Prestige Estates Projects Ltd Share Price – NSE /  BSE

Realty, Small Cap

Prestige Group has announced a phenomenal response to its first residential launch in the NCR region, The Prestige City, Indirapuram, achieving sales of over Rs 3,000 crore across 1,200 units within a week of its launch.

Spread across 62.5 acres in Indirapuram Extension on National Highway 24, The Prestige City, Indirapuram offers a world-class integrated living experience. The current launch covered two residential phases, Oakwood and Mulberry, featuring a total of 3,421 homes across 19 towers. An upcoming residential phase, Mayflower, will further expand the community, offering even more curated living options for discerning homebuyers. The development will also house a Forum Mall spanning 1.18 million square feet, bringing vibrant retail and entertainment experiences to the heart of the township.

Speaking on the achievement, Irfan Razack, Chairman and Managing Director, Prestige Group, said: We are delighted with the overwhelming response to our first residential project in NCR. It is a proud moment for Prestige Group, and a strong validation of the trust that homebuyers place in us. We look forward to launching many more landmark projects across NCR and continuing to build on this momentum. The year ahead is particularly exciting for us, with significant launches planned across Bengaluru, Chennai, Goa, NCR, Mumbai, and Hyderabad.

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Sales volume for the period under review stood at 4.49 million square feet, a 9% increase YoY, reflecting healthy absorption. The company sold 2,301 units in Q4 FY25.

The average realization for apartments, villas, and commercial properties was Rs 15,524 per square foot, representing a 25% YoY increase.

For plotted developments, the average realization rose to Rs 6,975 per square foot, a 27% increase from the same quarter last year.

Collections for Q4 FY25 were Rs 3,155.1 crore, representing a 9% decline on YoY basis.

The company launched 14.03 million square feet during the quarter, spanning four projects- Prestige Suncrest and Prestige Southern Star-Ph 1in Bengaluru, Prestige Nautilus in Mumbai and Prestige Spring Heights in Hyderabad, with a combined GDV potential of Rs 16,133.8 crore.

Full-year new sales stood at Rs 17,023.1 crore, a 19% decline YoY, reflecting the impact of deferred launches amid approval delays. Sales volume for the year was 12.58 million square feet, down 38% YoY.

Collections for the full year totalled Rs 12,084 crore, indicating a 1% growth over FY24.

In the Office segment, gross leasing for FY25 stood at 4.10 million square feet across the portfolio. Portfolio-wide Occupancy levels remained strong at over 90%.

In the Retail segment, the company?s malls recorded a gross turnover (GTO) of Rs 2,264 crore during FY25. Total footfalls across the retail portfolio stood at 18 million. Portfolio-wide occupancy remained high at 99%.

Irfan Razack, chairman and managing director, Prestige Group, said: ?FY25 brought with it a mix of achievements and challenges. Despite delays in project approvals that deferred a few key launches into the next fiscal, the final quarter saw strong traction in sales and an encouraging uptick in realizations.

The appetite for quality real estate remains robust, as evidenced by the outstanding response to our recent launches.

FY26 is set to be a defining year for Prestige Group as we expand into newer markets?launching marquee projects in NCR and Mumbai and achieving our maiden residential completions in Mumbai.?

Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has a diversified business model across various segments, viz., residential, office, retail, hospitality, property management, and warehouses, with operations in more than 13 major locations in India.

The scrip fell 1.28% to currently trade at Rs 1192.45 on the BSE.

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These projects covered a total developable area of 14.03 million square feet and comprised of 4,548 units.

Though the larger project launches took place towards the latter part of the quarter, the company was able to clock impressive sales before the quarter end, meaningfully contributing to the quarter?s overall performance.

Flagship launches such as Prestige Nautilus in Mumbai clocked Rs 2,385.7 crore in sales within a month, while Prestige Southern Star in Bengaluru and Prestige Spring Heights in Hyderabad achieved Rs 1,382.1 crore and Rs 1,110.1 crore in sales, respectively, in the last few days of the quarter.

These projects cater to a wide spectrum of buyers?from mid-segment and aspirational housing to premium and luxury residences. Looking ahead, Prestige Group is gearing up to build on this momentum with a robust pipeline of launches planned across Bengaluru, NCR, Chennai, and Mumbai in the upcoming months.

Irfan Razack, chairman and managing director, Prestige Group, said: ?We are pleased with the enthusiastic response our Q4 launches have received across geographies and customer segments.

While the year posed certain challenges on the approvals front, we made every effort to navigate them responsibly and bring these diverse offerings to market.?

Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has a diversified business model across various segments, viz., residential, office, retail, hospitality, property management, and warehouses, with operations in more than 13 major locations in India.

The scrip fell 1.18% to currently trade at Rs 1074.70 on the BSE.

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Prestige Estates Project announced a series of successful residential launches during the fourth quarter of FY25, spanning key cities and catering to a wide range of homebuyers.

The quarter saw the launch of four projects across Bengaluru, Mumbai, and Hyderabad, covering a total developable area of 14.03 million square feet, comprising 4,548 units, with an aggregate Gross Development Value (GDV) of Rs 16,133.8 crore.

Flagship launches such as Prestige Nautilus in Mumbai clocked Rs 2,385.7 crore in sales within a month, while Prestige Southern Star in Bengaluru and Prestige Spring Heights in Hyderabad achieved Rs 1,382.1 crore and Rs 1,110.1 crore in sales respectively, in the last few days of the quarter.

 Looking ahead, Prestige Group is gearing up to build on this momentum with a robust pipeline of launches planned across Bengaluru, NCR, Chennai, and Mumbai in the upcoming months.

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