Prestige Estates sales bookings jump 4-times to record Rs 12,126 cr; NCR contributes 59pc

Bengaluru, Jul 9 (PTI) Realty firm Prestige Estates Projects Ltd on Wednesday reported a 4-fold jump in its sales bookings to Rs 12,126.4 crore in the first quarter of this fiscal, mainly on strong demand for its housing project in Ghaziabad.

The company's sales bookings or pre-sales stood at Rs 3,029.5 crore in the year-ago period.

In a regulatory filing, the Bengaluru-based company informed that it has clocked an all-time high sales bookings of Rs 12,126.4 crore during the quarter ended June 30, 2025, driven by the Delhi-NCR market, which contributed 59 per cent to total pre-sales.

Prestige Estates has set a target to sell properties worth Rs 27,000 crore this fiscal, an increase of 59 per cent from the previous year.

The company's sales bookings declined 19 per cent annually to Rs 17,023 crore in the 2024-25 fiscal year on delays in regulatory approvals to launch its projects.

Prestige Group Chairman and Managing Director Irfan Razack highlighted that the April-June quarter has been a milestone quarter, with significant progress across multiple fronts.

"We made a strong entry into the Delhi-NCR market with the launch of The Prestige City, Indirapuram, which received an exceptional response with about 80 per cent of the inventory sold at launch - a clear reflection of customer confidence and our growing brand equity in North India," he added.

The Delhi-NCR project played a key role in delivering its highest-ever quarterly sales, Razack said.

Elaborating on the operational performance during the first quarter of this fiscal, the company said it sold 4,718 units with a sales volume of 9.55 million square feet.

The average price realisation stood at Rs 13,339 per square feet for apartments, while plotted developments fetched Rs 7,343 per square feet.

Out of the total pre-sales, the Delhi-NCR region contributed 59 per cent, followed by Bengaluru at 21 per cent, Mumbai at 12 per cent and Hyderabad at 5 per cent Prestige Estates launched four residential projects in the April-June quarter totalling 14.94 million square feet. The company completed five housing projects covering 5.45 million square feet area.

As of March 2025, the group has delivered 302 projects spanning 193 million sq ft and currently has a pipeline of 130 projects across 203 million square feet. PTI MJH MJH SHW