A sharp rise in quarterly home sales by Prestige Estates Projects has underscored the continued resilience of India’s large-city housing markets, even as affordability pressures and infrastructure constraints shape buyer choices. The Bengaluru-headquartered developer recorded a significant jump in bookings during the December quarter of the current financial year, pointing to sustained demand for organised residential supply across multiple metropolitan regions.
According to regulatory disclosures, Prestige Estates closed the third quarter with sales bookings of just over Rs 4,180 crore, marking a strong year-on-year expansion. More striking is the cumulative performance: pre-sales during the first nine months of the financial year crossed Rs 22,300 crore, already exceeding several previous full-year benchmarks. Industry analysts see this as evidence that end-user demand in well-located, professionally developed projects remains robust, particularly in cities where employment growth and infrastructure investment are aligned. Sales volumes provide further insight into this trend. Nearly 3 million square feet of residential space was sold during the quarter, taking the nine-month total close to 17 million square feet. Unit sales followed a similar trajectory, with over 1,800 homes transacted in the quarter and close to 8,600 units sold since April. This scale of absorption suggests that buyers are prioritising delivery certainty, regulatory compliance, and access to urban amenities over speculative considerations.
The geographical spread of sales highlights how demand is no longer concentrated in a single market. Mumbai emerged as the largest contributor during the quarter, followed by Bengaluru, Hyderabad and the Delhi-NCR region, while Chennai and Kochi added incremental volumes. Urban planners note that such diversification reflects shifting migration patterns, the expansion of mass transit networks, and renewed interest in mixed-use neighbourhoods that reduce commute times and carbon intensity. Pricing trends also reveal a measured market. Average realisations rose modestly year-on-year to around Rs 14,500 per square foot, indicating steady appreciation rather than overheating. This balance is critical for long-term urban sustainability, as sharp price spikes can exclude first-time buyers and push development towards peripheral, car-dependent locations. Prestige Estates’ current performance sits within a larger development pipeline spanning residential, commercial and hospitality assets across India’s major cities. As of the end of the September quarter, the group had completed more than 300 projects and continued to plan new supply in growth corridors linked to public transport and social infrastructure.
Looking ahead, experts caution that sustaining this momentum will depend on timely project execution, climate-responsive design, and coordination with city authorities on water, mobility and energy systems. For homebuyers and city economies alike, the real test will be whether strong sales translate into liveable, inclusive and resource-efficient urban communities.
Also Read: Gurugram Property Pipeline Expands With Major Investments
Prestige Estates Sales Reflect Multi City Buyer Confidence
