Prestige Estates Achieves Record-Breaking Q1 FY26 Sales Performance with ₹12,126 Crore in Bookings

Prestige Estates Projects Ltd announced that it achieved its highest-ever quarterly sales bookings, reaching ₹12,126.4 crore in the first quarter of FY26. The company revealed that this figure represented a remarkable fourfold increase compared to ₹3,029.5 crore recorded in the corresponding period of the previous year.

Delhi-NCR Project Dominates Sales Performance

Industry analysts noted that the record-breaking performance was primarily attributed to the exceptional market response to the company's newly launched residential project, The Prestige City, Indirapuram, located in the Delhi-NCR real estate market. Sources confirmed that this single project contributed nearly 59% of the total bookings for the quarter.

Real estate experts observed that approximately 80% of the inventory in the NCR project was sold during the launch phase, demonstrating strong customer demand and growing brand trust in the northern market. This performance reflects the broader trend of investment opportunities in Delhi-NCR gaining momentum among homebuyers.

Sales Volume and Pricing Strategy Details

Company reports indicated that during Q1, they sold 4,718 units covering 9.55 million square feet of space, marking a 234% increase year-on-year. The management disclosed that the average price realization stood at ₹13,339 per sq ft for apartments and ₹7,343 per sq ft for plotted developments, highlighting the company's premium pricing strategy and sustained buyer interest.

Regional Sales Distribution Analysis

The company's sales breakdown across different regions revealed the following distribution pattern:

• Delhi-NCR: 59% of total sales
• Bengaluru: 21% contribution
• Mumbai: 12% market share
• Hyderabad: 5% regional contribution
• Other cities: 3% collective share

This distribution pattern aligns with current trends in India's top real estate hotspots, where metro cities continue to drive maximum sales volumes.

Project Launches and Completions

The company announced that it launched four new residential projects during the quarter, adding 14.94 million sq ft to its portfolio. Additionally, management confirmed that five housing projects comprising 5.45 million sq ft were completed during the same period.

Ambitious Growth Targets Set for FY26

Looking ahead, Prestige Estates management revealed that they have set a bold target of ₹27,000 crore in sales bookings for FY26, representing a 59% jump from the previous year. Industry observers noted that this aggressive goal reflects the company's confidence in its expanding footprint and growing demand across major metropolitan markets.

The company's performance comes at a time when Mumbai real estate market and other metro cities are experiencing significant growth, with developers focusing on premium projects to meet evolving buyer preferences.