Prestige Estates Among Top 3 Real Estate Stock Picks for FY26 by Axis Securities
Axis Securities remains optimistic about the real estate sector for FY26, despite a sluggish Q4FY25. The brokerage has identified Prestige Estates, SignatureGlobal India, and Arvind Smartspaces as top stock picks, citing strong demand and robust growth prospects.
Real EstateStock PicksAxis SecuritiesPrestige EstatesSignatureglobal IndiaReal EstateJun 04, 2025
Strong demand in premium housing and robust absorption trends continue to support a positive outlook, with companies guiding for 25–30% growth in bookings. Axis has reaffirmed ‘buy’ calls on select names, citing visibility on launches, solid pipelines, and execution strength. Here are the brokerage's top conviction ideas:
Prestige Estates Projects
Prestige Estates 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.
In conclusion, the real estate sector is poised for significant growth in FY26, driven by strong demand and robust company performance. Investors looking to capitalize on this trend should consider the top picks recommended by Axis Securities.
Frequently Asked Questions
What factors are driving the positive outlook for the real estate sector in FY26?
The positive outlook for the real estate sector in FY26 is driven by strong demand in premium housing, robust absorption trends, and companies guiding for 25–30% growth in bookings. Despite a muted Q4FY25, most companies have revised their FY26E launch guidance to incorporate spill-over launches.
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, aided by large end-of-quarter launches like Prestige Southern Star and Spring Heights. 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, 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.
Why did Arvind Smartspaces miss its growth guidance in FY25?
Arvind Smartspaces missed its growth guidance in FY25 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.
What are the key recommendations from Axis Securities for the real estate sector in FY26?
Axis Securities has reaffirmed ‘buy’ calls on select names in the real estate sector, citing visibility on launches, solid pipelines, and execution strength. The top picks include Prestige Estates, SignatureGlobal India, and Arvind Smartspaces, all of which are expected to perform well in FY26.
Related News Articles
Shahid Kapoor Buys ₹60 Crore Apartment in Mumbai's Worli Area
Shahid Kapoor and Mira Kapoor have purchased a sea-view apartment in Mumbai's Worli area for over ₹60 crore
Vinit Bolinjkar of Ventura Securities Sees Bright Future for Cantabil Retail and Fino Payment Bank
In a volatile market, Ventura Securities' Vinit Bolinjkar has identified two small-cap stocks—Cantabil Retail and Fino Payment Bank—that show strong potential for future growth. Learn why these stocks are worth considering for your investment portfolio.
Mumbai: Mall of Homes 2025 Expo Attracts Over 14,000 Visitors on Day One, Redefining the Real Estate Landscape
The inaugural day of the Mall of Homes 2025 Expo in Mumbai saw a significant influx of over 14,000 visitors, marking a strong start to the event. Key presentations, including the MMR Broking Market CY'24 Analysis Report by CRE Matrix, and a panel discussi
Promont: Redefining Luxury Living in Mumbai
Sheth Realty's flagship project, formerly known as Codename Younique, has been rebranded as Promont, symbolizing elevated luxury living. Located near key Mumbai hubs, this prestigious development offers a blend of modern amenities and prime location.
Odisha Court Mandates Rs 450 Crore Disbursement to Investors of Rose Valley Scam
The High Court of Odisha has directed the disbursement of Rs 450 crore to the investors affected by the Rose Valley group scam. This landmark decision is a significant step towards justice for thousands of aggrieved investors who have been waiting for yea
Bhandup's Luxe Leap: Landmark Penthouse Sales Signal Real Estate Evolution
The eastern suburb of Bhandup has witnessed a significant shift in its real estate market with the landmark sale of several high-end penthouses, positioning it as a burgeoning micro-market to watch.