<ul><li>Motilal Oswal is optimistic on Prestige Estates and maintains 'Buy' rating, revises target price, believes significant launches to fuel FY26 presales.</li><li>Prestige Estate's presales stood at Rs 210 billion in FY24, primarily driven by significant launches with the residential segment accounting for 80% of the total sales.</li><li>Prestige Estate is expanding its commercial segment (by 43 msf) as well as its hospitality portfolio. Therefore, its commercial rental income is likely to clock a 53% CAGR to reach Rs 19.5 billion and its hospitality revenue would post a 20% CAGR to reach Rs 13.7 billion over FY24-27E.</li><li>Income from the commercial segment is likely to improve to Rs 33 billion by FY30E as all the under-construction assets are operationalized.</li></ul>

Prestige Estate Can Rally 45%, Says Motilal Oswal, Maintaining 'Buy' Rating — Here's Why

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