Prestige Estates Among Top 3 Real Estate Stock Picks for FY26 by Axis Securities
Axis Securities remains bullish on the real estate sector for FY26, with Prestige Estates, SignatureGlobal India, and Arvind Smartspaces topping their stock picks. Despite a muted Q4FY25, these companies are expected to see robust growth in bookings and pre-sales.
Real EstateStock PicksAxis SecuritiesPrestige EstatesSignatureglobal IndiaReal Estate NewsJun 05, 2025
Prestige Estates Projects
Prestige reported pre-sales of Rs 6,957 crore in Q4FY25, marking a 48% YoY jump, aided by large end-of-quarter launches like Prestige Southern Star and Spring Heights. Though FY25 pre-sales of Rs 17,000 crore missed its earlier Rs 24,000 crore guidance, they were in line with Axis Securities’ post-Q3 expectations. The company now guides for Rs 27,000 crore in FY26 pre-sales, including Rs 12,000 crore in Q1. Its annuity business remained robust, with 90% office and 99% retail occupancy, and rental income poised to rise significantly by FY29.
SignatureGlobal India
SignatureGlobal clocked Rs 1,620 crore in Q4FY25 pre-sales, down 42% QoQ due to delayed launches, but still exceeded FY25 guidance with Rs 10,290 crore in total pre-sales. It launched Rs 13,800 crore worth of projects in FY25 and targets Rs 17,000 crore in FY26, focusing on key markets like SPR, Dwarka Expressway, and Sohna Corridor. With FY25 collections rising 41% YoY to Rs 4,380 crore and net debt reduced to Rs 880 crore, Axis Securities highlights the company’s strong cash flow discipline and premium housing momentum.
Arvind Smartspaces
Arvind reported Rs 1,271 crore in pre-sales for FY25, missing its growth guidance due to unexecuted launches. However, it has lined up Rs 4,000 crore worth of launches for FY26 across Bengaluru, Gujarat, and MMR. Projects like Aqua City and The Park achieved near-total bookings at launch, supporting strong momentum. Axis Securities notes Arvind’s asset-light model, high referral-driven sales, and business development capex of Rs 1,000 crore, expected to unlock Rs 5,000 crore in topline potential in the coming year.
Frequently Asked Questions
What is the outlook for the real estate sector in FY26 according to Axis Securities?
Axis Securities remains constructive on the real estate sector for FY26, despite a muted Q4FY25. They expect strong demand in premium housing and robust absorption trends, with companies guiding for 25–30% growth in bookings.
What are the key highlights of Prestige Estates' performance in Q4FY25?
Prestige Estates reported pre-sales of Rs 6,957 crore in Q4FY25, marking a 48% YoY jump. The company now guides for Rs 27,000 crore in FY26 pre-sales, including Rs 12,000 crore in Q1. Its annuity business remains robust with 90% office and 99% retail occupancy.
How did SignatureGlobal India perform in Q4FY25?
SignatureGlobal clocked Rs 1,620 crore in Q4FY25 pre-sales, down 42% QoQ due to delayed launches. However, it exceeded FY25 guidance with Rs 10,290 crore in total pre-sales. It targets Rs 17,000 crore in FY26, focusing on key markets like SPR, Dwarka Expressway, and Sohna Corridor.
What is Arvind Smartspaces' strategy for FY26?
Arvind Smartspaces has lined up Rs 4,000 crore worth of launches for FY26 across Bengaluru, Gujarat, and MMR. Projects like Aqua City and The Park achieved near-total bookings at launch. The company is focusing on an asset-light model and high referral-driven sales.
What are the key reasons for Axis Securities' bullish stance on these real estate companies?
Axis Securities is bullish on these companies due to their strong visibility on launches, solid pipelines, and execution strength. The companies also demonstrate robust demand in premium housing and strong cash flow discipline.
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