Prestige Retail Malls Record ₹590 Cr Turnover in Q1 FY26 with 98.9% Occupancy

Bengaluru – Prestige Estates Projects Limited has posted a robust performance in its retail vertical during Q1 FY26, with gross turnover (GTO) across operational malls touching ₹590 crore. The company also reported a near-full occupancy level of 98.9%, underscoring the strong demand for its organized retail assets.

The high occupancy and revenue traction were matched by exit rentals totaling ₹218.5 crore, reaffirming the annuity strength of Prestige’s retail assets. The performance was consistent across malls in Bengaluru, Kochi, Hyderabad, and other major cities, driven by a mix of premium fashion, food, entertainment, and lifestyle tenants.

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

“Our malls continue to perform exceptionally well, reflecting both the quality of our retail environments and the steady recovery in consumer footfall,” said Irfan Razack, Chairman and Managing Director, Prestige Group. “With occupancy nearing 100%, our retail assets are delivering reliable income and tenant satisfaction.”

Prestige has emerged as one of the key retail developers in South India, with flagship assets such as Forum malls setting benchmarks for curated tenant mix, customer experience, and asset management.

The company’s strategy includes expanding its retail portfolio in newer locations, exploring retail-led mixed-use formats, and enhancing digital engagement through loyalty and analytics platforms.

The retail segment’s performance in Q1 FY26 complements Prestige’s achievements in residential sales, commercial leasing, and project deliveries—further highlighting the company’s diversified and resilient real estate model.

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