NEW DELHI: Prestige Estates Projects Ltd reported a 50% increase in sales bookings, reaching ₹6,017.3 crore in the second quarter of this fiscal year, attributed to rising housing demand.
In its regulatory filing, the company highlighted that robust demand across various markets and segments fueled this growth in sales bookings or pre-sales.
Sales volume for the quarter totaled 4.42 million square feet, an increase of 47% year-on-year.
During the July-September period, the company sold 2,069 units, with the average realization for apartments rising 8% year-on-year to ₹14,906 per square foot. Meanwhile, plots saw an impressive 43% increase in realization to ₹9,510 per square foot.
For the first half of this fiscal year, Prestige Estates achieved record sales of ₹18,143.7 crore, which marks a 157% year-on-year increase.
The company has already exceeded its full-year sales target for FY25.
Overall sales volume amounted to 13.96 million square feet, totaling 6,788 units sold.
Commenting on the results, Irfan Razack, Chairman and Managing Director of Prestige Group, remarked on the exceptional performance in the first half, characterized by record sales and strong collections. He noted that this success was further enhanced by significant contributions from various regions including Bengaluru, NCR, and Mumbai.
By June 2025, the group delivered 307 projects covering 199 million square feet and currently has a pipeline of 132 projects encompassing an additional 200 million square feet.
