Prestige Estates FY26 Rs 30024.5 crore sales how Bengaluru launch pipeline shifts buyer choice

On 21 May 2026, the Prestige Estates Projects board approved a number the company had been chasing for three financial years. Annual sales for FY26 closed at Rs 30,024.5 crore, up 76 percent year on year, on 22.28 million square feet across 11,692 units sold. CMD Irfan Razack used a phrase he rarely deploys in earnings releases. "FY26 has been a landmark year for Prestige, marked by our highest-ever sales and collections alongside strong growth in revenue." For Bengaluru buyers, the relevant question is not what the headline did but what the 56 percent Bengaluru-weighted Q4 launch mix means for 2026 prices.

The short answer. Prestige Estates closed FY26 with record sales of Rs 30,024.5 crore on 21 May 2026, with Bengaluru contributing 34 percent of the annual mix and Q4 launches of 8 million square feet and Rs 7,731.4 crore GDV concentrated almost entirely in the city. For buyers, this signals continued pricing power on Prestige's Bengaluru pipeline, with Q4 average realisation at Rs 16,569 per square foot, up 7 percent QoQ. Booking decisions for 2026 should be made on project specifics rather than waiting for a sector-wide reset.

What did Prestige FY26 actually deliver

The hard numbers are unambiguous. FY26 sales of Rs 30,024.5 crore against FY25's Rs 17,023 crore. Collections of Rs 18,514.6 crore. Sold volume of 22.28 million square feet at an average realisation of Rs 14,470 per square foot, up 3 percent on the year. Q4 alone contributed Rs 7,697.3 crore in sales, an 11 percent QoQ jump, with Q4 average realisation climbing 7 percent QoQ to Rs 16,569 per square foot. Unrecognised revenue swelled to Rs 61,922 crore, giving the company a four year visibility on recognised topline growth. The board approved a final dividend of Rs 2 per share and a Rs 2,000 crore NCD issue to fund the FY27 land bank.

Which Bengaluru projects launched in Q4 FY26

The Q4 launch list reads like a who's who of Bengaluru east and south corridors. Evergreen at Prestige Raintree Park anchored the quarter at 4.76 million square feet of standalone GDV in Whitefield. Eaton Park Fernvale picked up south Bengaluru. Together, the Q4 launch slate ran 8 million square feet of GDV worth Rs 7,731.4 crore. Of that, well over 56 percent sat in Bengaluru postcodes, the highest single quarter Bengaluru concentration Prestige has ever reported.

Is Prestige tightening Bengaluru pricing

Yes, and visibly. The Q4 average realisation of Rs 16,569 per square foot is 7 percent above the Q3 number. New launches in Whitefield and Sarjapur Road extensions in May 2026 are quoting Rs 17,500 to Rs 19,500 per square foot for high floors. For comparison, identical Prestige launches in Q2 FY26 were priced at Rs 15,500 to Rs 17,000 per square foot. The pricing power is real, anchored by unrecognised revenue of Rs 61,922 crore that buys Prestige the luxury of holding rates rather than discounting to absorb inventory.

What is the next 12 month pipeline

Should I buy Prestige now or wait for Q2 FY27

Two factors argue against waiting. First, Prestige's realisation trajectory is up 7 percent QoQ in Q4 FY26 and continuing in Q1 FY27. Second, the Q4 launch slate has roughly 60 to 65 percent of units already absorbed in the EOI phase, leaving limited choice on floor, view and configuration for late entrants. Two factors argue for patience. The H1 FY27 pipeline brings 4 to 5 fresh Bengaluru launches at potentially better entry rates. And the Anarock Q1 2026 inventory data shows the city has its highest unsold stock count in three years, which suggests Prestige may have to soften terms on select projects.

How does Prestige compare to Brigade and Sobha

Prestige's FY26 pre-sales of Rs 30,024.5 crore is roughly four times Brigade Enterprises' FY26 pre-sales of Rs 7,424 crore and twice Sobha's annual run rate. The scale difference matters for buyers because Prestige has more flexibility on payment plans, more captive financing tie ups and more after sales infrastructure. Sobha's quality moat is the backward integrated construction model. Brigade's edge is its 28 percent EBITDA margin and 11.6 million square foot FY27 pipeline. Prestige's edge is pure scale and price stability, which makes it the safer pre-launch bet for risk averse buyers.

What are the buyer side risks

Three risks deserve flagging. NCR rose to 33 percent of Prestige's FY26 mix, meaning the Bengaluru focus may dilute further in FY27 as Delhi and Mumbai launches scale. Q4 FY26's 56 percent Bengaluru launch concentration may not repeat. Pricing power benefits the developer first, the buyer second. Possession horizons on Q4 FY26 launches are 2029 to 2030, which is a 4 to 5 year carry cost on a CLP. Buyers should underwrite rental cover assumptions conservatively for the carry period.

For context on Bengaluru's broader pricing and absorption picture, see our analyses of pre-launch versus ready to move math, the Sarjapur Road price plateau thesis and the 53 percent Q1 2026 luxury launch concentration.

Frequently asked questions

Did Prestige beat its FY26 guidance?

Yes, by a wide margin. Prestige guided to Rs 24,000 crore in pre-sales at the start of FY26 and closed at Rs 30,024.5 crore, a 25 percent beat. Collections of Rs 18,514.6 crore also exceeded the Rs 15,000 to Rs 16,000 crore management guidance. Unrecognised revenue of Rs 61,922 crore extends visibility to FY30.

Is Bengaluru still Prestige's core market?

Bengaluru contributed 34 percent of FY26 sales mix, down from 50 percent plus in FY24, reflecting Prestige's diversification into NCR (33 percent) and Mumbai. However, Q4 FY26 saw Bengaluru rebound to 56 percent of launch volume, suggesting the city remains the operational base even as the geographic mix broadens.

Where will Prestige launch next?The H1 FY27 pipeline includes additional Bengaluru launches on Sarjapur Road, Devanahalli airport corridor, and Hennur extension. NCR additions in Gurugram and Noida are also on the slate. Mumbai is expected to see a Bandra Kurla precinct launch in late FY27 based on management commentary in the 21 May 2026 earnings call.

Should I trust pre-launch pricing from Prestige?

Prestige's pre-launch pricing typically holds the headline rate but expands amenities and bundles inclusions in the second EOI window. Buyers who book in the first EOI cohort historically capture 5 to 8 percent of the launch to delivery appreciation. The risk is execution timeline, with most current launches at 4 to 5 year possession horizons.

Last updated 25 May 2026. By the PropNewz Team.