Prestige Estates Share Price Jumps Nearly 8%; Here’s Why

DSIJ Intelligence/ 08 Apr 2026 /Categories: Mindshare, Trending

Prestige Estates Share Price Jumps Nearly 8%; Here’s Why

Prestige Estates reports record FY26 pre-sales of Rs 30,024 crore, up 76 per cent YoY, with strong demand across key Indian markets

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On Wednesday, Indian markets closed on a strong positive note, with the Nifty 50 rising 3.73 per cent to settle at 23,997.35. Amid this, Prestige Estates share price closed at Rs 1,319.80, up 7.96 per cent from the previous close of Rs 1,222.55, following the company’s strong business performance for FY26.

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Prestige Estates Reports Record FY26 Pre-Sales Performance

Prestige Estates Projects reported its highest-ever annual pre-sales, crossing the Rs 30,000 crore milestone for the first time. The company recorded pre-sales of Rs 30,024 crore in FY26, marking a 76 per cent YoY increase.

In Q4FY26, pre-sales stood at Rs 7,697 crore, up 10 per cent YoY, resulting in sustained demand across key markets and helping the company close the year on a strong note.

The growth was driven by steady traction across major geographies, including Bengaluru, NCR, Mumbai, Hyderabad, and Chennai. The company witnessed consistent sales momentum across both new launches and ongoing projects, indicating resilient end-user demand.

Prestige Management Commentary

Commenting on the performance, Mr Irfan Razack, Chairman and Managing Director,“We are happy to close FY26 on a strong note, with steady sales momentum through the year and a good finish in the fourth quarter. Demand across our key markets has remained encouraging, and our focus on quality, location, and timely execution continues to resonate well with customers. With a robust pipeline of upcoming launches across geographies, we are optimistic about sustaining this momentum in the coming year.”

About Prestige

Prestige Estates Projects Limited, established in 1986, is one of India’s leading Real Estate developers with a diversified presence across residential, commercial, retail, hospitality, and services segments. The company operates in 13 major Indian markets, including Bengaluru, Mumbai, Hyderabad, Chennai, NCR, and Kochi.

It has delivered over 300 projects spanning more than 190 million square feet and continues to manage a large portfolio through its property management platform. The company holds strong credit ratings and remains focused on disciplined growth and expansion across key urban markets.