Prestige Estates, SignatureGlobal, Arvind: Axis Securities’ Top Real Estate Picks for FY26

Axis Securities is maintaining a bullish stance on India’s real estate sector as it heads into FY26, despite a subdued Q4 FY25 marked by election-related delays and sluggish approvals. The brokerage notes that most developers have updated their FY26 launch guidance to reflect spill-overs, but strong demand for premium housing and robust absorption trends continue to drive optimism.

Sector Outlook: Growth Amid Challenges

Axis Securities highlights that leading real estate companies are guiding for 25–30% growth in bookings for FY26. The brokerage has reaffirmed ‘buy’ ratings on select stocks, citing strong launch pipelines, execution capabilities, and visibility on future projects.

Top Real Estate Stock Picks for FY26

• Prestige Estates Projects
  Prestige Estates reported impressive pre-sales of ₹6,957 crore in Q4 FY25, a 48% YoY surge, thanks to successful launches like Prestige Southern Star and Spring Heights. While FY25 pre-sales of ₹17,000 crore fell short of the earlier ₹24,000 crore target, they met Axis Securities’ revised expectations. Looking ahead, Prestige guides for ₹27,000 crore in FY26 pre-sales, including ₹12,000 crore in Q1 alone. The company’s annuity business remains strong, with 90% office and 99% retail occupancy, and rental income expected to rise sharply by FY29.
• SignatureGlobal India
  SignatureGlobal posted ₹1,620 crore in Q4 FY25 pre-sales—a 42% QoQ dip due to delayed launches—but still exceeded its FY25 guidance with ₹10,290 crore in total pre-sales. The company launched ₹13,800 crore worth of projects in FY25 and targets ₹17,000 crore for FY26, focusing on key growth corridors like SPR, Dwarka Expressway, and Sohna. With collections up 41% YoY to ₹4,380 crore and net debt down to ₹880 crore, Axis Securities praises SignatureGlobal’s cash flow discipline and momentum in premium housing.
• Arvind Smartspaces
  Arvind Smartspaces logged ₹1,271 crore in FY25 pre-sales, missing its growth target due to delayed launches. However, it has ₹4,000 crore worth of launches lined up for FY26 across Bengaluru, Gujarat, and MMR. Projects like Aqua City and The Park saw near-total bookings at launch, fueling strong momentum. Axis Securities highlights Arvind’s asset-light approach, high referral-driven sales, and planned ₹1,000 crore in business development capex, expected to unlock ₹5,000 crore in topline potential.

The Road Ahead

With robust pipelines and continued demand for premium homes, Axis Securities’ top picks—Prestige Estates, SignatureGlobal, and Arvind Smartspaces—are well-positioned to capitalize on India’s evolving real estate landscape in FY26.