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Real Estate News, Property Prices, Housing, Commercial Development | The HinduBusinessLine

Sobha Q4 profit up at ₹92 cr; FY26 profit rises 2 times to ₹193 cr Godrej Properties FY26 profit rises 32% to ₹1,850 crore, stock gains WeWork India opens Aerocity centre, adds 1.1 lakh sq ft in Delhi-NCR Listed realty firms tighten grip on land deals as market consolidates in FY26 Concorde leases 1.4 lakh sq ft to BHIVE at Bengaluru’s Econex Ramky Estates takes over ₹2,000-crore stressed residential projects from Skylark Builders in Bengaluru Brigade, Bain Capital to develop ₹2,200 crore mixed-use project in Bengaluru Cognizant pre-leases 6.5 lakh sq ft in Chennai to set up GCC for US Bancorp Strong leasing boosts Mindspace REIT’s Q4 performance Embassy REIT eyes 10–12 msf acquisitions; demand tailwinds support growth MICL Group acquires 2 projects in South Mumbai with sales potential of ₹2,000 cr Mahindra Lifespace pre-sales rise 21% to ₹3,405 crore in FY26 on strong housing demand Maharashtra amends sand policy, deploys flying squads to curb illegal mining DRA partners with California-based Slate AI for AI-led construction management GIFT City to expand its area by 15%; over 161 acres to be added Real estate shifts to delivery-led growth as RERA tightens norms: NBR Group Meghna Infracon to invest ₹500 cr on five redevelopment projects in Mumbai region Domestic capital drives 76% of India's real estate investment, foreign inflows stay muted: Report Nvidia inks 10-year lease for 7.6 lakh sq ft office space in Bengaluru Office market shines in Jan-Mar despite global headwinds; net leasing up 7% in top 7cities: JLL Mehul H Doshi assumes charge as president of CREDAI Chennai for 2026–2028 Sales of affordable homes down 23% in Jan-Mar to 16,273 units in top 8 cities: Knight Frank India real estate demand remains stable in Q1 despite launch slowdown: Equirus Lodha Developers bets on data centres and low leverage as it targets sustained growth after record FY26 Real estate deals down 63% to $763 mn in Jan-Mar against Dec quarter: Report Chalet Hotels acquires Udaipur resort for ₹171 crore Bengaluru’s next real estate boom to be driven by expansion of metro lines Sunteck Realty Q4 pre-sales rise 22% to ₹1,064 cr Capital inflows in Indian real estate rise 72% to record $5.1 billion in Jan-Mar: CBRE Table Space adds 4.25 lakh sqft in Mumbai, Pune
Prestige Estates crosses ₹30,000 crore pre-sales in FY26
2026-04-08 · via Real Estate News, Property Prices, Housing, Commercial Development | The HinduBusinessLine

Real estate major Prestige Estates Projects Ltd has recorded a 76 per cent growth in annual pre-sales, reaching ₹30,024 crore for FY26, with ₹7,697 crore (up 10 per cent year-on-year) recorded in the fourth quarter alone. The growth was driven by new supply hitting the market with strong contributions from NCR and other key cities.

This comes at a time when India’s housing market is showing early signs of moderation after a strong post-pandemic run, with analysts flagging softer demand sentiment, delayed project launches, and rising input costs amid global geopolitical uncertainties.

Irfan Razack, Chairman and Managing Director, Prestige Group

Irfan Razack, Chairman and Managing Director, Prestige Group | Photo Credit: G R N SOMASHEKAR

The company has launched 15 projects worth Gross Development value (GDV) of approximately ₹26000-27000 crore throughout the year.

Steady Demand

The company witnessed sustained traction across its key markets, supported by steady demand for well-located, high-quality developments. Sales momentum remained consistent across both new launches and ongoing inventory, said Prestige.

Performance during the year was underpinned by healthy contributions from markets including Bengaluru, NCR, Mumbai, Hyderabad, and Chennai. FY26 also marks the first time the company has crossed ₹30,000 crore in annual pre-sales, reflecting the scale and depth of its operations across markets.

Commenting on the performance, Irfan Razack, Chairman and Managing Director, said, “We are closing FY26 on a strong note, with steady sales momentum through the year and a good finish in the fourth quarter. Demand across our key markets has remained encouraging, and our focus on quality, location, and timely execution continues to resonate well with customers. With a robust pipeline of upcoming launches across geographies, we are optimistic about sustaining this momentum in the coming year.”

Published on April 8, 2026