More Stories

Informist, Thursday, Nov. 13, 2025

By Arundathi A R and Anjana Therese Antony

MUMBAI – Prestige Estates Projects Ltd. does not want to raise prices, saying that doing so would be counterproductive as it could weaken demand and reduce affordability. "I wouldn't want the price to go up because then we are only shooting ourselves in the feet," a senior management official said in a post-earnings call with analysts Thursday. The company said average realisation continues to get strengthened, with apartment prices rising 8% on year to nearly INR 15,000 per square foot and slot realisations increasing 43% to INR 9,500 per sq ft.

Even though demand remains strong across segments, particularly for luxury properties priced between INR 500 million and INR 750 million, it remains to be seen whether this trend will sustain. "There is only one small amount of people that can afford it. So let us see...Wherever there is the demand, we'll take it as it comes," said a top official.

On the business development front, the company said it will continue to build a strong pipeline to support future growth. "Our pipeline is beyond INR 55,000 crores (INR 550 billion), which we have already disclosed as the upcoming pipeline," the management said. Sustained demand across key markets and a healthy pipeline of launches helped the company to achieve sales and collections of INR 181.44 billion in the first half of 2025-26 (Apr-Mar).

Prestige Estates said it expects to launch four new projects in the December quarter. "I believe that four projects can get launched this quarter itself, which is the Marigold Phase-2... then we've got Prestige City, Fernvale, as well as Eaton Park, both in Prestige City, Sarjapur. And then we have got, in Raintree Park, the Evergreen component," a senior official said during the call. The company will close a big project in Thane soon, the management said.

The company expects its debt-equity ratio to remain at the 0.5 level. "I think it will remain within 0.5 levels because in the next couple of quarters, I think we'll get our hospitality IPO done," a top official said. The company's hospitality arm, Prestige Hospitality Ventures Ltd., received approval from the Securities and Exchange Board of India on Aug. 6 for an initial public offering to raise up to INR 27 billion. The company's net debt stood at INR 73.20 billion as of Sept. 30.

The management said the company is committed to outperforming itself and will take measures to safeguard both its cash flows and bottom line. The real-estate player reported a net cash flow of INR 14.81 billion from operating activities for the September quarter.

The management is optimistic about rising demand, especially in Noida, Gurugram, and the rest of the National Capital Region, which continues to offer many opportunities for the company. It also said recent layoff trends in Bengaluru and Hyderabad are not a cause for concern.

Prestige Estates announced its September quarter results Wednesday after market hours. It reported a consolidated net profit of INR 4.30 billion for the quarter, up 124% on year, on a consolidated revenue of INR 24.32 billion, up over 5% on year. Thursday, shares of the company closed over 3% higher at INR 1,755.20 on the National Stock Exchange.  End

Edited by Subhojit Sarkar

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.