Prestige Estates Q2 FY27: Sales Bookings Rise 20% to ₹7,225 Crore, ₹40,000 Crore of Launches Lined Up

Prestige Group sold homes worth ₹7,225 crore in Q2 FY27, the July to September quarter, up 20% from a year earlier. Its listed company, Prestige Estates Projects, declared its results on 5 November 2026 and says it plans to launch projects worth more than ₹40,000 crore between October 2026 and March 2027.

How did Prestige Estates perform in Q2 FY27?

• Q2 sales bookings: ₹7,225 crore from 3,910 homes, up 20% year on year
• Q2 area sold: 5.84 million Sq.Ft. at an average of ₹12,375 per Sq.Ft.
• H1 sales bookings: ₹13,804 crore from 7,247 homes
• H1 collections: ₹10,096 crore
• Q2 revenue: ₹2,060 crore, down 15%
• Q2 net profit: ₹224 crore, down 48%
• FY27 sales target: ₹35,000 to 36,000 crore, against a record ₹30,024 crore in FY26

Which cities drive Prestige’s sales in FY27?

Bengaluru brought in 41% of Prestige’s residential sales in the first half and Hyderabad 32%, followed by Mumbai at 12% and Chennai at 8%. In Q2 the company launched three projects in Bengaluru and Chennai covering 5.91 million Sq.Ft., with an estimated sales value of about ₹4,020 crore.

The planned H2 launches span Bengaluru, Mumbai, Delhi-NCR, Chennai and Hyderabad. The ₹40,000 crore figure is the estimated value of homes to be launched, not sales already made, so how much of it turns into bookings will depend on demand.

Why did Prestige’s profit fall when sales rose 20%?

Sales bookings measure homes sold in the quarter. Revenue and profit are counted when projects are completed and handed over, so they reflect projects sold years ago. That is why bookings rose 20% while profit fell: fewer completions were recognised this quarter, not fewer buyers.

What does Prestige’s ₹40,000 crore launch pipeline mean for Bengaluru buyers?

A heavy launch pipeline means more choice from Prestige over the next five months, especially in Bengaluru, where projects such as Prestige Parklane and Prestige Avon are already selling. Rising average prices, now about ₹12,375 per Sq.Ft. across its sales, also show that early-phase pricing at a new launch is usually the lowest you will see in that project.