How much did Prestige launch in Q1 FY27?

Prestige launched four projects with a combined residential gross development value of ₹12,000 crore, including Prestige Golden Grove in Hyderabad and Prestige Gardenia Estates Phase II in Bengaluru.

What were the pre-sales for the quarter?

Residential pre-sales were ₹6,579 crore, with 6.04 million square feet sold across 3,337 units.

Which city contributed the most to sales?

Hyderabad contributed 49% of sales, largely due to the response to the newly launched Prestige Golden Grove, followed by Bengaluru, Mumbai, NCR and other markets.

How does the launch pipeline compare to FY26 revenue?

The residential GDV of ₹12,000 crore from new launches is equivalent to approximately 74% of FY26 revenue, as stated by the analyst.

Is this information new or previously disclosed?

Yes, it is new. The analyst rationale confirms that the launch details, except for the already-announced Prestige Forest Hills Phase 2, were not previously disclosed and trigger the company's binding materiality rule.

What is the outlook for the rest of the year?

Chairman Irfan Razack said the company is upbeat about a festive-season launch pipeline across Mumbai, NCR, Bengaluru and Chennai, indicating continued momentum.

Real Estate · Large cap

Prestige starts FY27 with ₹12,000 cr launch pipeline, ₹6,579 cr pre-sales

Four new projects launched, including Prestige Golden Grove in Hyderabad. Chairman Irfan Razack upbeat on festive-season pipeline.

— 6 earlier stories on Prestige Estates Projects Ltd. →

PRESTIGE By Tipsheet Editorial 16 Jul 2026 · 11:34 AM IST Verify on BSE · NSE

Mkt cap₹67,035 cr

P/E56.07×

ROE3.03%

Debt / eq.0.69

Div yld0.13%

₹12,000 cr Gross development value of residential projects launched in Q1 FY27

What's new

Launched four projects with combined residential GDV of ₹12,000 crore in Q1 FY27.
Residential pre-sales hit ₹6,579 crore, with 6.04 msf sold across 3,337 units.
Hyderabad contributed 49% of sales, driven by the new Prestige Golden Grove.

Why this matters

The launches alone equal roughly 74% of FY26 revenue, a material shift that resets analyst estimates. Pre-sales of ₹6,579 crore confirm demand, especially in Hyderabad. With a festive-season pipeline, Prestige is one of the most active developers this quarter.

What we're watching

Festive-season launch pipeline across Mumbai, NCR, Bengaluru and Chennai.
Sales absorption of the newly launched projects, especially Prestige Golden Grove.
Debt levels and cash flow given the large ongoing capex.

The full read

Prestige Estates opened FY27 with ₹12,000 crore in new project launches and ₹6,579 crore in pre-sales. The four launches, including the massive Prestige Golden Grove in Hyderabad, add a residential GDV equal to roughly 74% of FY26 revenue. Even excluding the already-known Prestige Forest Hills Phase 2 (₹2,200 crore GDV), the remaining ₹9,700 crore alone far exceeds the materiality threshold. Hyderabad accounted for 49% of pre-sales, underpinned by the response to Golden Grove. Collections were ₹48.02 billion. With a festive-season pipeline across Mumbai, NCR, Bengaluru and Chennai, management expects more to come.

Questions answered

How much did Prestige launch in Q1 FY27?: Prestige launched four projects with a combined residential gross development value of ₹12,000 crore, including Prestige Golden Grove in Hyderabad and Prestige Gardenia Estates Phase II in Bengaluru.
What were the pre-sales for the quarter?: Residential pre-sales were ₹6,579 crore, with 6.04 million square feet sold across 3,337 units.
Which city contributed the most to sales?: Hyderabad contributed 49% of sales, largely due to the response to the newly launched Prestige Golden Grove, followed by Bengaluru, Mumbai, NCR and other markets.
How does the launch pipeline compare to FY26 revenue?: The residential GDV of ₹12,000 crore from new launches is equivalent to approximately 74% of FY26 revenue, as stated by the analyst.
Is this information new or previously disclosed?: Yes, it is new. The analyst rationale confirms that the launch details, except for the already-announced Prestige Forest Hills Phase 2, were not previously disclosed and trigger the company's binding materiality rule.
What is the outlook for the rest of the year?: Chairman Irfan Razack said the company is upbeat about a festive-season launch pipeline across Mumbai, NCR, Bengaluru and Chennai, indicating continued momentum.

Mentioned: Prestige Estates · Prestige Golden Grove · ₹12,000 cr GDV · ₹6,579 cr pre-sales

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Prestige Estates Projects Ltd.

Real Estate

₹71,833 cr

P/E 60.09×

Latest quarter · Mar 2026

Sales₹4,074 cr

Net profit₹327 cr

Op. margin+25.7%

EPS₹5.81

Strength & growth

Debt / equity0.69×

Current ratio1.25×

Sales CAGR+8.7%

EPS CAGR+5.2%

Story so far

All notes on PRESTIGE →

16 Jul 2026 · 11:34 AM IST Prestige starts FY27 with ₹12,000 cr launch pipeline, ₹6,579 cr pre-sales
13d ago Prestige Estates buys 50% stake in ₹4,500 cr Mumbai commercial project
16d ago Prestige launches ₹2,200 cr Mumbai phase, 17% of FY26 revenue
35d ago Prestige joins Bengaluru Airport City push with hotels, convention centre
55d ago Prestige Estates raises debt limit and shelves hospitality IPO