Latest news with #PrestigeEstates
News18
7 days ago
- Business
- News18
Nifty Realty Index Jumps 4% on Q1 Pre-Sales Optimism; Prestige, Sobha Lead Gains
Last Updated: The Nifty Realty index continued its upward momentum for a fourth straight session on July 17; What investors need to know Nifty Realty Index: The Nifty Realty index continued its upward momentum for a fourth straight session on July 17, rising over 1% even as broader markets remained subdued. Nearly all index constituents traded in the green, with stocks like Prestige Estates, Sobha, and Brigade Enterprises gaining between 1% and 2% intraday. Over the past four trading days, the realty index has climbed 4%, significantly outperforming the benchmark Nifty 50, which remained largely flat. The recent rally has been fueled by strong Q1 pre-sales figures. Prestige Estates led the pack with a staggering 300% year-on-year (YoY) rise in bookings to Rs 12,126 crore. Sobha followed with a 26% YoY increase to Rs 1,717 crore, while Macrotech Developers posted a 10% growth to Rs 4,450 crore. After a tepid FY25 for new bookings, Q1FY26 has seen a sharp rebound—driven by a low base, easing approval bottlenecks, and robust demand. Brokerage Jefferies expects around 60% YoY growth in pre-sales for its coverage universe in Q1, citing strong launches and improving approvals. It also believes the sector could benefit from potential mortgage rate cuts, which may lead to upward revisions in estimates. Major launches that supported the surge included DLF's Rs 11,000 crore pre-sales at its Privana project in Gurgaon, Prestige's Rs 6,500–7,000 crore booking in the NCR region, Oberoi Realty's Rs 1,000 crore from Elysian Phase 2, and Godrej Properties' Rs 2,000 crore from a new project. Jefferies also noted the sector's strong financial health, supported by healthy cash flows and low leverage, as a key positive going forward. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
11-07-2025
- Business
- Mint
Prestige Estates' impressive Q1 pre-sales bring comfort; timely launches remain key
Prestige Estates Projects Ltd struggled with delayed approvals for new launches for most of FY25. But the scenario appears to be turning around. In the June quarter (Q1FY26), the real estate developer clocked pre-sales of ₹12,126 crore—its best-ever quarterly performance, up 300% year-on-year and 74% sequentially. This is in line with the management's guidance of over ₹10,000 crore for the quarter. With this, Prestige has achieved around 45% of its FY26 pre-sales guidance of ₹26,000– ₹27,000 crore. Also read: Prestige Estates makes room for a better FY26 as approval delays ease Strong collections, new markets Collections, too, hit a record ₹4,523 crore, up 55%, the highest in any quarter. The surge was aided by the launch of four residential projects spanning around 14.9 million square feet, up a massive 703% year-on-year. This includes Prestige's first-ever launch in the National Capital Region (NCR) — The Prestige City, Indirapuram. Geographically, NCR contributed the most at 59%, followed by Bengaluru at 21%, Mumbai at 12%, Hyderabad at 5%, and other cities at 3%. 'Prestige's aggressive diversification strategy has put the company in a sweet spot to tap into the ongoing housing upcycle. In addition to its stronghold in Bengaluru, Hyderabad and Mumbai Metropolitan Region (MMR), the developer is looking to establish a foothold in newer markets such as NCR, Chennai and Pune," Antique Stock Broking said in a 10 July report. Going forward, timely launches in H2FY26, sustained momentum in existing projects, and traction in new markets like Goa, Chennai, and Pune will be key. Also read: Fanciful to realistic: How real estate project names have changed Challenges ahead The NCR and the MMR, though promising, are intensely competitive markets. Consumer preferences here differ meaningfully from Prestige's southern strongholds. Getting the product, pricing and positioning right will be crucial. Any misstep could affect absorption and inventory turnover. Like all developers, Prestige's growth hinges on a steady supply of new projects. Delays in land acquisition, approvals or project closures could hinder momentum and impact the company's re-rating prospects. Over the past year, Prestige Estates stock has fallen 3.6%, outperforming the 12.8% drop in the Nifty Realty index. Annuity push Meanwhile, the company's annuity business—though smaller in scale—also saw healthy traction. Commercial office occupancy stood at 93.7%, with 1.21 million sq. ft. leased in Q1. Retail assets had 98.9% occupancy and robust consumption trends. With projects like Lake Shore Drive in Bengaluru and BKC Towers in Mumbai progressing, this vertical is slowly gaining strategic weight. A 9 July report by Nuvama Research noted: 'An improving launch trajectory and geographical diversification impel us to increase the NAV premium to 30%, from 20% earlier." However, the report also cautioned that Prestige's scaling up of annuity assets—spanning offices, retail and hospitality—could increase debt levels, posing a potential risk to balance sheet strength. Also read: Why DLF is walking on eggshells beyond Gurugram, its home turf
Business Upturn
10-07-2025
- Business
- Business Upturn
Prestige Estates shares rise as Q1 FY26 sales surge 300% to Rs 12,126 crore, highest-ever quarterly performance
