Prestige Estates Q4 Sales Surge 48% to ₹7,000 Crore; FY25 Bookings Down 19% Due to Approval Delays

Prestige Estates Projects Ltd reported a 48% year-on-year (YoY) jump in sales bookings during the January–March quarter of FY25, reaching ₹6,957.4 crore. The company sold 4.49 million square feet of space in the quarter, which included 2,301 units, marking a 9% rise in volume.

Higher Prices Across Projects

The average price for apartments, villas, and commercial properties increased 25% YoY to ₹15,524 per square foot. For plotted developments, average realisation rose by 27% to ₹6,975 per square foot.

Also Read, NBCC Share Price Rises 3.75% on April 17; Eyes ₹25,000 Cr Revenue by FY29.   

Full-Year Sales Fall Short of Target

Despite a strong finish to the fiscal year, total FY25 sales bookings dropped by 19% YoY to ₹17,023.1 crore, falling short of the company’s target of ₹24,000 crore. The reason: delays in getting project approvals, which led to fewer new launches.

Sales volume for the full year was 12.58 million square feet, down 38% YoY, with 5,919 units sold. However, average prices jumped significantly:

• ₹14,113 per sq ft for apartments, villas, and commercial properties (up 36%)

• ₹7,167 per sq ft for plots (up 50%)

Chairman and Managing Director Irfan Razack acknowledged that FY25 had both wins and setbacks. While approval delays impacted new launches, the company saw strong sales momentum and higher pricing in the final quarter.

He noted that demand for quality real estate remains strong and praised the positive response to recent launches. Looking ahead, Razack expects FY26 to be a milestone year with launches in new markets like NCR and Mumbai, along with the company’s first residential completions in Mumbai.

Looking Ahead with Optimism

Prestige Estates remains optimistic about the future, with project approvals progressing and steady market demand. The company aims to grow further and strengthen its presence in major cities across India.

About Prestige Group

Prestige Group is a real estate development company headquartered in Bangalore, India. Established in 1986 by Razack Sattar, the company has built residential and commercial projects across several major cities, including Bangalore, Chennai, Hyderabad, Kochi, Calicut, Mumbai, Mangalore, Goa, and Mysore.

On April 17, 2025, Prestige Estates Projects share price was trading at ₹1,228.00, up ₹20.60 or 1.71%. The stock opened at ₹1,205.00, touched a high of ₹1,232.00 and a low of ₹1,185.00 during the day. The company’s market capitalisation stood at ₹52,890 crore, with a price-to-earnings (P/E) ratio of 85.25 and a dividend yield of 0.15%. The stock’s 52-week high is ₹2,074.80, while the 52-week low is ₹1,048.05.

Conclusion

Prestige Estates saw strong Q4 growth with ₹7,000 crore in sales, despite a 19% FY25 decline due to delayed approvals. FY26 to see key launches in Mumbai and NCR.

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