Analysts expect Indian real estate growth to slow in FY27, but see opportunities in Lodha, Sobha, Mahindra Lifespace, DLF and Prestige Estates amid healthy demand for project launches
Prestige Estates Projects Ltd has posted a 10-fold jump in consolidated net profit to Rs 250.1 crore for the quarter ended March 31, 2026. Its net profit stood at Rs 25 crore in the year-ago period, driven by higher income. Total income also more than doubled to Rs 4,143.5 crore during the January-March period of 2025-26 fiscal from Rs 1,589.3 crore in the corresponding period of the preceding year, according to a regulatory filing on Thursday. During the 2025-26 fiscal year, the company's net profit jumped over two times to Rs 1,195.5 crore from Rs 467.5 crore in the preceding year. Total income rose to Rs 13,195.5 crore last fiscal from Rs 7,735.5 crore during 2024-25. Bengaluru-based Prestige Estates Projects Ltd is one of the leading real estate developers in the country.
Sobha, Godrej Properties, Phoenix, Anant Raj, Lodha Developers, Oberoi Realty and Aditya Birla Real Estate were up between 3 per cent and 4 per cent on the NSE in Tuesday's intra-day trade.
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Land prices remain key factor
The Nifty Realty index tanked over 34 points or 4.8 per cent to the day's low at 662.85
Prestige Estates Projects (PEPL) is one of the leading real estate developers in India in terms of booking value
Nifty Realty Index: Hitesh Tailor, technical analyst at Choice Broking expects Sobha, Oberoi Realty and Prestige Estates to bounce back amid signs of positive divergence on the RSI indicator.
According to Nomura, the latest trends indicate that India's real estate sector is in a mature phase rather than entering a slowdown
Nifty Realty index correction: The fall in real estate stocks comes after two years of rally that saw the Nifty Realty index climb 34.39 per cent in 2024 and 81.34 per cent in 2023
Prestige Estates shares rose after the company's announcement of record-breaking operational results for Q3 and 9MFY26, coupled with launch of a new premium residential project in Bengaluru.
Realty firm Prestige Estates Projects Ltd has reported a 39 per cent increase in its sales bookings to Rs 4183.6 crore in the third quarter of this financial year on better demand for its housing properties. In a regulatory filing late Wednesday, the Bengaluru-based company informed that the company's sales bookings or pre-sales jumped over two times to Rs 22,327.3 crore during the first nine months of this fiscal year. Irfan Razack, Chairman & Managing Director, Prestige Estates Projects Ltd, said, "The record-breaking performance delivered in the first nine months of FY26 is a strong validation of the demand environment for our portfolio and the strength of our execution platform." "Achieving our highest-ever sales and collections, surpassing even previous full-year peaks within just nine months, reflects the trust customers continue to place in the Prestige brand and the consistency of our market positioning," he added. Sales volume stood at 2.99 million sq ft in the third ...
Realty firm Prestige Estates Projects Ltd's joint venture firm has agreed to purchase a 16.38-acre land at Padi in Chennai for Rs 561 crore to build a real estate project. Sundaram-Clayton Ltd is the seller of this land parcel. Canopy Living LLP, a joint venture between Prestige Estates Projects Ltd and Arihant Foundations & Housing Ltd, has signed an agreement for the purchase of a land parcel measuring 16.381 acres located at Padi, Chennai, according to a regulatory filing on January 8. This acquisition is aligned with Prestige Group's strategy of strengthening its presence in high-quality urban locations. Separately, Sundaram-Clayton Ltd informed the exchanges that it has executed an Agreement to Sell on January 8 with Canopy Living LLP for the sale of its land admeasuring 16.381 acres situated at Korattur village, Ambattur Taluk, Chennai district, Tamil Nadu. "Advance of Rs 25 crores received, and the balance consideration of Rs 535.67 crores to be received on execution of the
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Nomura highlights that developers are on track for a third consecutive quarter of steady sales momentum, driven largely by sustained interest in branded residential offerings.
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Prestige Estates shares rose 2 per cent after the company's subsidiaries, Prestige Falcon Realty and Prestige Projects, acquired a partnership interest worth ₹938.75 crore in Bharatnagar Buildcon
According to Shrikant Chouhan of Kotak Securities, Prestige remains well placed to benefit from sectoral tailwinds, and ITC continues to position itself as a future-ready Indian conglomerate
In the past one month, the realty index has tanked 8 per cent, as against 2 per cent rise in the Nifty 50.