In Fy26, Prestige Estates Likely To Exceed The Pre-Sales Target Of Rs 25,000+ Crores

Prestige Estates Projects is aiming for pre-sales of over Rs 25,000 crore for the financial year 2026, according to Irfan Razack, the Managing Director of Prestige Group. The real estate company’s confidence shoots from its strong inventory and pipeline.

“What we aimed for at the beginning of the year was around Rs 25,000 crore. Now, we have done almost half of the Q1 FY26 target. This year, we will beat the target that we have set for,” said Irfan Razack.

Prestige reported a sale of Rs 12,126.4 crores in the quarter that ended in June. Depending on the pace of major approvals, they can get pre-sales of Rs 62,000 crores. Their top prelaunch project, “P Prestige Evergreen” in Whitefield, has the highest prelaunch sales in Bangalore.

Now, they hold an inventory of Rs 20,000 crores. They have a Gross Development Value of another Rs 42,000 crores. It will take the total stock that will come in at Rs 62,000 crores. Any one or 2 projects may get delayed.

The mid-market segment from Rs 1 crores to Rs 3 crores is the evergreen driver of real estate market demand. There is a constant demand for mid-market segment properties. As long as the mid-market is in demand, the real estate business will keep coming from it.

When it comes to the price range, the property values have reached a certain peak this year. The RBI’s recent rate cuts have eased the financial burden on buyers. Prestige Group is moving ahead with many plans to unlock its value in its other business verticals, too. They have got clearance for the draft red herring brochure for its hospitality arm's IPO. It will conclude by mid-September.