Prestige Group has said it is sitting on nearly ₹65,000 crore of unrecognised revenue, highlighting the strong sales momentum the Bengaluru-based real estate developer has achieved in recent years. The amount represents revenue from homes and commercial properties already sold but not yet recognised in the company’s financial statements, as accounting rules require developers to book revenue only after projects reach specified stages of completion.
Chairman and Managing Director Irfan Razack described the figure as a significant indicator of the company’s future earnings visibility. He said the large revenue pipeline reflects robust customer demand and provides confidence about Prestige’s long-term growth prospects. According to the company, the unrecognised revenue is spread across multiple residential and commercial projects currently under various stages of construction.
Prestige Group has been one of the country’s strongest-performing real estate developers, driven by sustained demand for premium housing, luxury apartments and mixed-use developments. The company has also expanded its presence beyond southern India, strengthening operations in cities such as Mumbai, Delhi-NCR and Hyderabad.
The company has witnessed strong pre-sales over the past few years, supported by rising homebuyer confidence, improving affordability and continued demand for branded residential projects. Prestige expects this momentum to continue as urban housing demand remains resilient despite higher property prices and elevated interest rates.
Executives said the company remains focused on timely project execution and delivery, which will enable the gradual recognition of the pending revenue in future quarters. They also expressed confidence in maintaining growth through new project launches and continued expansion into key property markets.
Also Read: Persistent Systems slumps 8% after Nagarro deal sparks concerns