Prestige Estates Projects’ sales bookings rose by 20 percent year-on-year to a record of Rs 5,460.8 crore in the last fiscal year (FY21) on better demand for its properties despite the COVID pandemic. In volume terms, sales bookings increased by 25 percent to 8.16 million sq ft. The average sales realisation was at Rs 6,689 per sq ft in FY21. Prestige group collected record Rs 5,075.2 crore from customers against sales bookings, up 9 percent from 2019-20 financial year. During the last fiscal, Prestige group had launched 11.85 million sq ft in FY21.
Despite the challenging environment, Prestige has recorded highest ever sales and collections during the fiscal year. The record sales were backed by the great response to its newly launched projects as well as ready to move in inventory. The strong performance reflected the increasing consumer preference to own a Prestige group's residential property.
Prestige Estate Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.
