Prestige Estates Reports Record ₹12,126 Crore Sales in Q1 FY25, Driven by Residential Surge

Image Source: The Economic Times

Prestige Estates Projects Ltd has posted its highest-ever quarterly sales, clocking ₹12,126 crore in total bookings for the quarter ended June 30, 2025. The robust performance underscores the company’s strong execution pipeline and continued demand momentum across India’s top real estate markets.

Key Highlights:

Total sales bookings for Q1 FY25 stood at ₹12,126 crore, marking a significant year-on-year growth, driven primarily by residential launches in Bengaluru, Mumbai, and Hyderabad.
The company sold over 6.5 million square feet of space during the quarter, with residential contributing nearly 85% of the total value.
Bengaluru remained the top-performing market, followed by strong traction in Mumbai’s luxury and mid-income segments.
The average realization per square foot improved by 11% YoY, reflecting a favorable product mix and price appreciation in key micro-markets.

Strategic Significance:

The record-breaking quarter positions Prestige Estates as one of India’s fastest-scaling real estate developers, with a strong launch pipeline for the remainder of FY25.
The company’s asset-light joint development model and focus on high-margin residential projects have helped maintain strong cash flows and reduce debt.
Commercial and retail segments also showed resilience, with leasing activity picking up in IT parks and malls across South India.

Outlook: With a robust launch pipeline of over 20 million sq. ft. planned for FY25 and a growing footprint in NCR and Pune, Prestige Estates is well-positioned to sustain its growth trajectory. Analysts expect continued momentum backed by urban housing demand and premium segment expansion.

Sources: NDTV, Business Standard, Moneycontrol, Prestige Estates Investor Presentation.