Prestige Leases 1.21 Mn Sq. Ft. of Office Space in Q1 FY26, Maintains 93.7% Occupancy

Bengaluru – Prestige Estates Projects Limited has reported a strong performance in its commercial office portfolio during Q1 FY26, with 1.21 million square feet of office space leased and occupancy levels holding steady at a healthy 93.7%.

The commercial leasing success comes amid increasing demand for Grade-A office spaces across key Indian cities, driven by IT, BFSI, and global capability centers (GCCs). Prestige’s established presence in Bengaluru, Hyderabad, and Mumbai continues to attract marquee tenants seeking quality infrastructure, scalability, and sustainability.

The company also reported exit rentals of ₹523 crore for its office portfolio during the quarter, reinforcing the steady annuity income from its commercial vertical.

Also read, Prestige Delivers First Residential Projects in Mumbai, Expands Footprint in Financial Capital

“Our office assets continue to demonstrate strong demand dynamics and tenant stickiness,” said Irfan Razack, Chairman and Managing Director, Prestige Group. “With stabilized occupancy and healthy lease momentum, we are well-positioned to capitalize on India’s next phase of commercial growth.”

Prestige has been actively expanding its office footprint through large-scale developments, integrated business parks, and joint ventures. The company’s commercial pipeline includes strategic projects in core CBDs and emerging business corridors.

The Q1 office leasing numbers reflect a stable annuity portfolio that complements Prestige’s robust residential performance. Together, these segments contribute to a balanced business model and sustained cash flow generation.

Also read, Prestige Completes Turf Tower in Mahalaxmi, Unlocks Next Phase of Landmark Mumbai Project