Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
The proposed project is planned as a premium residential development, targeting rising demand in Mumbai’s western suburbs. Versova remains a key micro-market due to its strong social infrastructure, connectivity, and proximity to major commercial hubs.
The company said the move aligns with its strategy to expand in high-demand, supply-constrained urban markets. Mumbai continues to be a focus geography for Prestige as it looks to strengthen its presence in established residential clusters.
Prestige Group has a diversified real estate portfolio spanning residential, commercial, retail, hospitality, and integrated townships. As of December 2025, the group has delivered 313 projects covering 206 million square feet and has a pipeline of 128 projects spanning 195 million square feet.
The company's consolidated net profit surged over twelve-fold to Rs 222.6 crore in Q3 FY26, from Rs 17.7 crore recorded in Q3 FY25. Revenue from operations soared 134.06% YoY to Rs 3872.6 crore in Q3 FY26.
The company witnessed sustained traction across its key markets during the year, driven by steady demand for well-located, high-quality developments. Sales momentum remained consistent across both new launches and ongoing inventory, reflecting resilient end-user demand.
The realtor said that performance during the year was underpinned by healthy contributions from geographies including Bengaluru, NCR, Mumbai, Hyderabad, and Chennai. FY26 also marks the first time the company has crossed Rs 30,000 crore in annual pre-sales, reflecting the scale and depth of its operations across markets.
Irfan Razack, chairman and managing director, said: “We are happy to close FY26 on a strong note, with steady sales momentum through the year and a good finish in the fourth quarter. Demand across our key markets has remained encouraging, and our focus on quality, location, and timely execution continues to resonate well with customers. With a robust pipeline of upcoming launches across geographies, we are optimistic about sustaining this momentum in the coming year.”
Prestige Group is a diversified real estate developers, with a portfolio spanning residential, commercial, retail, hospitality, and integrated townships across major cities. As at December 2025, the Group has delivered 313 projects spanning 206 mn sft and currently has a pipeline of 128 projects across 195 mn sft.
The company’s consolidated net profit surged over twelve-fold to Rs 222.6 crore in Q3 FY26, from Rs 17.7 crore recorded in Q3 FY25. Revenue from operations soared 134.06% YoY to Rs 3872.6 crore in Q3 FY26.
Oberoi Realty Ltd lost 5.18% today to trade at Rs 1566.3. The BSE Realty index is down 0.49% to quote at 6487.11. The index is down 5.57 % over last one month. Among the other constituents of the index, Sobha Ltd decreased 1.91% and Prestige Estates Projects Ltd lost 1.33% on the day. The BSE Realty index went down 12.8 % over last one year compared to the 7.96% surge in benchmark SENSEX.
Oberoi Realty Ltd has lost 6.48% over last one month compared to 5.57% fall in BSE Realty index and 2.03% drop in the SENSEX. On the BSE, 3561 shares were traded in the counter so far compared with average daily volumes of 32459 shares in the past one month. The stock hit a record high of Rs 2023.7 on 21 Jan 2025. The stock hit a 52-week low of Rs 1440.05 on 07 Apr 2025.
Collections for the quarter came in at Rs 4,547.5 crore, up 40% year-on-year, reflecting healthy demand and execution momentum.
The geographical sales mix remained well diversified, with Mumbai contributing 36%, Bengaluru 25%, Hyderabad 16%, NCR 16%, Chennai 5% and Kochi 2% of total sales, during the quarter.
Average realization during the quarter stood at Rs 14,459 per square feet (sq. ft.), reflecting a 6% year-on-year growth.
The company said that it expects the exit rentals from the office portfolio for FY26 to be Rs 828.6 crore. Upon completion of its ongoing construction pipeline, office annuity income is projected to scale up to around Rs 4,000 crore by FY30, significantly strengthening Prestige’s long-term recurring income profile.
Under retail portfolio, total mall footfalls during Q3 FY26 stood at 5.2 million. Gross Turnover (GTO) across malls was Rs 701.5 crore, reflecting a 14% year-on-year growth, indicating sustained strength in retail consumption and tenant performance. Exit rentals from the retail portfolio are expected to be Rs 275.4 crore in FY26. With 13 malls in the development pipeline, exit rentals are projected to grow to around Rs 1,092.0 crore by FY30, significantly scaling Prestige’s retail annuity platform.
Irfan Razack, chairman & managing director, Prestige Estates Projects, said: “The record-breaking performance delivered in the first nine months of FY26 is a strong validation of the demand environment for our portfolio and the strength of our execution platform. Achieving our highest-ever sales and collections — surpassing even previous full-year peaks within just nine months, reflects the trust customers continue to place in the Prestige brand and the consistency of our market positioning.
