Prestige Estates Projects Ltd(PRESTIGE)

NSE: PRESTIGEBSE: 533274

₹ 1,400-1.48%refreshed 23 Oct, 03:59 pm ISTMarket cap: ₹ 60,302 crWebsite: www.prestigeconstructions.comUpdated: 24 Oct 2026

About

Prestige Estates Projects Ltd is a Bengaluru-headquartered real estate developer operating across residential, commercial office, retail mall and hospitality segments in India. The company is present across 13 cities in India, with about 151 Mn sq ft of residential area under construction and planning as of FY25. It reported FY26 revenue of 12685.4 and holds an unrecognised residential revenue backlog of ₹65,935 Cr as of Q4 FY26.^[1][2][3]

Pre-sales and collections

H1 FY27 pre-sales were ₹1,38,043 million, up 20% YoY, on 11.88 million sq ft sold.^[4]
Q2 FY27 residential pre-sales were ₹72,250 million on 5.84 million sq ft; H1 FY27 residential average realisation was ₹11,618 per sq ft.^[4]
FY26 full-year residential pre-sales reached ₹30,025 Cr (+76% YoY) on area sold of 22.28 mn sft (+77% YoY), the company's highest-ever annual figure.^[1]
Q1 FY27 residential pre-sales were ₹6,579 Cr (6.04 mn sft) with Hyderabad contributing 49%, Bangalore 27%, Mumbai 12% and NCR 7%.^[5]
Q1 FY27 average apartment realisation was ₹11,193/sft, diluted by Hyderabad's lower price band; FY26 full-year average was ₹14,470/sft.^[5]
Unrecognised residential revenue backlog stood at ₹65,935 Cr as of Q4 FY26, to be recognised over 4 - 5 years under the completion method.^[1]

Commercial office portfolio

FY26 office portfolio gross leasing was 4.47 mn sft at 92%+ occupancy; GCC occupiers account for 56% of the tenant mix.^[1]
Q1 FY27 gross office leasing was 1.5 mn sft; FY27 commercial exit rentals are guided at ₹865 Cr.^[5]
Prestige JRC Signature Tower was fully pre-leased to a leading banking institution in Q1 FY27; handover committed for the June quarter FY28.^[5]
BKC 101 has firm pre-lease commitments for 1.4 mn sft; Prestige Mahalaxmi (Turf Tower) has ~400,000 sft pre-committed; both targeted for FY28 - FY29 full rental contribution.^[6]

Retail mall portfolio

FY26 retail portfolio occupancy was 99%+; full-year gross turnover was ₹25,671 mn (+13% YoY) with annual footfalls of 19.1 mn.^[1]
Q1 FY27 retail gross turnover grew 18% YoY to ₹7,370 mn with footfalls of 5.2 mn; FY27 retail exit rentals stand at ₹2,776 mn.^[5]
Retail exit rentals (Prestige share) are projected to grow from ₹2,754 mn in FY26 to ₹11,758 mn by FY30 with 14 malls in the pipeline.^[6]

Hospitality and services

Hospitality portfolio spans convention centre hotels, business hotels, serviced residences and golf resorts in luxury, upper upscale and upper midscale segments, run with global brands (FY25).^[2]
Hospitality delivered ₹1,050 Cr revenue and ~₹440 Cr hotel-level EBITDA in FY26; Q1 FY27 hospitality revenue was ₹300 Cr at ~41% EBITDA margin.^[1]
Property management covers about 103 Mn sq ft; Morph is the in-house interiors, furniture and doors studio and K2K Infra the in-house contracting arm (FY25).^[2]

Launch pipeline and land bank

Launch pipeline for H2 FY27 is ₹4,00,000 million across residential, commercial, retail and hospitality.^[4]
FY27 total residential launch pipeline is ~₹57,000 - 58,000 Cr GDV; ~₹45,000 Cr GDV was still to be launched as of Q1 FY27.^[5]
FY26 business development added projects with GDV over ₹50,000 Cr across 427 acres in Bangalore, Mumbai, NCR, Hyderabad and Chennai.^[1]
Prestige Parklane, Bengaluru was launched in Sep 2026: GDV ₹1,750 Cr, 1.7 mn sft saleable area, 1,788 homes on 11.91 acres.^[7]
Chennai FY27 launch pipeline totals ₹13,000 - 14,000 Cr GDV: Palm Court, Park Street, Falcon City (₹5,000 Cr) and Clover Dale (₹5,000 Cr).^[5]
NCR Q2 FY27 launches include Prestige Bougainvillea Gardens (Noida) and Prestige Meadows Sector 92 Gurugram (₹4,500 Cr GDV, targeting Nov 2026).^[5]

Mumbai and new markets

Mumbai surpassed Bengaluru in quarterly sales for the first time in Q4 FY25; Prestige Nautilus recorded about ₹2,400 Cr of sales within a month of launch.^[2]
Q1 FY27 saw three new JDA acquisitions in Mumbai MMR - Thane (₹9,000 Cr GDV), Borivali and Aram Nagar (Versova).^[5]
Leasehold agreement with BIAL for 14.2 acres near Bengaluru Airport (Q2 FY26) for a convention centre, luxury hotel, retail and office development.^[8]
MoU with the Maharashtra government for data centres targeting ~100 MW; government land acquisition pending and no capital deployed as of Q1 FY27.^[5]
Data-centre structure: Prestige to invest in land and building with a partner investing further, with a build-then-REIT exit model.^[8]

Capital expenditure and debt

FY27 land/business-development spend targeted at ₹4,500 Cr; residential construction spend guided at ₹9,000 - 10,000 Cr a year; non-residential capex at ₹4,000 - 4,500 Cr a year.^[1]
Net debt was ₹11,900 Cr at Q1 FY27 (net D/E 0.69x); management expects net debt to rise by no more than ₹1,000 - 1,500 Cr through FY27.^[5]
FY27 free cash flow guided at ₹8,500 - 9,000 Cr; residential collections guided at ₹25,000 Cr for FY27.^[5]
Remaining commercial capex (Prestige share) stands at ₹1,01,398 mn and retail capex at ₹49,080 mn through FY30.^[6]

Recent developments

CPP Investments committed ₹30 billion (C$441 mn) for a 27% stake in Prestige Hospitality Ventures Limited, announced 29 Sep 2026.^[9]
Prestige Hospitality Ventures Limited withdrew its DRHP from SEBI on 25 Sep 2026, citing strategic considerations and uncertain market conditions.^[10]
Raised ₹5,000 Cr through a QIP in August 2024.^[2]
Holds a CRISIL DA1+ developer grading and an ICRA A+ Stable credit rating (FY25).^[2]

Market Cap

₹60,302 Cr

High / Low

₹1,805 / 1,090

Stock P/E

53.0

Price / Book

3.7

Book Value

₹378

EPS

₹27.8

No. of Shares

43.07 Cr

ROCE

10.4%

ROE

7.5%

OPM

25.1%

Debt / Equity

0.92

Sales

₹12,685 Cr

Net Profit

₹1,305 Cr

Promoter holding

60.9%

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