Prestige Estates Q3 sales bookings rise of Rs 4,268 crore in FY22
Real Estate

Prestige Estates Q3 sales bookings rise of Rs 4,268 crore in FY22

Prestige Estates recorded a more than two-fold increase in sales bookings for the quarter ended December, reaching a new high of Rs 4,267.6 crore. In the previous fiscal year, the company's sales bookings totalled Rs 2,026 crore.

The Bengaluru-based Prestige group also recorded its highest-ever quarterly revenue of Rs 2,431.6 crore in the December quarter, up 70% year on year.

The company's sales bookings increased by 97% from April to December 2021, to Rs 7,113.4 crore, compared to Rs 3,610.3 crore in the same period the previous year.

During the first nine months of this fiscal year, receipts increased by 51% to Rs 5,005.4 crore, compared to Rs 3,307.6 crore in the same period last year.

The company intends to continue expanding its presence in high-growth opportunity markets.

With a launch pipeline of over 15 million sq ft, the business anticipates increased sales bookings in 2022.

In India, the Prestige Group has 12 locations. The company has completed 255 projects with a total developable area of 144 million sq ft and is now working on 47 projects with a total developable area of 58 million sq ft across all segments.

It also contains a land bank with a potential developable area of about 27 million sq ft and 79 million sq ft under planning.

By establishing its indelible mark across all asset classes over the last decade, the Prestige Group has firmly established itself as one of India's top and most successful real estate developers. CMD Irfan Razack was the driving force behind the company's founding in 1986, which was led by his brothers Rezwan and Noaman Razack.

Image Source

Prestige Estates recorded a more than two-fold increase in sales bookings for the quarter ended December, reaching a new high of Rs 4,267.6 crore. In the previous fiscal year, the company's sales bookings totalled Rs 2,026 crore. The Bengaluru-based Prestige group also recorded its highest-ever quarterly revenue of Rs 2,431.6 crore in the December quarter, up 70% year on year. The company's sales bookings increased by 97% from April to December 2021, to Rs 7,113.4 crore, compared to Rs 3,610.3 crore in the same period the previous year. During the first nine months of this fiscal year, receipts increased by 51% to Rs 5,005.4 crore, compared to Rs 3,307.6 crore in the same period last year. The company intends to continue expanding its presence in high-growth opportunity markets. With a launch pipeline of over 15 million sq ft, the business anticipates increased sales bookings in 2022. In India, the Prestige Group has 12 locations. The company has completed 255 projects with a total developable area of 144 million sq ft and is now working on 47 projects with a total developable area of 58 million sq ft across all segments. It also contains a land bank with a potential developable area of about 27 million sq ft and 79 million sq ft under planning. By establishing its indelible mark across all asset classes over the last decade, the Prestige Group has firmly established itself as one of India's top and most successful real estate developers. CMD Irfan Razack was the driving force behind the company's founding in 1986, which was led by his brothers Rezwan and Noaman Razack. Image Source

Next Story
Infrastructure Energy

NTPC Signs $11.5 Billion Clean Energy Deals in Chhattisgarh

Juniper Green Energy has successfully commissioned a 100-MW solar power project aimed at supplying electricity to Bhutan, marking a significant milestone in regional energy integration. According to the company's statement, the project facilitates a crucial cross-border agreement allowing Bhutan to receive 50% of the power generated during the winter months. This arrangement permits Bhutan to directly import power from an Indian generator under an established bilateral trade framework. Located in Rajasthan, the solar project contributes a total generation capacity of 100 MW. Highlighting the..

Next Story
Infrastructure Energy

Juniper Green Commissions 100-MW Solar Project for Bhutan

The New Delhi Municipal Council (NDMC) held its first council meeting since the Delhi Assembly polls focusing on a comprehensive Summer Action Plan aimed at achieving 100% solar energy adoption by 2026. The meeting, led by MP Bansuri Swaraj, began with the swearing-in of three new NDMC members — Delhi Minister and New Delhi MLA Parvesh Sahib Singh, Delhi Cantt. MLA Virender Singh Kadian, and Ravi Kumar Arora, Additional Secretary of the Ministry of Housing and Urban Affairs. Solar Energy Push NDMC Vice Chairman Kuljeet Singh Chahal announced the civic body's ambitious solar energy plans, ..

Next Story
Infrastructure Energy

NDMC Pushes for 100% Solar Energy by 2026

Mumbai-based energy storage startup AmpereHour Energy has raised $5 million from Avaana Capital, with participation from UC Impower and other angel investors. Founded in 2017 by IIT Bombay alumni, AmpereHour Energy focuses on building AI/ML-enabled Energy Storage Systems ranging from kW/kWh scale systems for Mini-grids to MW/MWh scale systems compatible with solar PV and wind plants. The systems are designed to be plug-and-play, integrated with the company’s proprietary Energy Management platform, Elina. The fresh capital will be directed towards expanding manufacturing and software capabi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?