We have built a well-diversified portfolio across geographies and across asset classes, with a healthy mix of residential development complemented by stable and growing annuity income from our oƯice and retail assets. This diversification provides resilience to market cycles and helps insulate the business from short-term fluctuations in any single market or segment.”
Meanwhile, the company announced the launch of Evergreen at Prestige Raintree Park, its latest premium residential development located in Whitefield, Bengaluru. The development is planned on approximately 24 acres of land and comprises around 2,000 apartments, with a total saleable area of 3.2 million square feet. Apartments prices start at around Rs 92 lakh onwards, with an estimated gross development value (GDV) of about Rs 5,000 crore.
Prestige Group is a diversified real estate developers, with a portfolio spanning residential, commercial, retail, hospitality, and integrated townships across major cities. As at September 2025, the Group has delivered 310 projects spanning 202 million sq.ft and currently has a pipeline of 130 projects across 199 million sq.ft.
The company’s consolidated net profit surged 123.88% to Rs 430.3 crore on 5.52% increase in revenue from operations to Rs 2431.7 crore in Q2 FY26 over Q2 FY25.
Prestige Group, through Canopy Living LLP, a joint venture between Prestige Estates Projects and Arihant Foundations & Housing, has signed an agreement to sell for the purchase of a land parcel measuring 16.381 acres located at Padi, Chennai.
The land parcel is strategically located in close proximity to Anna Nagar, one of Chennai's most established and prime residential micro-markets, known for its strong social infrastructure, connectivity, and mature residential character.
This acquisition is aligned with Prestige Group's strategy of strengthening its presence in high-quality urban locations, while maintaining a disciplined approach to capital allocation. Prestige Group continues to evaluate well-located land acquisition opportunities across key markets to support its future residential and mixed-use development pipeline.
The acquisition aligns with Prestige Group’s strategy to strengthen its presence in high-quality urban locations while maintaining a disciplined approach to capital allocation.
Prestige Group said it continues to evaluate well-located land acquisition opportunities across key markets to support its future residential and mixed-use development pipeline.
Prestige Group is a diversified real estate developers, with a portfolio spanning residential, commercial, retail, hospitality, and integrated townships across major cities. As at June 2025, the Group has delivered 310 projects spanning 202 million square feet and currently has a pipeline of 130 projects across 199 million square feet.
The scrip declined 1.91% to currently trade at Rs 1,587.65 on the BSE.
IT, realty and FMCG shares declined while metal, PSU bank and oil & gas stocks advanced.
At 09:25 IST, the barometer index, the S&P BSE Sensex declined 125.79 points or 0.15% to 85,441.69. The Nifty 50 index fell 22.80 points or 0.09% to 26,149.60.
In the broader market, the S&P BSE Mid-Cap index shed 0.24% and the S&P BSE Small-Cap index dropped 0.04%.
The market breadth was positive. On the BSE, 1,726 shares rose and 1,162 shares fell. A total of 189 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 457.34 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,058.22 crore in the Indian equity market on 22 December 2025, provisional data showed.
Numbers to Track: .
The yield on India's 10-year benchmark federal paper rose 0.33% to 6.691 compared with previous session close of 6.669.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 89.6300 compared with its close of 89.6850 during the previous trading session.
MCX Gold futures for 5 February 2026 settlement advanced 1.06% to Rs 138,195.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.18% to 98.09.
The United States 10-year bond yield declined 0.36% to 4.154.
In the commodities market, Brent crude for February 2025 settlement fell 4 cents or 0.06% to $62.03 a barrel.
Stocks in Spotlight:
Prestige Estates Projects shed 0.09%. The company has announced the acquisition of a 25-acre land parcel in Medavakkam, Chennai with a development potential of approximately 5 million square feet. The project is estimated to generate top-line revenue of over Rs 5,000 crore.
GPT Infraprojects rallied 5.89% after the company said that its consortium with ISCPPL has been declared L1 (First Lowest) in order valued at Rs 670 crore for construction of four lane elevated road in Jodhpur city.
Saatvik Green Energy rose 1.20% after the company’s material subsidiary, Saatvik Solar Industries has received an order aggregating to Rs 486 crore from one renowned Independent Power producers/EPC Players for supply of solar PV modules.
Global markets:
Asia market advanced on Tuesday, after AI trade lifted major Wall Street indexes overnight.
Nvidia shares rose more than 1% after media reports said that the company was looking to start shipments of its H200 chips to China by mid-February.
In Southeast Asia, Singapore will release its November inflation reading, with media reports stating that the city-state’s inflation rate is expected to have climbed to its highest in 2025.
Overnight in the U.S., the S&P 500 gained 0.64%, posting its third positive day in a row. The Dow Jones Industrial Average advanced 0.47%, and the Nasdaq Composite climbed 0.52%.