Bengaluru-based Prestige Estates Projects Ltd has about Rs 65,000 crore of unrecognised revenue in its books, Chairman Irfan Razack said. He noted that the amount reflects the company’s strong pre-sales over the past three years and is “not a small amount.”
The figure represents revenue from sold projects that has not yet been recognised in accounts, as the company is still completing construction and meeting accounting requirements. Prestige’s record sales bookings of about Rs 30,024 crore in 2025–26 helped build this pipeline, and the company is targeting even higher pre-sales in the current fiscal year.
The Rs 65,000 crore figure should be read as a forward book of business rather than immediate revenue; it signals strong demand and a substantial delivery pipeline but depends on execution.
For stakeholders — buyers, lenders, and investors — the key metrics to watch will be quarter-on-quarter conversion of these unrecognised amounts into recognised revenue, project completion schedules, and margin trends on those recognised sales. Clear, periodic disclosure from the company about conversion timelines will be essential to assessing Prestige’s near- and medium-term performance
For investors, the number signals both strong demand and a large future revenue stream. However, the actual conversion of this amount into reported income will depend on project completion, handovers, and regulatory clearance