Prestige Estates Projects Limited has completed the acquisition of a 50% partnership interest in Aaramnagar Realty LLP on April 9, 2026, marking a strategic expansion into Mumbai's real estate market. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Acquisition Details

The transaction involves a cash consideration structure with Prestige Estates Projects Limited infusing capital into the target entity. The acquisition was completed on the same date as announced, demonstrating the company's swift execution capabilities in strategic investments.

Target Entity Profile

Aaramnagar Realty LLP operates in the real estate, construction and development sector. The limited liability partnership was established in 2018 and has maintained a focused approach to real estate development activities.

Strategic Objectives

The acquisition aligns with Prestige Estates Projects Limited's expansion strategy, specifically targeting the development of a real estate project in Versova, Mumbai. This move represents the company's entry into one of Mumbai's premium residential and commercial locations.

Regulatory and Corporate Governance

The transaction maintains transparency in corporate governance practices. Key regulatory aspects include:

• No related party transaction implications
• No promoter or promoter group interest in the transaction
• No specific governmental or regulatory approvals required
• Full compliance with SEBI disclosure requirements

The acquisition was disclosed in accordance with SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring complete regulatory compliance and transparency for stakeholders.

Prestige Estates Projects Limited has achieved a landmark milestone with record-breaking FY26 annual pre-sales of ₹30,024 crore, representing a remarkable 76% year-on-year growth. The real estate developer also reported strong quarterly performance with Q4 pre-sales of ₹7,697 crore, marking a 10% increase during the quarter.

Record-Breaking Annual Performance

The company's FY26 pre-sales performance marks the first time Prestige Estates has crossed the ₹30,000 crore threshold in annual pre-sales, reflecting the scale and depth of its operations across markets. This achievement was driven by sustained traction across key markets and steady demand for well-located, high-quality developments.

Strong Market Presence Across Geographies

The company witnessed sustained traction across its key markets during FY26, with healthy contributions from Bengaluru, NCR, Mumbai, Hyderabad, and Chennai. Sales momentum remained consistent across both new launches and ongoing inventory, reflecting resilient end-user demand and the company's strategic market positioning.

Management Commentary and Outlook

Commenting on the performance, Mr. Irfan Razack, Chairman and Managing Director, expressed satisfaction with the strong finish to FY26. He highlighted that demand across key markets has remained encouraging, with the company's focus on quality, location, and timely execution continuing to resonate well with customers. The management remains optimistic about sustaining momentum in the coming year, supported by a robust pipeline of upcoming launches across geographies.

Strategic Focus and Market Position

The record performance establishes Prestige Estates Projects as a strong performer in the real estate sector, demonstrating the company's ability to capitalize on favorable market conditions while maintaining a disciplined and measured approach to growth. With a legacy of almost four decades, the Group has delivered 313 projects spanning 206 million square feet and currently maintains a pipeline of 128 projects across 195 million square feet.