Indian real estate developer Prestige Estates reports a 23% decrease in Q1 sale bookings to ₹3,029 crore due to delayed new project launches.
Prestige Estates, an Indian real estate developer, reported a 23% decrease in Q1 sale bookings to ₹3,029 crore in FY24-25, attributed to delayed new project launches. Despite this, the company sold 2.86 million sq ft in Q1, with an average realisation increase of 16% for apartments, villas, and commercial spaces, and a 46% increase for plots. Chairman and Managing Director, Irfan Razack, expressed satisfaction and plans to launch new projects across diverse geographies.
July 11, 2024
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