New Delhi: Realty firm Prestige Estates Projects Ltd on Wednesday reported a 50 per cent increase in its sales bookings to Rs 6,017.3 crore during the second quarter of the current fiscal year, driven by stronger housing demand.
In a regulatory filing, the company highlighted that the growth in sales bookings, or pre-sales, was fueled by robust demand across various markets and segments. Sales volume for the quarter stood at 4.42 million square feet, marking a 47 per cent year-on-year rise. During the July-September period, the company sold 2,069 units.
The average realization for apartments increased by 8 per cent year-on-year to Rs 14,906 per square foot, while plots saw a sharp 43 per cent jump in realization, reaching Rs 9,510 per square foot.
For the first half of this fiscal year, Prestige Estates achieved record sales of Rs 18,143.7 crore, which represents a significant 157 per cent increase compared to the same period last year. Impressively, the company has already surpassed its full-year sales target for FY25.
Sales volumes for the six-month period aggregated 13.96 million square feet, with 6,788 units sold.
Commenting on the strong performance, Irfan Razack, Chairman and Managing Director of Prestige Group, said, “The company has reported an outstanding first half, marked by record sales and strong collections. What makes this performance even more gratifying is the contribution from multiple geographies — Bengaluru, NCR, and Mumbai have all delivered exceptionally well.”
As of June 2025, the Prestige Group has delivered 307 projects spanning 199 million square feet and currently maintains a pipeline of 132 projects across 200 million square feet.
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https://www.freepressjournal.in/business/realty-firm-prestige-estates-projects-reports-50-increase-in-sales-bookings-to-60173-crore
