Prestige Estates Projects Ltd Share Price – NSE  / BSE

Realty, Small Cap

Prestige Estates Projects announced a strong response to its recently launched residential project, Prestige Golden Grove, in Hyderabad, underscoring sustained homebuyer demand in the market. The project, one of the largest single-phase developments in Hyderabad, witnessed over 4,000 customer footfalls, among the highest seen for a residential launch in the city, highlighting significant market interest.

Within two weeks of launch, the Company achieved sales of over 1,700 units, translating to a total sales value exceeding Rs 2,500 crore, reflecting robust early traction. The encouraging response reflects continued customer interest and confidence in well-located, thoughtfully designed residential developments.

Strategically located in Tellapur, Prestige Golden Grove is a large-scale residential development spread across ~29 acres, comprising approximately 5,120 units across 10 towers, with a total estimated gross development value (GDV) of ~Rs 9,500 crore. The project has been conceptualised to offer a blend of modern living, quality construction, and lifestyle amenities aligned with evolving customer preferences.

The project, one of the largest single-phase developments in Hyderabad, witnessed over 4,000 customer footfalls, among the highest seen for a residential launch in the city.

Within two weeks of launch, the company achieved sales of over 1,700 units, translating to a total sales value exceeding Rs 2,500 crore.

Located in Tellapur, Prestige Golden Grove is a large-scale residential development spread across nearly 29 acres, comprising approximately 5,120 units across 10 towers, with a total estimated gross development value (GDV) of approximately Rs 9,500 crore.

Zayd Noaman, executive director, Prestige Group, said: We are pleased with the response to Prestige Golden Grove, which has been among our larger single-phase launches.

The strong footfalls and early sales traction reflect the depth of demand for well-located, well-planned residential communities at the right price points.?

Prestige Group has a diversified real estate portfolio spanning residential, commercial, retail, hospitality, and integrated townships. As of December 2025, the group has delivered 313 projects covering 206 million square feet and has a pipeline of 128 projects spanning 195 million square feet.

The company's consolidated net profit surged over twelve-fold to Rs 222.6 crore in Q3 FY26, from Rs 17.7 crore recorded in Q3 FY25. Revenue from operations soared 134.06% YoY to Rs 3872.6 crore in Q3 FY26.

The development will be undertaken via Aaramnagar Realty LLP, which holds development rights for a land parcel in Versova. The project spans around 6 acres and has a total development potential of approximately 1.7 million square feet (RERA area), with an estimated gross development value of over Rs 9,000 crore.

The proposed project is planned as a premium residential development, targeting rising demand in Mumbai?s western suburbs. Versova remains a key micro-market due to its strong social infrastructure, connectivity, and proximity to major commercial hubs.

The company said the move aligns with its strategy to expand in high-demand, supply-constrained urban markets. Mumbai continues to be a focus geography for Prestige as it looks to strengthen its presence in established residential clusters.

Prestige Group has a diversified real estate portfolio spanning residential, commercial, retail, hospitality, and integrated townships. As of December 2025, the group has delivered 313 projects covering 206 million square feet and has a pipeline of 128 projects spanning 195 million square feet.

The company's consolidated net profit surged over twelve-fold to Rs 222.6 crore in Q3 FY26, from Rs 17.7 crore recorded in Q3 FY25. Revenue from operations soared 134.06% YoY to Rs 3872.6 crore in Q3 FY26.

On annual basis, the company?s pre-sales surged 76% YoY to Rs 30,024 crore in FY26.

The company witnessed sustained traction across its key markets during the year, driven by steady demand for well-located, high-quality developments. Sales momentum remained consistent across both new launches and ongoing inventory, reflecting resilient end-user demand.

The realtor said that performance during the year was underpinned by healthy contributions from geographies including Bengaluru, NCR, Mumbai, Hyderabad, and Chennai. FY26 also marks the first time the company has crossed Rs 30,000 crore in annual pre-sales, reflecting the scale and depth of its operations across markets.

Irfan Razack, chairman and managing director, said: ?We are happy to close FY26 on a strong note, with steady sales momentum through the 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. With a robust pipeline of upcoming launches across geographies, we are optimistic about sustaining this momentum in the coming year.?

Prestige Group is a diversified real estate developers, with a portfolio spanning residential, commercial, retail, hospitality, and integrated townships across major cities. As at December 2025, the Group has delivered 313 projects spanning 206 mn sft and currently has a pipeline of 128 projects across 195 mn sft.

The company?s consolidated net profit surged over twelve-fold to Rs 222.6 crore in Q3 FY26, from Rs 17.7 crore recorded in Q3 FY25. Revenue from operations soared 134.06% YoY to Rs 3872.6 crore in Q3 FY26.