Prestige Estates edges lower after pre-sales decline by nearly 46% in Q1 FY27
Mumbai, July 16 -- In the June 2026 quarter, the company has registered sales volume of 6.04 million square feet (down 36.8% YoY) and has sold 3,337 units (down 29.3% YoY).
Prestige Estates said that Hyderabad was the largest contributor to quarterly sales, accounting for 49% of total sales, followed by Bengaluru (27%), Mumbai (12%), NCR (7%) and other markets (5%).
The company achieved an average realization of Rs 11,193 per square foot for apartments in Q1 FY27, which is lower by 16.1% on year-on-year (YoY) basis. The average realization for plotted developments, however, increased by 9.5% YoY to Rs 8,043 per square foot.
The average realizations for the quarter primarily reflect the geographical mix of sales, with Hyderabad accounti...
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