Prestige Q1 pre-sales drop 46% to ₹6,579 crore, but mall business shines with 18% GTO growth
Prestige Estates' Q1FY27 pre-sales fell 45.74% YoY to ₹6,579 crore on a high base, with sales volume down 36.75% to 6.04 msf and 3,337 units sold. Its retail mall portfolio outperformed: gross turnover rose 18% to ₹737 crore, footfalls hit 5.2 million, and exit retail rentals reached ₹277.6 crore. Festive marquee launches are planned across major cities.
Prestige Estates' Q1FY27 pre-sales fell 46% to ₹6,579 crore on high base. Its retail mall portfolio grew, posting ₹737 crore GTO (up 18%) and 5.2 million footfalls, with festive-season marquee launches planned across major cities.