Prestige Estates Projects533274Periodic business update

H1 FY27 Pre-sales at ₹1,38,043 Million; ₹30,000 Million CPP Investment in Hospitality

H1 FY27 pre-sales ₹ 1,38,043 million; Q2 ₹72,250 million, up 20% YoY.

By ScoutQuest · Tue 13 Oct 2026, 2:18 PM IST · 3 min read

27%CPP Investments stake in Prestige Hospitality Ventures

CPP Investments stake in Prestige Hospitality Ventures: ~27%.

H1 FY27 Pre-sales: ₹ 1,38,043 million
Q2 Pre-sales: ₹72,250 million, up 20% YoY
CPP Investments in Prestige Hospitality Ventures: ₹30,000 million for ~27% stake

Pre-sales for H1 FY27 were ₹ 1,38,043 million, with sales volume of 11.88 million square feet and 7,247 units sold.
Q2 FY27 pre-sales were ₹72,250 million, up 20% year-on-year, on sales volume of 5.84 million square feet and 3,910 units.
Collections were ₹52,941 million in the quarter, taking H1 FY27 collections to ₹1,00,963 million.

During Q2 FY27, the company launched or commenced construction on 9 projects across residential, commercial, retail and hospitality, with a combined developable area of 10.09 million square feet; H1 FY27 totalled 30.25 million square feet.
Completions were 5.07 million square feet in the quarter, taking H1 FY27 completions to 9.44 million square feet.
Residential launches in the quarter were 3 projects covering 5.91 million square feet with a GDV of approximately ₹40,200 million. Residential launches for H1 FY27 aggregated 23.14 million square feet with a GDV of over ₹1,62,000 million.
Residential completions in the quarter were 3 projects covering 4.27 million square feet (H1 FY27: 5.00 million square feet).

Bengaluru contributed 41% of half-yearly sales, followed by Hyderabad 32%, Mumbai 12%, Chennai 8% and 7% from other markets.
Average realisation was ₹12,375 per square foot in Q2 FY27, with the half-yearly average at ₹11,618 per square foot.

Office portfolio gross leasing was 1.7 million square feet in the first half of the year, with exit rentals of ₹8,434 million as of September 2026.
Construction commenced on three commercial projects spanning 2.02 million square feet during the quarter, and one project of 0.8 million square feet was completed.
Retail gross turnover across malls reached ₹7,210 million in the quarter, up 10% year-on-year, with footfalls of 5.2 million, occupancy of 99% as at September end and exit rentals of ₹2,776 million.
Construction commenced on one retail project of 1.39 million square feet.

The hospitality business recorded occupancy of 70% and average room rates of ₹15,143 for the half year.
Construction commenced on two hotel projects adding 313 keys across 0.77 million square feet.

CPP Investments announced a strategic investment of ₹30,000 million in Prestige Hospitality Ventures Limited for a ~27% stake. The investment is stated to support expansion of the hospitality business, including development of its planned portfolio and pursuit of future growth opportunities.
The Chairman's comments refer to a substantial launch pipeline of over ₹4,00,000 million planned across Bengaluru, Mumbai, NCR, Chennai and Hyderabad over the next two quarters.
The company describes a portfolio spanning residential, commercial, retail, hospitality and integrated townships, with 319 projects delivered covering 216 million sq. ft. and a pipeline of 137 projects across 229 million sq. ft. as of June 2026.

The update covers activity across all business verticals for the quarter and half year, with pre-sales, collections, leasing, footfalls and hospitality operating metrics reported segment-wise.
The CPP Investments transaction is described as a strategic investment in the hospitality subsidiary, and the launch pipeline is described as planned for the coming two quarters.

₹ 1,38,043 million

Q2 FY27₹72,250 millionH1 FY27₹ 1,38,043 million

Residential pre-sales: ₹72,250 million (Q2 FY27) and ₹ 1,38,043 million (H1 FY27).

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