Prestige Estates Projects has reported more than two-fold jump in sale bookings to Rs 5,326.1 crore for the third quarter of this fiscal (Q3 FY24) driven by strong demand for residential properties. During the quarter, Prestige Estates sold 5.46 million square feet area with an average realisation of Rs 9,762 per square feet (for apartments /villas).
In April-December FY24, Prestige Estates' sale bookings rose 81 per cent annually to Rs 16,333.4 crore. The company sold 16.13 million square feet area with an average realisation of Rs 10,143 per square feet (for apartments/ villas). The number of units sold in the first nine months and the third quarter of this fiscal stood at 8,402 and 2,467, respectively.
Prestige Estates 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.
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
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