Prestige Group Targets ₹30,000 Crore Pre-Sales in FY26 Amidst Stable Real Estate Market
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CNBC TV18•30-01-2026, 11:53
Prestige Group Targets ₹30,000 Crore Pre-Sales in FY26 Amidst Stable Real Estate Market
- •Prestige Group believes India's real estate market is stable if developers avoid aggressive pricing and speculative behavior.
- •The company reported ₹38,726 crore revenue and ₹2,447 crore net profit in Q3FY26.
- •Prestige Group has already achieved ₹22,000 crore in pre-sales for FY26 and aims for ₹30,000 crore by year-end.
- •CMD Irfan Razack highlighted the lack of input tax credit under GST and double taxation on joint development of commercial properties as key industry pain points.
- •Prestige Group maintains a cautious approach in the NCR market, focusing on genuine homebuyers to avoid volatility.
Why It Matters: Prestige Group targets ₹30,000 crore pre-sales in FY26, advocating price stability and addressing GST issues.
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