Operational Performance - Residential Business

  • Recorded pre-sales of ₹65,793 million during Q1 FY27
  • Achieved sales volume of 6.04 million square feet
  • Sold 3,337 residential units
  • Collections remained robust at ₹48,022 million
  • Average realization for apartments: ₹11,193 per square foot
  • Average realization for plotted developments: ₹8,043 per square foot

Geographical Distribution of Residential Sales

  • Hyderabad: 49% of total sales (largest contributor)
  • Bengaluru: 27% of total sales
  • Mumbai: 12% of total sales
  • NCR: 7% of total sales
  • Other markets: 5% of total sales

Project Launches (Q1 FY27)

The company launched four projects with combined developable area of 20.16 million square feet and Gross Development Value (GDV) of approximately ₹120,000 million for residential projects:

1. Prestige Golden Grove - Hyderabad - Residential (plotted development)

2. Prestige Gardenia Estates Phase II - Bengaluru - Residential development

3. Prestige Forest Hills @ TPC Mulund Phase 2 - Mumbai - Residential

4. Prestige Century Landmark - Bengaluru - Commercial

Project Completions (Q1 FY27)

The company completed three projects with total developable area of 4.37 million square feet:

1. Prestige Tech Forest - Bengaluru - Commercial - 3.64 million sq ft

2. Prestige Sanctuary - Bengaluru - Residential - 0.43 million sq ft

3. Prestige Cityscape - Kochi - Residential - 0.30 million sq ft

Commercial Portfolio Performance

  • Gross leasing of 1.5 million square feet during the quarter
  • Exit rentals for commercial portfolio as of June 2026: ₹7,560 million

Retail Portfolio Performance

  • Gross turnover (GTO) across malls: ₹7,370 million
  • Year-on-year growth: 18%
  • Footfalls: 5.2 million during the quarter
  • Exit rentals for retail portfolio as of June 2026: ₹2,776 million

Hospitality Business Performance

  • Delivered healthy operating performance with competitive average room rates (ARRs)
  • Achieved strong occupancy levels
  • Performance supported by continued growth in business and leisure travel demand

Management Commentary

Mr. Irfan Razack, Chairman and Managing Director, commented: "We are pleased with the strong start to FY27, led by the excellent response to Prestige Golden Grove in Hyderabad. Looking ahead, we have an exciting lineup of marquee launches across Mumbai, NCR, Bengaluru and Chennai during the festive season, which we believe will further strengthen our growth momentum. Supported by healthy collections and resilient performance across our annuity businesses, we remain confident of delivering a stellar performance for the year."

Company Background

Prestige Group is one of India's leading and most diversified real estate developers with a legacy spanning over four decades. Portfolio includes residential, commercial, retail, hospitality, and integrated township projects across major cities. As of March 2026, the Group has delivered 316 projects spanning 212 million sqft and currently has a pipeline of 135 projects across 227 million sqft.

Financial Impact

Operational performance metrics disclosed but specific financial impact on income statement or balance sheet not quantified in this operational update.