Prestige Estates sales up by 20%
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New Delhi: Realty firm Prestige Estates Projects Ltd's sales bookings rose by 20 per cent year-on-year to a record of Rs 5,460.8 crore in the last fiscal year on better demand for its properties despite the Covid pandemic.
According to an investors presentation, the Bengaluru-based firm has achieved record sales of Rs 5,460.8 crore during 2020-21 financial year. In volume terms, sales bookings increased by 25 per cent to 8.16 million sq ft. The average sales realisation was at Rs 6,689 per sq ft in FY21. Prestige group collected record Rs 5,075.2 crore from customers against sales bookings, up 9 per cent from 2019-20 financial year. During the last fiscal, Prestige group had launched 11.85 million sq ft in FY21. Prestige Group Chairman Irfan Razack said:
