Prestige Estates' malls run at 99% occupancy as broker flags 32% upside to ₹1,830

Retail assets clocked 99% occupancy and offices 92%, anchoring annuity cash flows alongside ₹30,000 cr FY26 pre-sales (+76% YoY) and ₹18,500 cr collections (+53%). Hospitality added ₹1,050 cr revenue and ₹400 cr EBITDA. Broker maintains Buy with ₹1,830 target on ₹68,000 cr FY27 launch pipeline across Bengaluru, Chennai, Mumbai, NCR and Hyderabad.

— Source publishedMon, 25 May, 2026, 18:48 IST·First seen Mon, 25 May, 2026, 18:51 IST·Source The Hindu BusinessLine

What happened

Prestige Estates' retail assets ran at 99% occupancy and office at 92%, supporting annuity cash flows. FY26 pre-sales hit ₹30,000 cr; broker maintains Buy with

Key facts

  • Target ₹1,830
  • CMP ₹1,400.70
  • FY26 pre-sales ₹30,000 cr (+76% YoY)
  • Collections ₹18,500 cr (+53%)
  • Retail occupancy 99%
  • Office occupancy 92%
  • Hospitality revenue ₹1,050 cr
  • Hospitality EBITDA ₹400 cr
  • FY27 launch pipeline ₹68,000 cr
  • FY26 GDV added ₹50,000 cr
  • FY27 guidance 15-20% growth
  • 32% upside

Why this matters

The ₹68,000 cr multi-city launch pipeline and scaling hospitality vertical (₹1,050 cr revenue) signal appetite for land tie-ups, JDAs and selective hotel/retail asset acquisitions.