PEPrestige Estates Projects533274Real estate

Prestige's Q2 business update showed strong presales and collections, with multiple brokerages maintaining buy ratings

By ScoutQuest · Wed 14 Oct 2026, 8:08 AM IST · 1 min read

Residential presales

7,225 crore rupees

Sales volumes

11.8 million square feet

Average realization

12,375 rupees per square feet

Collections

5,200 crore rupees

FY27 presales guidance achieved

40 percent

Heard on business television between 08:17:55 - 08:20:55 IST.

• Residential presales were at Rs 7,225 crore with sales volumes of 11.8 million square feet and average realization of Rs 12,375 per square feet; collections robust at about Rs 5,200 crore.
• Nomura maintained buy with target price of Rs 1,900, calling Q2 presales a beat and the sector resilient, with Q2 the third strongest quarter in 10 quarters.
• Citi maintained buy with target price of Rs 1,850, saying presales were in line with estimates and new launch off-take in H2 remains a key monitorable; company achieved 40% of FY27 presales guidance.

The call above is Nomura's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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