crore a year ago. The company sold 4,718 units, covering 9.55 million sq ft, a 234% annual increase. This record performance was largely driven by its new project in Ghaziabad, The Prestige City, Indirapuram, which sold about 80% of its inventory at launch. The Bengaluru-based firm aims to maintain this momentum, building on its pipeline of 130 projects spanning 203 million sq ft.
Realty firm Prestige Estates Projects Ltd. has recently reported a significant increase in its sales bookings, reaching a record high for the first quarter of the current fiscal year. Operating from Bengaluru, with projects across India, the company saw its figures rise, driven primarily by strong demand for properties, achieving a substantial jump in pre-sales. Advertisement
Prestige Estates Projects Ltd. recorded pre-sales of INR 12,126.4 crore in the quarter ended June 30, 2025 (Q1 FY26). This represents a 300% growth compared to INR 3,029.5 crore in the same period last year. The company sold 4,718 units, translating to a sales volume of 9.55 million square feet, which is up 234% year-on-year.
The average price realization was INR 13,339 per square foot for apartments and INR 7,343 per square foot for plotted developments. The company stated this was its "highest-ever quarterly real estate sales value."
Irfan Razack, Chairman and Managing Director of Prestige Group, stated that the April-June quarter was a milestone for Prestige. He added that the new project, The Prestige City, Indirapuram, in Ghaziabad, played a key role in achieving these sales. This project received a strong response, with about 80% of the inventory sold at launch.
He also stated that this reflected customer confidence and the brand's growing presence in North India. As of March 2025, the group has delivered 302 projects spanning 193 million square feet. It currently has a pipeline of 130 projects across 203 million square feet. Record sales bookings by real estate developers are indicators of strong housing market demand and buyer confidence.
Source- PTI
5th Jun, 2025
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