Prestige Estates Projects Limited announced its operational performance for Q2 FY27 and H1 FY27 ended September 30, 2026. The company sustained healthy momentum across all business verticals including Residential, Commercial, Retail, Hospitality and Property Management.

Operational Highlights - Residential

  • Q2 FY27 Pre-sales: ₹72,250 million (up 20% year-on-year)
  • Q2 FY27 Sales volume: 5.84 million square feet
  • Q2 FY27 Units sold: 3,910
  • H1 FY27 Pre-sales: ₹1,38,043 million
  • H1 FY27 Sales volume: 11.88 million square feet
  • H1 FY27 Units sold: 7,247
  • Geographical distribution: Bengaluru (41%), Hyderabad (32%), Mumbai (12%), Chennai (8%), other markets (7%)
  • Q2 average realization: ₹12,375 per square foot
  • H1 average realization: ₹11,618 per square foot
  • Q2 collections: ₹52,941 million
  • H1 collections: ₹1,00,963 million

Project Launches and Completions

Overall H1 Performance:

  • Total launches/commencements: 30.25 million square feet across 9 projects
  • Total completions: 9.44 million square feet

Q2 Residential Launches (3 projects, 5.91 million sq ft, GDV ₹40,200 million):

1. Prestige Palm Court, Chennai - 1.99 million sq ft

2. Garden Breeze @ TPC, Bengaluru - 1.23 million sq ft

3. Prestige Parklane, Bengaluru - 2.69 million sq ft

H1 Residential Launches: 23.14 million square feet with GDV over ₹1,62,000 million

Q2 Residential Completions (3 projects, 4.27 million sq ft):

1. Meridian Park Phase II @ TPC, Bengaluru - 2.34 million sq ft

2. Meridian Park Phase III @ TPC, Bengaluru - 1.81 million sq ft

3. Prestige Dew Drops, Bengaluru - 0.12 million sq ft

H1 Residential Completions: 5.00 million square feet

Commercial Segment

  • H1 gross leasing: 1.7 million square feet
  • Exit Rentals as of September 2026: ₹8,434 million
  • Q2 construction commenced (3 projects, 2.02 million sq ft):

1. Prestige One West, Chennai - 1.25 million sq ft

2. OMR Commercial, Chennai - 0.31 million sq ft

3. Prestige Vantage Point, Kochi - 0.46 million sq ft

  • Q2 completions (1 project, 0.80 million sq ft):

1. Prestige Trade Center, NCR - 0.80 million sq ft

Retail Segment

  • Q2 gross turnover (GTO): ₹7,210 million (10% year-on-year growth)
  • Q2 footfalls: 5.2 million
  • Occupancy as at September end: 99%
  • Exit Rentals as of September 2026: ₹2,776 million
  • Q2 construction commenced (1 project, 1.39 million sq ft):

1. Forum One OMR, Chennai - 1.39 million sq ft

Hospitality Segment

  • H1 occupancy: 70%
  • H1 average room rates (ARRs): ₹15,143
  • Q2 construction commenced (2 projects, 313 keys, 0.77 million sq ft):

1. JW Marriott Plantation Estate, Navilahalli, Sakleshpur - 160 keys, 0.45 million sq ft

2. Moxy One OMR, Chennai - 153 keys, 0.32 million sq ft

Strategic Investment

  • CPP Investments committed ₹30,000 million investment in Prestige Hospitality Ventures Limited
  • Investment for approximately 27% stake
  • Purpose: Support expansion of hospitality business including development of planned portfolio and pursuit of future growth opportunities

Management Commentary

Mr. Irfan Razack, Chairman and Managing Director, commented on the strong performance across all business verticals and the diversity of the portfolio. He noted healthy demand in residential business with good response to new launches and strong sustenance sales. The company has a substantial launch pipeline of over ₹4,00,000 million planned for H2 FY27 across Bengaluru, Mumbai, NCR, Chennai and Hyderabad.

Company Background

As of June 2026, Prestige Group has delivered 319 projects spanning 216 million sq ft and currently has a pipeline of 137 projects across 229 million sq ft.