Shares of Prestige Estates surged 3.32% to ₹1,447 at 2:34 pm on the NSE after the company released its Q2 FY27 financials.
The report disclosed that residential pre‑sales climbed 20% YoY, reaching ₹7,225 cr, and that 5.84 million sq ft of units were sold across 3,910 units.
Average realisation stood at ₹12,375 per sq ft, while collections for the quarter hit ₹5,294 cr, pushing the first‑half total to ₹10,096 cr.
Three new residential projects were launched in September, covering 5.91 million sq ft with a gross development value of ₹4,020 cr, and the first‑half launch total now stands at 23.14 million sq ft and ₹16,200 cr GDV.
Chairman and MD Irfan Razack highlighted a launch pipeline of over ₹40,000 cr across Bengaluru, Mumbai, NCR, Chennai and Hyderabad for the next two quarters, signalling strong demand.
Last month, CPP Investments committed ₹3,000 cr for a 27% stake in Prestige Hospitality Ventures, a move aimed at accelerating the company’s hospitality expansion.
With the launch pipeline and hospitality investment in place, the company is targeting a continued upward trend in pre‑sales and aims to maintain a healthy cash flow ahead of the FY27 year‑end.