By Aditya Bhagchandani Published on July 10, 2025, 09:38 IST Shares of Prestige Estates Projects Ltd. traded higher by over 1.2% at ₹1,670 on Wednesday morning after the company reported its best-ever quarterly sales and collections for the first quarter of FY26. In its business update, the real estate developer announced that sales in Q1 FY26 aggregated to ₹12,126.4 crore, registering an impressive 300% year-on-year growth. Sales volume also jumped sharply to 9.55 million square feet, up 234% YoY, with 4,718 units sold during the quarter. Average realization stood at ₹13,339 per square foot for apartments and ₹7,343 per square foot for plotted developments. Collections for the quarter also climbed by 55% YoY to ₹4,522.7 crore, further demonstrating strong operational performance. Prestige Estates launched four residential projects spanning 14.94 million square feet, including its first-ever project in the NCR market — The Prestige City, Indirapuram — which saw about 80% of its inventory sold at launch, reflecting robust demand and growing brand presence in North India. Commenting on the milestone quarter, Irfan Razack, chairman and managing director, said, 'Q1 FY26 has been a milestone quarter for Prestige, with significant progress across multiple fronts. The launch of The Prestige City in NCR received an exceptional response, showcasing customer confidence and our rising brand equity in the region. This achievement, coupled with our first completions in Mumbai, reinforces our execution capabilities in India's most dynamic markets.' The company's strong performance this quarter underscores its growing footprint in key markets, backed by a mix of plotted developments, integrated townships, and premium apartments, catering to diverse homebuyers. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
New Indian Express
08-07-2025
- Business
- New Indian Express
Sensex and Nifty close higher amid cautious trading ahead of India-US trade talks
CHENNAI: Indian equity markets witnessed a modest recovery on Tuesday after a subdued session, with key indices Sensex and Nifty closing with gains led by buying in the final hour of trading. Investor sentiment remained cautious following recent tariff announcements by US President Donald Trump affecting several countries. Market participants are now closely watching for updates on the India-US trade deal, expected to play a critical role in mitigating the impact of potential steep tariffs on Indian exports to the US. On Tuesday, the BSE Sensex rose by 270.01 points, or 0.32%, ending at 83,712.5, while the NSE Nifty 50 gained 61.2 points, or 0.24%, closing at 25,522.5. However, the broader market indices showed some weakness, with the Nifty MidCap 100 declining 0.17% and the Nifty SmallCap 100 falling 0.29%, indicating a cautious approach among investors beyond the large-cap stocks. Sectoral Performance The Nifty Realty index outperformed the broader market, advancing 0.99%, bolstered by strong gains in stocks such as Brigade Enterprises, Prestige Estates, DLF, Anant Raj, and Phoenix Mills. Other sectoral winners included Nifty Bank, Financial Services, Information Technology, and Energy, which managed to close with positive returns. Conversely, defensive and cyclical sectors such as Consumer Durables, Pharmaceuticals, Automobile, and Metals saw declines, reflecting investor concerns over global trade uncertainties and input cost pressures.
Time of India
25-06-2025
- Business
- Time of India
Realty breaks out: Nifty Realty outpaces Nifty 50, jumps 8% in a month, analysts pick these stocks with upside
The Nifty Realty index has surged 8% over the past month—outpacing the Nifty 50 's 1.4% gain—as real estate stocks continue to show resilience despite global market headwinds. Analysts told ET that despite some profit booking after the June 9 peak of 1,049.50, the realty index remains above key short- and long-term moving averages, signalling sustained upward momentum. 'The Nifty Realty index has managed to hold above its 20-day exponential moving average in three of the last seven sessions,' said Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Research at SBI Securities according to the report. 'This is a strong indicator of ongoing positive momentum.' Shah highlighted 990 as a key support level for the index, adding that a breakout above 1,040 could open upside potential towards 1,140–1,150. Among the top picks, Shah favours Oberoi Realty and Prestige Estates. He noted that Oberoi Realty is showing strong bullish signals on RSI and ADX indicators, with a breakout above Rs 1,970 potentially taking it to Rs 2,020–2,030. Prestige Estates, he said, remains steady and could test Rs 1,890–1,900 once it clears Rs 1,755 resistance. Ashish Chaturmohta, Managing Director and Fund Manager at Apex PMS, JM Financial Ltd., by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo offered a broader sector view. He was quoted as saying that India's real estate sector is currently in the middle of a typical 7–8 year upcycle. He attributes the recovery to improved affordability, falling interest rates, and increased pricing power among organised developers. 'The previous down cycle has made way for a shift towards organised developers,' Chaturmohta said. 'With stable stamp duties and falling inventory—from 42 months earlier to 16–17 months now—developers are in a strong position.' Chaturmohta also pointed to growing traction in premium housing, data centres, warehousing, and SEZs, backed by rising digital and logistics infrastructure needs. Analysts remain bullish on the sector, supported by low interest rates, strong balance sheets, and healthy demand—especially in urban redevelopment and premium housing segments. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
