Prestige Estates

Prestige Estates Q1FY27 result: Net profit down 19% at ₹236 crore

Realty firm Prestige Estates Projects Ltd has reported a 19 per cent decline in consolidated net profit at Rs 235.9 crore for June quarter of 2026-27 fiscal year. Its net profit stood at Rs 292.5 crore in the year-ago period. Total income rose to Rs 2,835.6 crore during the quarter from Rs 2,468.7 crore a year ago, according to a regulatory filing on Wednesday. In a separate filing, Prestige Estates said it has entered into a strategic partnership to develop a residential project in Thane. It did not disclose the name of the landowner. The upcoming project is spread across 14.6 acres with development potential of over 5 million square feet. The company expects a total revenue of Rs 6,000 crore from this project. Irfan Razack, Chairman & Managing Director, Prestige Group, said: "This project marks another significant milestone in the company's continued expansion in the Mumbai Metropolitan Region." Thane has emerged as one of the region's most dynamic residential markets, driven b

Prestige Estates Q1 profit drops 19% despite 16% rise in revenue

Higher contractor and land costs weigh on earnings even as revenue, collections and commercial leasing remain strong during the quarter

IDFC First Bank, Prestige Estates can hit new highs, gain over 15%: Analyst

Breakout stocks: IDFC First Bank and Prestige Estates are up over 50% in FY27. The 'Golden Crossover' suggests that these stocks can potentially rally to record highs, says Jatin Gedia of Teji Mandi.

Prestige Q1 pre-sales fall to ₹6,579 crore as sales volume drops 37%

Prestige Estates' residential pre-sales declined on a strong year-ago base, though collections rose 6.2 per cent and Hyderabad contributed nearly half of quarterly sales

Nifty Realty up 3%; Brigade, Phoenix jump 5%; here are top bets by HDFC Sec

The Nifty Realty index recouped its two-day loss on Thursday led by strong gains in Brigade Enterprises, Phoenix Mills, DLF and Godrej Properties.

Realty index up 43% from 2026 low, turns positive YTD; what lies ahead?

The BSE Realty index turned positive on an YTD basis in July, having gained over 43% from its calendar year low. Analysts flag a positive bias in the short-term, but caution over long-term; here's why

Prestige Estates acquires 50% stake in Advent Hotels for ₹504 crore

Realty firm Prestige Estates Projects Ltd has acquired 50 per cent stake in Advent Convention and Hotels International Ltd for Rs 504 crore as parts of its expansion plan. Bengaluru-based Prestige Estates has entered into an investment agreement to acquire 50 per cent stake in Advent Convention and Hotels International Ltd (ACHIL), which is undertaking development of a commercial project in Mumbai, according to a regulatory filing on July 3. Prestige and ACHIL would develop a commercial project on lands admeasuring to 21,978.22 square metre at Andheri East, Mumbai. "The project entails a total leasable area of 1.50 million sq ft and has a gross development value of Rs 4,500 crore," it said. Prestige Estates will infuse an amount of up to Rs 504 crore for the acquisition of the 50 per cent stake in ACHIL, the filing said. Prestige Estates, one of the leading real estate developers in the country, builds housing, commercial (office complexes and shopping malls) and hospitality ...

Prestige Estates to invest ₹15K cr in FY27 in housing, commercial projects

Realty firm Prestige Estates Projects will invest around Rs 15,000 crore this fiscal in the construction of residential and commercial projects across South India, Mumbai Metropolitan Region and Delhi-NCR. Bengaluru-based Prestige Estates is one of the leading real estate developers in the country. It achieved a record sales bookings of Rs 30,024 crore during the 2025-26 fiscal, up 76 per cent from the preceding year. "We will be investing Rs 14,000-15,000 crore this fiscal on construction," Prestige Estates Projects Executive Director Zayd Noaman told PTI. Out of the projected construction spend, he estimated around Rs 9,500-10,000 crore for housing projects and Rs 4,500-5,000 crore for commercial projects, including office complexes and shopping malls. Noaman said the company is focusing a lot on scaling up construction activities to ensure the timely execution of projects. Even during the 2025-26 fiscal, he said, the total construction spend was around Rs 13,500 crore. "Overal

Prestige Group holds ₹65,000 cr unrecognised revenue on pre-sales: Chairman

Realty firm Prestige Estates Projects Ltd has around Rs 65,000 crore of unrecognised revenue in its account, driven by strong sales of its housing properties during the last three financial years. Prestige Estates achieved a record sales bookings of Rs 30,024 crore during the 2025-26 fiscal, up 76 per cent from the preceding year. In an interview with PTI, Prestige Estates Chairman Irfan Razack said, "We have got about Rs 65,000 crore of unrecognised revenue in the book. It is not a small amount". He mentioned that the company follows the completion method for recognition of revenues. This means that revenue gets recognised once the real estate project gets completed. However, Razack said the company is in discussion with auditors to shift towards the percentage of completion method. On the outlook for the current fiscal, the company's chairman was hopeful that sales bookings and new launches would be better than those in 2025-26, as housing demand continues to be good despite glo

Real estate demand moderating, says Anand Rathi; DLF, Oberoi better placed

Anand Rathi attributed the slowdown in the real estate sector to weaker hiring and salary growth, particularly in the IT sector, along with subdued capital market performance over the past two years.

Real estate stocks to buy in FY27: Analysts favour Lodha, DLF, Sobha

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

Pan-Indian expansion a major strategic focus for top listed developers

Listed developers' FY26 pre-sales rise 18% YoY to ₹1.48 trillion, driven by multi-city expansion

Prestige Estates Q4 result: Net profit jumps 10-fold to ₹250 crore

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.

Stocks to Watch today: TCS, Wipro, JSW Steel, HDFC Life, BSE, Tata Steel

Stocks to Watch today, April 10, 2026: TCS, Wipro, Tata Steel, HDFC Life Insurance, and Prestige Estates are some of the key stocks to watch today

Prestige Estates FY26 pre-sales rise 76% to hit record ₹30,024 crore

Realty firm Prestige Estates Projects Ltd's pre-sales rose 10 per cent to Rs 7,697 crore in the fourth quarter of the last fiscal on better demand for its housing properties. According to its latest operational update, the company's pre-sales or sales bookings stood at a record Rs 30,024 crore in the 2025-26 fiscal, up 76 per cent from the preceding year. Irfan Razack, Chairman and Managing Director, said the company has closed FY26 on a strong note, with steady sales momentum through the last financial year and a good finish in the fourth quarter. "Demand across our key markets has remained encouraging, and our focus on quality, location, and timely execution continues to resonate well with customers," he said. Razack said the company has a robust pipeline of upcoming launches across geographies and hence optimistic about sustaining this momentum during the current fiscal. Prestige Estates said the sales momentum remained consistent across both new launches and ongoing inventory,

Nifty Realty down 5%; Lodha, DLF, Prestige Estates fall up to 6%: Check why

The Nifty Realty index tanked over 34 points or 4.8 per cent to the day's low at 662.85

Geojit upgrades Prestige Estates to Buy on solid pre-sales; sees 28% upside

Prestige Estates Projects (PEPL) is one of the leading real estate developers in India in terms of booking value

Nifty Realty at over 2-year low; Relief rally on cards? Analysts top 3 bets

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.

Nomura bets big on realty; Prestige Estates, Lodha, ABREL, Oberoi top picks

According to Nomura, the latest trends indicate that India's real estate sector is in a mature phase rather than entering a slowdown

Why did Prestige Estates' share price rise 3% in trade today? Details here

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.