In a regulatory filing, Prestige Estates said the company sold 2.86 million sq ft during April-June as against 3.83 million sq ft in the same period of the previous year.
A total of 1,364 units were sold in the first quarter of 2024-25.
The average charge for apartments, villas and commercial space is Rs. 11,934 per sq ft, up 16 percent year-on-year (YoY).
The average plot collection is Rs. 7,285 per sq ft, up 46 per cent year-on-year.
“We are pleased with our performance in Q1 FY25, which reflects our strong market presence. Despite delays in approvals and project launches during the election period, we still crossed the commendable sales mark of Rs 3,000 crore,” Irfan Razak, Chairman And Managing Prestige Estate Projects Director Dr.
He said the company has maintained a healthy mix of sales from its top geographies – Bengaluru (43 per cent), Hyderabad (32 per cent) and Mumbai (23 per cent).
“In the coming quarters, we look forward to launching an extensive pipeline of projects across various geographies,” Razak said.
These projects will further strengthen its market position, he said.
Prestige Group, one of the country’s leading real estate developers, constructs residential, office, retail, hospitality and warehouse projects.
Prestige Group has completed 300 projects spread over 190 million square feet of developable area.
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