Prestige Estates stock outlook: Motilal Oswal sees 29% upside on strong launches, check target price
Prestige Estates Projects shares closed 2.10% lower at Rs 1,422 on Tuesday. The stock opened at Rs 1,462.45 and touched a high of Rs 1,462.55 and a low of Rs 1,420.25, against its previous close of Rs 1,452.45.
- Sep 29, 2026,
- Updated Sep 29, 2026 4:53 PM IST
Shares of real estate major Prestige Estates Projects Ltd is in focus after Motilal Oswal Financial Services retained its 'Buy' rating on the real estate company. The brokerage maintained a target price of Rs 1,830, implying an upside of around 29% from the current market price of Rs 1,422. The brokerage cited the company's strong project launch pipeline, business-development activity and improving growth visibility as key factors behind its view. It expects Prestige Estates to deliver healthy pre-sales growth, supported by new launches and existing inventory.
Prestige Estates has launched three projects in the second quarter of FY27 with a combined gross development value (GDV) of Rs 4,000 crore. These include Prestige Parklane in Bengaluru, with a GDV of Rs 1,750 crore, Prestige Palm Court in Chennai at Rs 1,220 crore and Garden Breeze at TPC Sarjapur in Bengaluru at Rs 1,050 crore. Including the first quarter, the company has launched projects worth Rs 16,200 crore in the first half of FY27 and plans to launch 23 projects with a combined developable area of 57.1 million sq ft and aggregate GDV of Rs 57,300 crore in FY27.
Prestige Estates Projects shares closed 2.10% lower at Rs 1,422 on Tuesday. The stock opened at Rs 1,462.45 and touched a high of Rs 1,462.55 and a low of Rs 1,420.25, against its previous close of Rs 1,452.45.
According to Motilal Oswal's channel checks, the three projects launched in the second quarter received an encouraging response at the expression-of-interest stage, resulting in healthy sales conversion. The brokerage expects strong bookings across the projects, while Prestige Estates' existing inventory of around Rs 24,500 crore as of the first quarter is also expected to support pre-sales. It expects second-quarter pre-sales of Rs 6,500-7,000 crore, up 10-15% year-on-year.
The brokerage also highlighted Prestige Estates' recent business-development activity. The company added three projects worth around Rs 17,800 crore in GDV in the first quarter, while it has announced business-development deals worth around Rs 11,600 crore in the Mumbai Metropolitan Region and National Capital Region in the second quarter so far.
Motilal Oswal expects further additions to improve growth visibility and maintains its estimate of 14% CAGR in pre-sales to around Rs 38,800 crore over FY26-28.
Shares of real estate major Prestige Estates Projects Ltd is in focus after Motilal Oswal Financial Services retained its 'Buy' rating on the real estate company. The brokerage maintained a target price of Rs 1,830, implying an upside of around 29% from the current market price of Rs 1,422. The brokerage cited the company's strong project launch pipeline, business-development activity and improving growth visibility as key factors behind its view. It expects Prestige Estates to deliver healthy pre-sales growth, supported by new launches and existing inventory.
Prestige Estates has launched three projects in the second quarter of FY27 with a combined gross development value (GDV) of Rs 4,000 crore. These include Prestige Parklane in Bengaluru, with a GDV of Rs 1,750 crore, Prestige Palm Court in Chennai at Rs 1,220 crore and Garden Breeze at TPC Sarjapur in Bengaluru at Rs 1,050 crore. Including the first quarter, the company has launched projects worth Rs 16,200 crore in the first half of FY27 and plans to launch 23 projects with a combined developable area of 57.1 million sq ft and aggregate GDV of Rs 57,300 crore in FY27.
Prestige Estates Projects shares closed 2.10% lower at Rs 1,422 on Tuesday. The stock opened at Rs 1,462.45 and touched a high of Rs 1,462.55 and a low of Rs 1,420.25, against its previous close of Rs 1,452.45.
According to Motilal Oswal's channel checks, the three projects launched in the second quarter received an encouraging response at the expression-of-interest stage, resulting in healthy sales conversion. The brokerage expects strong bookings across the projects, while Prestige Estates' existing inventory of around Rs 24,500 crore as of the first quarter is also expected to support pre-sales. It expects second-quarter pre-sales of Rs 6,500-7,000 crore, up 10-15% year-on-year.
The brokerage also highlighted Prestige Estates' recent business-development activity. The company added three projects worth around Rs 17,800 crore in GDV in the first quarter, while it has announced business-development deals worth around Rs 11,600 crore in the Mumbai Metropolitan Region and National Capital Region in the second quarter so far.
Motilal Oswal expects further additions to improve growth visibility and maintains its estimate of 14% CAGR in pre-sales to around Rs 38,800 crore over FY26-28.